Suburb Profile Report for Heathwood QLD (4110)

Heathwood House: Median price $550,000, Annual capital growth 2.42%, Number of sales 63, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Heathwood has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.60%

Over the longer term, Heathwood has seen property prices show investors a 3.77% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Heathwood is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 792th in terms of most discounted suburbs in QLD

In the last year 63 properties changed hands in Heathwood, which puts it as the 371th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 2.42%, investors should hope to achieve an overall return of 4.54%

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Located about 20 km south of Brisbane, Heathwood is a leafy suburb featuring a number of parks, picnic and barbecue areas and surrounded by bush land.

Full summary

Located about 20 km south of Brisbane, Heathwood is a leafy suburb featuring a number of parks, picnic and barbecue areas and surrounded by bush land.

The Greenbank Military Camp is located nearby, which make the suburb a natural choice for a base for the army personnel and their families. It’s accessible via the Logan Motorway, affording easy commute to either the Brisbane or Logan job markets. Residents also enjoy the facilities at the neighbouring suburb of Forest Lakes.

Property prices were relatively flat between 1979 when median house price were just $7,323 and 2002. Prices started to escalate up until 2008, where it stagnated shortly, before resuming its upward momentum. According to Residex figures, median house prices have achieved annual average growth of 15% since 1979.

Close
Metrics i HOUSE UNIT
$550,000 N/A
-0.36% N/A
-4.60% N/A
2.42% N/A
$480 N/A
63 N/A
4.54% N/A
69.57 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1820
Median household income ($/weekly) 2229
Median age of persons 32
Median housing loan repayment ($/monthly) 2700
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 158 8.7
    5-14 years 269 14.8
    25-34 years 344 18.9
    35-44 years 353 19.4
    45-54 years 251 13.8
    Others 445 24.5
    Age Group
    Census Count Percent(%)
    Registered Married 763 58.5
    Not Married 392 30.1
    Defacto Relationship 149 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 988 56.3
    Papua New Guinea 141 8.0
    United Kingdom 103 5.9
    Viet Nam 101 5.8
    Other 126 7.2
    Others 297 16.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 151 8.8
    Christianity 1064 62.3
    Hinduism 93 5.4
    Islam 51 3.0
    No Religion 331 19.4
    Others 17 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 32 6.4
    $1,500-$1,999 81 16.1
    $2,000-$2,499 95 18.9
    $2,500-$2,999 70 13.9
    $3,000-$3,499 69 13.7
    Others 156 31.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 792 58.8
    Not in the labour force 240 17.8
    Employed, worked part-time 231 17.1
    Employed, away from work 47 3.5
    Unemployed, looking for work 38 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 165 15.4
    Professionals 235 22.0
    Technicians & trades workers 153 14.3
    Clerical & administrative workers 183 17.1
    Sales 106 9.9
    Others 228 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 23 5.2
    Infants/Primary 171 38.6
    Secondary 132 29.8
    Technical or Further Educational Institution 31 7.0
    University or other Tertiary Institutions 74 16.7
    Others 12 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1726 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 341 63.1
    Rented 148 27.4
    Fully owned 51 9.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals