Suburb Profile Report for Fortitude Valley QLD (4006)

Fortitude Valley Unit: Median price $435,000, Annual capital growth 2.94%, Number of sales 200, Weekly median advertised rent $460

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

Source: CoreLogic

  • Unit Report
  • Expert Report

Giving property investors a a poor capital gain of -4.78% for the last year, Fortitude Valley, 4006 is the 1400th highest performer in Australia in this respect.

While Fortitude Valley,4006 ranked number 293th in QLD for increase in median house value (annualised) increase, it is ranked 175th over the last 5 years.

Property buyers and investors in Fortitude Valley 4006 should be seeing an average reduction in asking price of around -7.00% . This means that Fortitude Valley is holding prices well when compared to other suburbs in QLD.

Using the current median advertised rental of $460 and the average annual increase in value of a median property of 2.94%, investors should hope to achieve an overall return of 5.50%

YIP MAG Information supplied by:

YIP MAG
July 2015

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An inner Brisbane suburb, Fortitude Valley is famous for its nightlife and entertainment featuresFull summary

An inner Brisbane suburb, Fortitude Valley is famous for its nightlife and entertainment features.

It’s home to a number of high rise apartments, restaurants, clubs and retail shops.

It attracts the young crowd by virtue of its proximity to the city and university.

During the past 12 months, demand for units in Fortitude Valley appears to be ramping up.

According to the recent figures from CoreLogic RP Data, median unit values surged by 16% during that period.

Buyers who are priced out of New Farm ($551,000) and Newstead ($775,000) are attracted to the more affordable price points in Fortitude Valley ($488,000).

Just be mindful however that there’s a growing supply in the suburb.

According to Real Estate Investar, housing stock surged by a massive 48% during the past 12 months as vacancy rates rose above the 3% threshold to 4%.

 
Most sought-after properties: Apartments
 
Most common properties:  Apartments
 
Top amenities: Shopping (Emporium, Gasworks, James St, etc), Chinatown, Café precinct, private and public schools, public transport, RNA showground, hospitals.
 
Local industry and business:  Major employment hub including News Limited, Virgin Airlines and the Royal Brisbane hospital complex.
 
Public transport: Bus, Train and City Cat
 
Main arteries:  Airport Link Tunnel connecting Fortitude Valley and Bowen Hills directly to the Brisbane Airport and northern suburbs.
 
Close
HOUSE UNIT
N/A $435,000
N/A -2.91%
N/A -4.78%
N/A 2.94%
N/A $460
N/A 200
N/A 5.50%
N/A 80.21

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Fortitude Valley QLD
Demographics
Total population 5615
Median household income ($/weekly) 1590
Median age of persons 31
Median housing loan repayment ($/monthly) 2179
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 856 15.2
    25-34 years 2264 40.3
    35-44 years 923 16.4
    45-54 years 496 8.8
    55-64 years 392 7.0
    Others 684 12.2
    Age Group
    Census Count Percent(%)
    Not Married 2509 60.2
    Defacto Relationship 916 22.0
    Registered Married 742 17.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2814 59.0
    Croatia 124 2.6
    Papua New Guinea 257 5.4
    United Kingdom 293 6.1
    Other 465 9.7
    Others 819 17.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 209 4.6
    Christianity 2340 51.7
    Hinduism 85 1.9
    Islam 59 1.3
    No Religion 1777 39.3
    Others 54 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 193 8.3
    $1,250-$1,499 177 7.6
    $1,500-$1,999 300 12.9
    $2,000-$2,499 234 10.1
    $2,500-$2,999 335 14.4
    Others 1089 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2718 58.9
    Not in the labour force 868 18.8
    Employed, worked part-time 706 15.3
    Unemployed, looking for work 200 4.3
    Employed, away from work 123 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 503 14.2
    Professionals 1239 34.9
    Technicians & trades workers 309 8.7
    Community & personal service workers 352 9.9
    Clerical & administrative workers 542 15.3
    Others 603 17.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 46 5.3
    Secondary 53 6.1
    Technical or Further Educational Institution 127 14.5
    University or other Tertiary Institutions 524 59.8
    Other type of educational institution 111 12.7
    Others 15 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4033 90.7
    Separate house 266 6.0
    Semi-detached, row or terrace house, townhouse 136 3.1
    House or flat attached to a shop, office 10 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1770 71.6
    Being purchased 521 21.1
    Fully owned 170 6.9
    Other tenure type 10 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals