Suburb Profile Report for Eight Mile Plains QLD (4113)

Eight Mile Plains House: Median price $745,000, Annual capital growth 6.04%, Number of sales 139, Weekly median advertised rent $510

Eight Mile Plains Unit: Median price $397,250, Annual capital growth 4.92%, Number of sales 104, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Eight Mile Plains has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.98% to date .

A 31.28% growth in median value for property investors in Eight Mile Plains,4113 puts this suburb at number 439th in terms of best performing suburbs in QLD

The most recent median price for Eight Mile Plains is $745000, with sellers offering an average of -6.93% off the asking price.

Renters in Suburb are facing rents around $6120 per annum or $510 every week.

Investment property in Eight Mile Plains 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 -5.75%

When looking at the potential capital gains offered to property investors over the last 3 years, Eight Mile Plains comes in at number 210th in QLD.

Our latest figures would indicate that property sellers in Eight Mile Plains are currently offering property investors an average price cut of -3.76% below the asking price at the moment.

Eight Mile Plains, 4113’s gross rental yield is 5.50%

HOUSE UNIT
$745,000 $397,250
0.00% 0.70%
3.98% -5.75%
6.04% 4.92%
$510 $420
139 104
3.56% 5.50%
42.03 69.98

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 13378
Median household income ($/weekly) 1471
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.9
  • Census Count Percent(%)
    20-24 years 1447 10.8
    25-34 years 2561 19.1
    35-44 years 1758 13.1
    45-54 years 1717 12.8
    55-64 years 1556 11.6
    Others 4340 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 5312 50.8
    Not Married 4491 42.9
    Defacto Relationship 659 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 6425 49.7
    Croatia 1001 7.7
    Lebanon 791 6.1
    Papua New Guinea 545 4.2
    Other 1328 10.3
    Others 2842 22.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 872 7.0
    Christianity 7301 58.9
    Hinduism 410 3.3
    Islam 470 3.8
    No Religion 2970 24.0
    Others 364 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 352 8.6
    $1,250-$1,499 345 8.5
    $1,500-$1,999 547 13.4
    $2,000-$2,499 431 10.6
    $2,500-$2,999 393 9.6
    Others 2012 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4208 39.4
    Not in the labour force 3474 32.5
    Employed, worked part-time 2150 20.1
    Unemployed, looking for work 485 4.5
    Employed, away from work 365 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 784 11.7
    Professionals 1802 26.8
    Technicians & trades workers 827 12.3
    Clerical & administrative workers 1129 16.8
    Sales 627 9.3
    Others 1553 23.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 880 24.8
    Secondary 720 20.3
    Technical or Further Educational Institution 331 9.3
    University or other Tertiary Institutions 1328 37.4
    Other type of educational institution 154 4.3
    Others 141 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9715 76.0
    Semi-detached, row or terrace house, townhouse 2466 19.3
    Caravan, cabin, houseboat 578 4.5
    Flat, unit or apartment 11 0.1
    House or flat attached to a shop, office 5 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1488 33.7
    Rented 1463 33.1
    Fully owned 1444 32.7
    Other tenure type 20 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals