Suburb Profile Report for Drewvale QLD (4116)

Drewvale House: Median price $550,000, Annual capital growth 4.71%, Number of sales 83, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report

At number 2257th in the list of Australian suburbs ordered by increase in median house value over the last year, Drewvale, 4116 is in the BOTTOM 50% with a property value increase of 3.77% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Drewvale has increased when compared to the 5 year average annual rate.

The most recent median price for Drewvale is $550000, with sellers offering an average of -3.30% off the asking price.

In the last year 83 properties changed hands in Drewvale, which puts it as the 289th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 4.71%, investors should hope to achieve an overall return of 4.54%

HOUSE UNIT
$550,000 N/A
2.80% N/A
3.77% N/A
4.71% N/A
$480 N/A
83 N/A
4.54% N/A
55.31 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Drewvale QLD
Demographics
Total population 3943
Median household income ($/weekly) 1817
Median age of persons 31
Median housing loan repayment ($/monthly) 2383
Average household size 3.4
  • Census Count Percent(%)
    0-4 years 358 9.1
    5-14 years 722 18.3
    25-34 years 697 17.7
    35-44 years 679 17.2
    45-54 years 475 12.0
    Others 1012 25.7
    Age Group
    Census Count Percent(%)
    Registered Married 1625 60.7
    Not Married 833 31.1
    Defacto Relationship 220 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2277 59.9
    Indonesia 127 3.3
    Papua New Guinea 334 8.8
    United Kingdom 160 4.2
    Other 299 7.9
    Others 602 15.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 139 3.8
    Christianity 2381 65.5
    Hinduism 170 4.7
    Islam 170 4.7
    No Religion 708 19.5
    Others 69 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 104 10.3
    $1,250-$1,499 100 9.9
    $1,500-$1,999 181 17.9
    $2,000-$2,499 195 19.3
    $2,500-$2,999 110 10.9
    Others 321 31.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1395 50.1
    Not in the labour force 679 24.4
    Employed, worked part-time 516 18.5
    Employed, away from work 101 3.6
    Unemployed, looking for work 93 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 231 11.5
    Professionals 367 18.3
    Technicians & trades workers 304 15.1
    Clerical & administrative workers 347 17.3
    Sales 202 10.1
    Others 558 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 65 6.0
    Infants/Primary 467 43.2
    Secondary 307 28.4
    Technical or Further Educational Institution 72 6.7
    University or other Tertiary Institutions 133 12.3
    Others 38 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3760 99.6
    Semi-detached, row or terrace house, townhouse 15 0.4
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 683 61.4
    Rented 279 25.1
    Fully owned 145 13.0
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals