Suburb Profile Report for Gordon Park QLD (4031)

Gordon Park House: Median price $785,000, Annual capital growth 5.60%, Number of sales 64, Weekly median advertised rent $475

Gordon Park Unit: Median price $335,000, Annual capital growth 1.62%, Number of sales 33, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1543th in the list of Australian suburbs ordered by increase in median house value over the last year, Gordon Park, 4031 is in the top 40% with a property value increase of 9.03% recorded in median house prices.

Comparing Gordon Park,4031 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Gordon Park should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 64 properties changed hands in Gordon Park, which puts it as the 372th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $475 and the average annual increase in value of a median property of 5.60%, investors should hope to achieve an overall return of 3.15%

QLD has seen average median house prices change by 0.66% which means that Gordon Park, 4031 has done well for property investors by showing a capital gain of -10.07% over the last year

The five-year average increase in median property values for Gordon Park,4031 has given property investors a potential capital gain of -4.29% across each of those five years.

Vendor discounting in Gordon Park is giving property investors an average Vendor Discount of around -8.05%. This puts suburb at number 46th in QLD when ranking the most discounted suburbs.

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Gordon Park’s growth figures have been solid in recent years. Its median house price of will be at the upper end of most investors’ budgets, but this figure is in keeping with neighbouring suburbs and you tend to get a good slice of land for your money.

Full summary

Gordon Park’s growth figures have been solid in recent years. Its median house price of will be at the upper end of most investors’ budgets, but this figure is in keeping with neighbouring suburbs and you tend to get a good slice of land for your money.

“Situated approximately six radial kilometres north of the Brisbane CBD, Gordon Park comprises a mixture of pre-war and post-war housing – some of which is on generous size parcels of land,” explains Herron Todd White Brisbane residential director David Hyne. “There’s parkland nearby, and the express busway link to the CBD is under construction.”

Amenities are a bit on the sparse side, and Hyne admits that Gordon Park lacks its own hub of restaurants and retail outlets, but adds that it feeds off the nearby Wilston village.

Close
Metrics i HOUSE UNIT
$785,000 $335,000
5.80% -2.05%
9.03% -10.07%
5.60% 1.62%
$475 $350
64 33
3.15% 5.43%
65.91 73.43

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4015
Median household income ($/weekly) 1674
Median age of persons 33
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 424 10.6
    25-34 years 833 20.7
    35-44 years 699 17.4
    45-54 years 521 13.0
    55-64 years 356 8.9
    Others 1182 29.4
    Age Group
    Census Count Percent(%)
    Not Married 1426 46.7
    Registered Married 1264 41.4
    Defacto Relationship 362 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3038 79.4
    Indonesia 88 2.3
    Papua New Guinea 129 3.4
    United Kingdom 123 3.2
    Other 135 3.5
    Others 312 8.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 1.3
    Christianity 2606 70.2
    Islam 32 0.9
    Other Religious Groups 56 1.5
    No Religion 935 25.2
    Others 33 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 138 9.1
    $1,250-$1,499 136 9.0
    $1,500-$1,999 203 13.4
    $2,000-$2,499 151 10.0
    $2,500-$2,999 190 12.6
    Others 695 45.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1651 52.8
    Employed, worked part-time 648 20.7
    Not in the labour force 624 19.9
    Employed, away from work 137 4.4
    Unemployed, looking for work 69 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 343 14.1
    Professionals 800 32.8
    Technicians & trades workers 248 10.2
    Community & personal service workers 214 8.8
    Clerical & administrative workers 408 16.7
    Others 424 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 58 6.5
    Infants/Primary 299 33.5
    Secondary 168 18.8
    Technical or Further Educational Institution 78 8.7
    University or other Tertiary Institutions 263 29.5
    Others 27 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2622 68.5
    Flat, unit or apartment 820 21.4
    Semi-detached, row or terrace house, townhouse 368 9.6
    House or flat attached to a shop, office 17 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 680 42.1
    Being purchased 565 34.9
    Fully owned 364 22.5
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals