Suburb Profile Report for Berrinba QLD (4117)

Berrinba House: Median price $415,000, Annual capital growth 2.56%, Number of sales 39, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 3176th in the list of Australian suburbs ordered by increase in median house value over the last year, Berrinba, 4117 is in the BOTTOM 30% with a property value increase of -2.47% recorded in median house prices.

Property investors looking for a bargain in Berrinba should be aiming for at least -4.13% off the asking price, which is the average vendor discount being achieved at the moment.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.26%, without taking into account capital value appreciation, which has been averaging out at 2.56%.

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Berrinba, located 24 km from the Brisbane CBD is a hidden gem that has seen phenomenal growth over the past 30 years. According to Residex figures, over the past 31 years, the suburb enjoyed an average growth of 15.2% per annum from a low base of $5,162 as at September 1979. Median house price has since climbed to its peak at $421,599 in June 2010 before easing to its current median of $414,544.Full summary

Berrinba, located 24 km from the Brisbane CBD is a hidden gem that has seen phenomenal growth over the past 30 years. According to Residex figures, over the past 31 years, the suburb enjoyed an average growth of 15.2% per annum from a low base of $5,162 as at September 1979. Median house price has since climbed to its peak at $421,599 in June 2010 before easing to its current median of $414,544.

The suburb of 149 residents is highly accessible via the Logan Motorway that connects to the Pacific Highway and to Ipswich Road. This excellent road connectivity reduces travel time to the Gold Coast, Ipswich or to the airport.

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HOUSE UNIT
$415,000 N/A
N/A N/A
-2.47% N/A
2.56% N/A
$420 N/A
39 N/A
5.26% N/A
79.09 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1382
Median household income ($/weekly) 1490
Median age of persons 30
Median housing loan repayment ($/monthly) 2200
Average household size 3
  • Census Count Percent(%)
    0-4 years 138 10.0
    5-14 years 161 11.6
    25-34 years 315 22.8
    35-44 years 171 12.4
    45-54 years 128 9.3
    Others 469 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 464 51.7
    Not Married 311 34.6
    Defacto Relationship 123 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 826 63.2
    Indonesia 28 2.1
    Papua New Guinea 93 7.1
    United Kingdom 50 3.8
    Other 96 7.4
    Others 213 16.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 4.2
    Christianity 738 64.0
    Hinduism 39 3.4
    Islam 59 5.1
    No Religion 250 21.7
    Others 19 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 47 12.8
    $1,250-$1,499 43 11.7
    $1,500-$1,999 70 19.0
    $2,000-$2,499 58 15.8
    $2,500-$2,999 34 9.2
    Others 116 31.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 430 47.0
    Not in the labour force 248 27.1
    Employed, worked part-time 145 15.9
    Employed, away from work 46 5.0
    Unemployed, looking for work 45 4.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 67 10.8
    Professionals 96 15.5
    Technicians & trades workers 94 15.2
    Clerical & administrative workers 109 17.6
    Machinery operators & drivers 81 13.1
    Others 173 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 23 8.5
    Infants/Primary 95 35.1
    Secondary 80 29.5
    Technical or Further Educational Institution 32 11.8
    University or other Tertiary Institutions 36 13.3
    Others 5 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1180 96.5
    Semi-detached, row or terrace house, townhouse 43 3.5
    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 216 54.1
    Rented 124 31.1
    Fully owned 59 14.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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