Suburb Profile Report for Algester QLD (4115)

Algester House: Median price $492,000, Annual capital growth 4.68%, Number of sales 130, Weekly median advertised rent $430

Algester Unit: Median price $305,000, Annual capital growth 2.19%, Number of sales 30, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

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 4.68%.

Algester,4115 has offered an average of 4.68% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Algester 4115 should be seeing an average reduction in asking price of around -2.92% . This means that Algester is holding prices well when compared to other suburbs in QLD.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 4.68%, investors should hope to achieve an overall return of 4.54%

Algester has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.35% to date .

The five-year average increase in median property values for Algester,4115 has given property investors a potential capital gain of -6.15% across each of those five years.

Algester4115 is located in QLD which offers an average discount of -5.79% to property investors. Algester itself is showing figures that indicate -6.01% is the average achievable by property buyers investing in the suburb.

HOUSE UNIT
$492,000 $305,000
-1.16% 0.83%
4.68% 2.35%
4.68% 2.19%
$430 $380
130 30
4.54% 6.48%
25.38 100.2

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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