Suburb Profile Report for Bowen Hills QLD (4006)

Bowen Hills Unit: Median price $428,000, Annual capital growth 1.87%, Number of sales 119, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

At number 1180th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowen Hills, 4006 is in the BOTTOM 40% with a property value increase of -0.58% recorded in median house prices.

Over the longer term, Bowen Hills has seen property prices show investors a 1.90% return over the last 3 years. This is worse than over the last 12 months

Bowen Hills4006 is located in QLD which offers an average discount of -5.79% to property investors. Bowen Hills itself is showing figures that indicate -6.09% is the average achievable by property buyers investing in the suburb.

At number 655 in a list of fastest selling suburbs, Bowen Hills is just in the top half of suburbs in Australia with an average of days on market 71.02 for properties listed there.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.35%, without taking into account capital value appreciation, which has been averaging out at 1.87%.

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The inner-city suburbs of Brisbane have had a well-documented struggle as a result of the number of new apartments that have popped up in recent years, and Bowen Hills is no exception.Full summary
The inner-city suburbs of Brisbane have had a well-documented struggle as a result of the number of new apartments that have popped up in recent years, and Bowen Hills is no exception.

In this suburb just 3km north of the Brisbane CBD, tenants are unlikely to struggle to find rental accommodation – its vacancy rate is currently 6.65%, according to Real Estate Investar.

There has been some improvement in the rental market though, as the vacancy rate has fallen from the 8.19% of 12 months ago.

Landlords who do manage to find a tenant are at least seeing decent rental returns, with yields currently sitting at 5%.

Investors will be hoping yields don’t fall any time soon, with capital growth conditions being relatively poor at the moment.

The median unit price currently sits at $426,000 and has only grown 3% in the last three years. The last 12 months alone have seen prices fall by 2%.
Close
HOUSE UNIT
N/A $428,000
N/A -0.41%
N/A -0.58%
N/A 1.87%
N/A $440
N/A 119
N/A 5.35%
N/A 71.02

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 1744
Median household income ($/weekly) 1458
Median age of persons 31
Median housing loan repayment ($/monthly) 2100
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 270 15.5
    25-34 years 581 33.3
    35-44 years 289 16.6
    45-54 years 187 10.7
    55-64 years 148 8.5
    Others 270 15.5
    Age Group
    Census Count Percent(%)
    Not Married 858 62.0
    Registered Married 301 21.8
    Defacto Relationship 224 16.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 995 62.8
    Indonesia 50 3.2
    Papua New Guinea 82 5.2
    United Kingdom 61 3.8
    Other 144 9.1
    Others 253 16.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 4.3
    Christianity 839 55.9
    Hinduism 38 2.5
    Islam 26 1.7
    No Religion 505 33.6
    Others 30 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 51 6.8
    $600-$799 60 8.0
    $1,500-$1,999 116 15.4
    $2,000-$2,499 65 8.6
    $2,500-$2,999 93 12.4
    Others 367 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 802 53.2
    Not in the labour force 353 23.4
    Employed, worked part-time 242 16.0
    Unemployed, looking for work 60 4.0
    Employed, away from work 51 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 148 13.5
    Professionals 340 31.1
    Technicians & trades workers 112 10.2
    Community & personal service workers 109 10.0
    Clerical & administrative workers 165 15.1
    Others 221 20.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 26 8.2
    Secondary 33 10.4
    Technical or Further Educational Institution 51 16.1
    University or other Tertiary Institutions 172 54.3
    Other type of educational institution 29 9.1
    Others 6 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1099 72.1
    Separate house 232 15.2
    Semi-detached, row or terrace house, townhouse 172 11.3
    House or flat attached to a shop, office 19 1.2
    Caravan, cabin, houseboat 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 593 72.8
    Being purchased 156 19.1
    Fully owned 60 7.4
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals