Suburb Profile Report for Richlands QLD (4077)

Richlands House: Median price $471,000, Annual capital growth 6.69%, Number of sales 25, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

QLD has seen average median house prices change by 1.98% which means that Richlands, 4077 has done well for property investors by showing a capital gain of 13.49% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Richlands comes in at number 156th in QLD.

Property buyers and investors in Richlands 4077 should be seeing an average reduction in asking price of around -8.70% . This means that Richlands is holding prices well when compared to other suburbs in QLD.

Often selling an investment property can take time, and in Richlands the average time real estate has been on the market is 55.65 days.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.69%, investors should hope to achieve an overall return of 4.42%

HOUSE UNIT
$471,000 N/A
3.52% N/A
13.49% N/A
6.69% N/A
$400 N/A
25 N/A
4.42% N/A
55.65 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 2077
Median household income ($/weekly) 1275
Median age of persons 29
Median housing loan repayment ($/monthly) 2048
Average household size 3
  • Census Count Percent(%)
    5-14 years 312 15.0
    20-24 years 219 10.5
    25-34 years 376 18.1
    35-44 years 290 14.0
    45-54 years 271 13.0
    Others 609 29.3
    Age Group
    Census Count Percent(%)
    Not Married 692 46.7
    Registered Married 622 41.9
    Defacto Relationship 169 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1095 55.4
    Papua New Guinea 184 9.3
    United Kingdom 61 3.1
    Viet Nam 212 10.7
    Other 169 8.6
    Others 254 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 213 11.2
    Christianity 1122 58.7
    Hinduism 40 2.1
    Islam 103 5.4
    No Religion 404 21.2
    Others 28 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 60 10.1
    $1,000-$1,249 84 14.1
    $1,250-$1,499 59 9.9
    $1,500-$1,999 85 14.2
    $2,000-$2,499 70 11.7
    Others 239 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 661 43.4
    Not in the labour force 451 29.6
    Employed, worked part-time 265 17.4
    Unemployed, looking for work 79 5.2
    Employed, away from work 66 4.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 163 16.4
    Technicians & trades workers 122 12.3
    Clerical & administrative workers 146 14.7
    Machinery operators & drivers 122 12.3
    Labourers 133 13.4
    Others 309 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 28 5.3
    Infants/Primary 196 37.0
    Secondary 135 25.5
    Technical or Further Educational Institution 50 9.4
    University or other Tertiary Institutions 103 19.4
    Others 18 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1423 71.9
    Semi-detached, row or terrace house, townhouse 479 24.2
    Flat, unit or apartment 76 3.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 360 55.7
    Being purchased 172 26.6
    Fully owned 114 17.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals