Suburb Profile Report for Algester QLD (4115)

Algester House: Median price $488,000, Annual capital growth 4.28%, Number of sales 123, Weekly median advertised rent $430

Algester Unit: Median price $307,000, Annual capital growth 5.93%, Number of sales 30, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.39% which means that Algester, 4115 has done well for property investors by showing a capital gain of -1.31% over the last year

Taking the average capital gain, or increase in median house value, Algester,4115 has racked up an average of -1.31% over the period. This ranks it number 2374th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Algester is offering property investors an average of -7.16. This rate of discount on properties puts Suburb at number 817th in terms of most discounted suburbs in QLD

With the median price for a house in Algester being $488000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.58%

If you compare the increase in value of investment property in Algester, 4115 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.66%.

While Algester,4115 ranked number 160th in QLD for increase in median house value (annualised) increase, it is ranked 310th over the last 5 years.

Algester4115 is located in QLD which offers an average discount of -6.15% to property investors. Algester itself is showing figures that indicate -5.35% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

Metrics i HOUSE UNIT
$488,000 $307,000
-0.41% 0.33%
-1.31% 0.66%
4.28% 5.93%
$430 $370
123 30
4.58% 6.27%
42.07 84.75

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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
Chart Table
Recent sales & rentals