Key market indicators and historical price trends for Kelvin Grove
Annual Growth (Houses)
+12.8%
Annual Growth (Units)
+8.8%
Rental Yield (Houses)
2.7%
Rental Yield (Units)
4.3%
Avg. Days on Market
24
Vacancy Rate
0.9%
5-Year House Growth
+92%
5-Year Unit Growth
+82%
Market Demand
Very High
5-Year Median Price Trend
Houses
Units
Sources: CoreLogic, PropTrack, realestate.com.au. Prices reflect rolling 12-month median. Past performance is not indicative of future results.
About Kelvin Grove
Kelvin Grove is a dynamic inner-city suburb anchored by the Kelvin Grove Urban Village — a pioneering mixed-use development combining QUT campus facilities, retail, dining, and residential living. The suburb offers a blend of heritage Queenslanders, modern apartments, and student accommodation, creating a diverse and energetic community.
Development Potential
High around the Urban Village precinct and along Kelvin Grove Road. QUT's ongoing campus investment and the Inner Northern Busway drive development demand. Sites near the busway station and university are particularly attractive for student accommodation and apartment development.
Key Zoning: Mixed Use, Medium Density Residential, Community Facilities
Growth Drivers
QUT campus expansion and student demand
Victoria Park redevelopment potential
Inner Northern Busway connectivity
Urban Village precinct maturation
Inner-city affordability relative to New Farm/Teneriffe
Thinking of Selling?
ACRES provides complimentary property assessments for Kelvin Grove owners. Discover your property's true development site value.
Properties in Kelvin Grove with development potential are selling for 30–100% above standard residential value. Find out if yours qualifies — no cost, no obligation.
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27 property owners in Kelvin Grove requested assessments this month
Median price data sourced from realestate.com.au (April 2025 – March 2026). Figures are indicative and based on recorded sales. Consult a licensed valuer for property-specific advice.