Suburb Profile Report for Eight Mile Plains QLD (4113)

Eight Mile Plains House: Median price $764,000, Annual capital growth 6.25%, Number of sales 138, Weekly median advertised rent $490

Eight Mile Plains Unit: Median price $402,750, Annual capital growth 4.82%, Number of sales 116, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 2.17% for the last 12 months, Eight Mile Plains, 4113 has performed for property investments than its average annual 6.25% property growth over the last 5 years.

Eight Mile Plains,4113 has offered an average of 2.17% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Eight Mile Plains should be aiming for at least -5.05% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Eight Mile Plains have been waiting around 34.71 days to sell a property.

Advertised rents are around the $490 mark per week – giving a return of 3.34% based on the median price in Suburb

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 -6.34%

Taking the average capital gain, or increase in median house value, Eight Mile Plains,4113 has racked up an average of -6.34% over the period. This ranks it number 1157th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Eight Mile Plains should be aiming for at least -3.86% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$764,000 $402,750
1.87% -1.29%
2.17% -6.34%
6.25% 4.82%
$490 $425
138 116
3.34% 5.49%
34.71 65.32

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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
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Recent sales & rentals