Suburb Profile Report for Heritage Park QLD (4118)

Heritage Park House: Median price $464,500, Annual capital growth 3.33%, Number of sales 89, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report

At number 1520th in the list of Australian suburbs ordered by increase in median house value over the last year, Heritage Park, 4118 is in the top 40% with a property value increase of 8.15% recorded in median house prices.

The five-year average increase in median property values for Heritage Park,4118 has given property investors a potential capital gain of 23.54% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Heritage Park itself are offering an average vendor discount of -3.56% to real estate investors.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 3.33%.

Metrics i HOUSE UNIT
$464,500 N/A
0.98% N/A
8.15% N/A
3.33% N/A
$390 N/A
89 N/A
4.37% N/A
60.01 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 4873
Median household income ($/weekly) 1630
Median age of persons 32
Median housing loan repayment ($/monthly) 1950
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 831 17.0
    15-19 years 448 9.2
    25-34 years 590 12.1
    35-44 years 768 15.8
    45-54 years 763 15.7
    Others 1474 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 1882 54.0
    Not Married 1243 35.7
    Defacto Relationship 360 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3415 72.5
    Papua New Guinea 417 8.9
    Philippines 53 1.1
    United Kingdom 301 6.4
    Other 225 4.8
    Others 300 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 1.1
    Christianity 3303 72.4
    Islam 83 1.8
    Other Religious Groups 68 1.5
    No Religion 1022 22.4
    Others 37 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 113 8.7
    $1,250-$1,499 136 10.5
    $1,500-$1,999 220 16.9
    $2,000-$2,499 221 17.0
    $2,500-$2,999 120 9.2
    Others 489 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1698 47.8
    Not in the labour force 868 24.4
    Employed, worked part-time 694 19.5
    Unemployed, looking for work 148 4.2
    Employed, away from work 143 4.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 442 17.4
    Clerical & administrative workers 506 19.9
    Sales 286 11.3
    Machinery operators & drivers 268 10.6
    Labourers 278 11.0
    Others 757 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 71 5.6
    Infants/Primary 534 42.0
    Secondary 398 31.3
    Technical or Further Educational Institution 97 7.6
    University or other Tertiary Institutions 141 11.1
    Others 29 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4719 99.5
    Semi-detached, row or terrace house, townhouse 12 0.3
    Flat, unit or apartment 10 0.2
    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 812 55.7
    Rented 342 23.5
    Fully owned 300 20.6
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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