Suburb Profile Report for Ellen Grove QLD (4078)

Ellen Grove House: Median price $290,000, Annual capital growth 8.29%, Number of sales 35, Weekly median advertised rent $320

Ellen Grove Unit: Median price $347,500, Annual capital growth 0.41%, Number of sales 115, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Ellen Grove has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.43%

Ellen Grove, 4078 is offering QLD ‘s 246th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.

Property investors should expect to get $320 weekly from the median priced house in this suburb.

Ellen Grove is in the bottom 40% in QLD when comparing median price capital growth over the last year. Ellen Grove gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.56%.

While Ellen Grove,4078 ranked number 167th in QLD for increase in median house value (annualised) increase, it is ranked 307th over the last 5 years.

A $355 per week rent on the median house gives suburb investors a gross yield of circa 5.31%, without taking into account capital value appreciation, which has been averaging out at 0.41%.

Metrics i HOUSE UNIT
$290,000 $347,500
1.93% 0.00%
9.43% -1.56%
8.29% 0.41%
$320 $355
35 115
5.74% 5.31%
71.8 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2527
Median household income ($/weekly) 865
Median age of persons 28
Median housing loan repayment ($/monthly) 1300
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 485 19.2
    25-34 years 295 11.7
    35-44 years 311 12.3
    45-54 years 313 12.4
    55-64 years 282 11.2
    Others 843 33.3
    Age Group
    Census Count Percent(%)
    Not Married 817 52.6
    Registered Married 589 37.9
    Defacto Relationship 147 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1413 66.9
    Papua New Guinea 138 6.5
    United Kingdom 69 3.3
    Viet Nam 136 6.4
    Other 196 9.3
    Others 159 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 195 9.5
    Christianity 1347 65.4
    Hinduism 29 1.4
    Islam 37 1.8
    No Religion 437 21.2
    Others 15 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 82 13.1
    $600-$799 103 16.4
    $800-$999 70 11.2
    $1,000-$1,249 72 11.5
    $1,500-$1,999 80 12.8
    Others 220 35.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 742 48.0
    Employed, worked full-time 463 29.9
    Employed, worked part-time 199 12.9
    Unemployed, looking for work 96 6.2
    Employed, away from work 46 3.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 118 16.7
    Community & personal service workers 67 9.5
    Clerical & administrative workers 103 14.6
    Machinery operators & drivers 111 15.7
    Labourers 133 18.8
    Others 175 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 28 5.0
    Infants/Primary 244 43.4
    Secondary 177 31.5
    Technical or Further Educational Institution 33 5.9
    University or other Tertiary Institutions 56 10.0
    Others 24 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1939 88.2
    Semi-detached, row or terrace house, townhouse 221 10.1
    Flat, unit or apartment 29 1.3
    Caravan, cabin, houseboat 7 0.3
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 420 60.4
    Fully owned 149 21.4
    Being purchased 120 17.3
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
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