Kelvin Grove is a vibrant inner-city suburb located just 3 km from the Brisbane CBD. The suburb is home to the Queensland University of Technology (QUT) Kelvin Grove campus, making it a hub for students and academics. The Kelvin Grove Urban Village is a bustling precinct featuring cafes, restaurants, boutique stores, and a Saturday farmers’ market that attracts locals and visitors alike. The nearby Victoria Park, one of Brisbane’s largest green spaces, offers spectacular city views, playgrounds, and walking trails, making it a favorite spot for recreation.
Kelvin Grove’s proximity to the CBD, combined with its strong education and cultural presence, makes it an attractive option for property investors. The high demand for student accommodation and rental properties for young professionals ensures consistent rental yields. The suburb’s diverse housing options, ranging from modern apartments to charming Queenslanders, cater to various market segments. Ongoing developments and infrastructure improvements in the area further enhance its long-term investment potential.
Tenants are drawn to Kelvin Grove for its convenience, public transport options, and lively atmosphere. The proximity to QUT, the Royal Brisbane and Women’s Hospital, and the city center makes it an ideal location for students, healthcare professionals, and city workers. The abundance of cafes, restaurants, and cultural events creates a vibrant lifestyle, while the green spaces and nearby Victoria Park provide a perfect balance of urban living and outdoor leisure.
All Houses Weekly Rent Index: $788.81 per week, Increase of 4.1% per annum
All Units Weekly Rent Index: $597.05 per week Increase of 4.3% per annum
Rental Yield for Houses: 2.3%
Rental Yield for Units: 5.1%