Suburb Profile Report for Algester QLD (4115)

Algester House: Median price $489,000, Annual capital growth 4.60%, Number of sales 124, Weekly median advertised rent $430

Algester Unit: Median price $305,000, Annual capital growth 6.62%, Number of sales 28, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Algester have tracked close to the QLD average of 2.11% over the last 12 months.

Over the longer term, Algester has seen property prices show investors a 16.71% return over the last 3 years. This is worse than over the last 12 months

Algester4115 is located in QLD which offers an average discount of -7.29% to property investors. Algester itself is showing figures that indicate -2.75% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Algester have been waiting around 26.82 days to sell a property.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 4.57%

Over the last year, property investments in Algester, 4115 have given investors a capital gain of 0.33%. This compares averagely with the 1.12% for QLD as a whole.

Algester4115 is located in QLD which offers an average discount of -6.00% to property investors. Algester itself is showing figures that indicate -6.03% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Algester have been waiting around 112.36 days to sell a property.

Algester is 52th on a list of best yielding suburbs for rents in QLD with a 6.48% return

HOUSE UNIT
$489,000 $305,000
-0.20% N/A
1.32% 0.33%
4.60% 6.62%
$430 $380
124 28
4.57% 6.48%
26.82 112.36

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
Chart Table
Recent sales & rentals