Home Loans in Kelvin GroveQLD 4059
- Median house price: $1,100,000
- Median unit price: $480,000
- Property growth: +6.0% p.a.
- Population: 8,000
Property Market in Kelvin Grove, QLD
Kelvin Grove is an urban village near QUT with a mixed-use precinct and cultural events. The median house price in Kelvin Grove is currently around $1,100,000, while units sit at approximately $480,000. The suburb has experienced property growth of +6.0% p.a., making it a steady performer in Queensland.
Why Buy in Kelvin Grove?
Kelvin Grove offers a range of lifestyle benefits that make it attractive to homebuyers and investors alike. Key features of the area include:
- QUT campus
- Kelvin Grove Village
- Cultural precinct
- Inner city
Typical Home Loan Amounts in Kelvin Grove
Based on the current median house price of $1,100,000, most buyers in Kelvin Grove will be looking at home loans in the range of $770,000 to $1,045,000, depending on their deposit size. With an 80% loan-to-value ratio (LVR), a typical loan would be around $880,000.
For unit buyers, loan amounts typically range from $336,000 to $456,000. First home buyers in Kelvin Grove may be eligible for state government grants and stamp duty concessions, which can significantly reduce upfront costs.
How We Help You Get a Home Loan in Kelvin Grove
Your broker compares home loan rates from over 50 lenders to find the best deal for your purchase in Kelvin Grove. The broker service is free for borrowers: licensed brokers who meet our criteria pay Your Finance Guide a partnership fee to receive enquiries from this site, and the broker is usually also paid a commission by the lender. Both are disclosed in our Credit Guide. Whether you're a first home buyer, upgrader, or investor, your broker will guide you through the process from pre-approval to settlement.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans, a loan of $30,000 over 5 years for car and personal loans, and $50,000 over 5 years for equipment finance, unless the lender states another basis.
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