Suburb Profile Report for Yeerongpilly QLD (4105)

Yeerongpilly House: Median price $670,000, Annual capital growth 8.60%, Number of sales 20, Weekly median advertised rent $450

Yeerongpilly Unit: Median price $438,850, Annual capital growth 3.44%, Number of sales 14, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Yeerongpilly, 4105 have given investors a capital gain of 15.52%. This compares very favourably with the 2.22% for QLD as a whole.

Taking the average capital gain, or increase in median house value, Yeerongpilly,4105 has racked up an average of 15.52% over the period. This ranks it number 2936th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.22% to buyers in Yeerongpilly at the moment, which is less than average for the rest of QLD.

Yeerongpilly, 4105’s gross rental yield is 3.49%

At number 702th in the list of Australian suburbs ordered by increase in median house value over the last year, Yeerongpilly, 4105 is in the top half with a property value increase of 5.24% recorded in median house prices.

Across a shorter period, Yeerongpilly, 4105 has seen a median price increase of 1.74% over the last quarter.

Vendor discounting in Yeerongpilly is giving property investors an average Vendor Discount of around -4.84%. This puts suburb at number 201th in QLD when ranking the most discounted suburbs.

Residents and property investors in Yeerongpilly have been waiting around 60.36 days to sell a property.

Yeerongpilly is 293th on a list of best yielding suburbs for rents in QLD with a 4.74% return

YIP MAG Information supplied by:

YIP MAG
March 2016

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While Brisbane has been touted by many as the next Australian market to boom, suburbs like Yeerongpilly show why doing your research is still important.Full summary While Brisbane has been touted by many as the next Australian market to boom, suburbs like Yeerongpilly show why doing your research is still important.

The inner-south suburb, with a median house price of $545,000, may seem an affordable option for investors looking to buy in the city, but market performance in Yeerongpilly hasn’t been great in recent times.

The median house price has declined 21% over the past year, while three-year growth in the suburb sits at -18%.

It doesn’t appear that investors think Yeerongpilly has hit the bottom of its current cycle either, with houses spending an average of 75 days on the market and vendors offering an average discount of 8%.

While its recent performance might not inspire confidence, Yeerongpilly does have some positives.

The suburb has excellent public transport infrastructure, as well as large areas of parkland and a range of educational facilities nearby.Close
HOUSE UNIT
$670,000 $438,850
-0.37% 1.74%
15.52% 5.24%
8.60% 3.44%
$450 $400
20 14
3.49% 4.74%
37.76 60.36

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1984
Median household income ($/weekly) 1414
Median age of persons 33
Median housing loan repayment ($/monthly) 1975
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 219 11.0
    25-34 years 388 19.6
    35-44 years 302 15.2
    45-54 years 246 12.4
    55-64 years 197 9.9
    Others 632 31.9
    Age Group
    Census Count Percent(%)
    Not Married 788 51.9
    Registered Married 537 35.4
    Defacto Relationship 192 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1379 72.5
    Indonesia 43 2.3
    Papua New Guinea 69 3.6
    United Kingdom 85 4.5
    Other 113 5.9
    Others 212 11.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 1.8
    Christianity 1117 61.6
    Hinduism 31 1.7
    Islam 44 2.4
    No Religion 565 31.2
    Others 22 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 71 9.6
    $1,000-$1,249 58 7.9
    $1,500-$1,999 90 12.2
    $2,500-$2,999 78 10.6
    $3,000-$3,499 65 8.8
    Others 374 50.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 688 43.8
    Not in the labour force 438 27.9
    Employed, worked part-time 334 21.3
    Employed, away from work 59 3.8
    Unemployed, looking for work 50 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 103 9.5
    Professionals 401 37.2
    Technicians & trades workers 110 10.2
    Community & personal service workers 105 9.7
    Clerical & administrative workers 170 15.8
    Others 190 17.6
    Occupation
    Census Count Percent(%)
    Pre-school 15 2.7
    Infants/Primary 152 27.2
    Secondary 109 19.5
    Technical or Further Educational Institution 57 10.2
    University or other Tertiary Institutions 212 38.0
    Others 13 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1139 60.0
    Semi-detached, row or terrace house, townhouse 438 23.1
    Flat, unit or apartment 311 16.4
    House or flat attached to a shop, office 10 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 384 48.6
    Being purchased 242 30.6
    Fully owned 158 20.0
    Other tenure type 6 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals