Suburb Profile Report for Algester QLD (4115)

Algester House: Median price $493,000, Annual capital growth 4.40%, Number of sales 128, Weekly median advertised rent $430

Algester Unit: Median price $307,000, Annual capital growth 5.99%, Number of sales 29, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Algester, 4115 have given investors a capital gain of -1.20%. This compares badly with the 2.41% for QLD as a whole.

Taking the average capital gain, or increase in median house value, Algester,4115 has racked up an average of -1.20% over the period. This ranks it number 2411th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Algester should be aiming for at least -2.84% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Algester the average time real estate has been on the market is 44 days.

Situated 16.02km from the CBD, Algester is one of Brisbane localities in the postcode 4115.

Property value increases in Algester have tracked close to the QLD average of 0.66% over the last 12 months.

Over the longer term, Algester has seen property prices show investors a 0.66% return over the last 3 years. This is an improvement over the last 12 months

Our latest figures would indicate that property sellers in Algester are currently offering property investors an average price cut of -5.35% below the asking price at the moment.

Residents and property investors in Algester have been waiting around 86.66 days to sell a property.

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

Metrics i HOUSE UNIT
$493,000 $307,000
0.61% N/A
-1.20% 1.49%
4.40% 5.99%
$430 $370
128 29
4.54% 6.27%
44 86.66

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
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Recent sales & rentals