Suburb Profile Report for Algester QLD (4115)

Algester House: Median price $490,000, Annual capital growth 4.53%, Number of sales 126, Weekly median advertised rent $430

Algester Unit: Median price $305,000, Annual capital growth 6.53%, Number of sales 32, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

Algester has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.93% to date .

While Algester,4115 ranked number 478th in QLD for increase in median house value (annualised) increase, it is ranked 193th over the last 5 years.

Sellers are offering property buyers an average discount of -2.86% to buyers in Algester at the moment, which is less than average for the rest of QLD.

Algester is 435th on a list of best yielding suburbs for rents in QLD with a 4.56% return

Algester is an average performer in QLD when comparing median price capital growth over the last year. Algester gave property investors a average capital gain figure when compared to the rest of the state, with -0.05%.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Algester itself are offering an average vendor discount of -5.55% to real estate investors.

In the last year 32 properties changed hands in Algester, which puts it as the 241th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $375 mark per week – giving a return of 6.39% based on the median price in Suburb

Metrics i HOUSE UNIT
$490,000 $305,000
0.00% N/A
0.93% -0.05%
4.53% 6.53%
$430 $375
126 32
4.56% 6.39%
28.51 103.34

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8262
Median household income ($/weekly) 1437
Median age of persons 34
Median housing loan repayment ($/monthly) 1941
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1006 12.2
    25-34 years 1456 17.6
    35-44 years 1174 14.2
    45-54 years 990 12.0
    55-64 years 1004 12.2
    Others 2632 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 2991 50.2
    Not Married 2374 39.8
    Defacto Relationship 599 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4830 63.3
    Croatia 243 3.2
    Papua New Guinea 588 7.7
    United Kingdom 435 5.7
    Other 536 7.0
    Others 1001 13.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 229 3.1
    Christianity 4968 67.1
    Hinduism 85 1.1
    Islam 237 3.2
    No Religion 1791 24.2
    Others 89 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 224 8.9
    $800-$999 223 8.9
    $1,000-$1,249 258 10.3
    $1,500-$1,999 399 15.9
    $2,000-$2,499 348 13.9
    Others 1056 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2725 43.9
    Not in the labour force 1814 29.2
    Employed, worked part-time 1175 18.9
    Employed, away from work 264 4.3
    Unemployed, looking for work 230 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 726 17.4
    Technicians & trades workers 614 14.7
    Clerical & administrative workers 823 19.8
    Sales 433 10.4
    Labourers 418 10.0
    Others 1149 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 96 5.5
    Infants/Primary 636 36.6
    Secondary 451 26.0
    Technical or Further Educational Institution 173 10.0
    University or other Tertiary Institutions 320 18.4
    Others 60 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6591 87.1
    Semi-detached, row or terrace house, townhouse 626 8.3
    Flat, unit or apartment 310 4.1
    Caravan, cabin, houseboat 40 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1203 44.5
    Rented 758 28.0
    Fully owned 738 27.3
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals