Suburb Profile Report for Marsden QLD (4132)

Marsden House: Median price $355,000, Annual capital growth 4.93%, Number of sales 238, Weekly median advertised rent $370

Marsden Unit: Median price $282,000, Annual capital growth 3.81%, Number of sales 35, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Marsden have tracked just higher than the QLD average of 2.22% over the last 12 months.

Across a shorter period, Marsden, 4132 has seen a median price increase of 2.90% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Marsden is offering property investors an average of -7.23. This rate of discount on properties puts Suburb at number 623th in terms of most discounted suburbs in QLD

Residents and property investors in Marsden have been waiting around 53.33 days to sell a property.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

With a capital gain of -15.06% for the last 12 months, Marsden, 4132 has performed for property investments than its average annual 3.81% property growth over the last 5 years.

The five-year average increase in median property values for Marsden,4132 has given property investors a potential capital gain of -12.69% across each of those five years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.79% offered to property buyers. Sellers in Marsden itself are offering an average vendor discount of -5.41% to real estate investors.

In the last year 35 properties changed hands in Marsden, which puts it as the 219th most active market in QLD when comparing the number of sales per suburb.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 6.27%, without taking into account capital value appreciation, which has been averaging out at 3.81%.

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Josh Brown of PRDnationwide tips Marsden as a great spot to pick up a discounted asset while buyers hold the upper hand. Sales activity has hit decade lows and the median price is beginning to taper off, he says, so it’s definitely a long-term play in terms of capital growth. In the meantime however, yields are strong and affordability is highFull summary

Josh Brown of PRDnationwide tips Marsden a great spot to pick up a discounted asset while buyers hold the upper hand. Sales activity has hit decade lows and the median price is beginning to taper off, he says, so it’s definitely a long-term play in terms of capital growth. In the meantime however, yields are strong and affordability is high.

It’s an area that Hot Property Specialists’ Liz Wilcox has been doing a lot of buying in on behalf of her clients, and she notes that it’s one of Brisbane’s best areas for rental growth.

She adds however that it’s an area that still offers affordable rents to young families, and that it’s this demographic that investors will be looking to rent their property to.

“It’s worth targeting larger properties for the family market,” she says. “A four-bedroom, two-bathroom house will rent for $360 to $400.”

She advises that Marsden is an area where investors would do well to target newer houses that are under 10 years old, noting that they’ll have less maintenance issues than older properties and will attract the kind of tenant who will look after the property.

With this in mind, she suggests looking at First Avenue, Second Avenue and Third Avenue: all of which run north to south from Browns Plain Road up towards the Logan Motorway.

“There used to be big blocks there, but there are now a lot of newer homes,” she explains.

Other than its proximity to the Logan motorway, Marsden scores well on the transport front thanks to its proximity to Loganlea station which is around a 3km journey away and provides express trains to Brisbane and the Gold Coast.

Close
HOUSE UNIT
$355,000 $282,000
2.90% -14.29%
6.61% -15.06%
4.93% 3.81%
$370 $340
238 35
5.42% 6.27%
53.33 107.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Marsden QLD
Demographics
Total population 11279
Median household income ($/weekly) 1201
Median age of persons 27
Median housing loan repayment ($/monthly) 1692
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 1190 10.5
    5-14 years 2026 18.0
    25-34 years 1758 15.6
    35-44 years 1488 13.2
    45-54 years 1279 11.3
    Others 3539 31.4
    Age Group
    Census Count Percent(%)
    Not Married 3361 45.2
    Registered Married 3050 41.0
    Defacto Relationship 1022 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7353 70.4
    Former Yugoslav Republic of Macedonia 113 1.1
    Papua New Guinea 1223 11.7
    United Kingdom 346 3.3
    Other 782 7.5
    Others 621 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 289 2.9
    Christianity 6403 65.0
    Hinduism 75 0.8
    Islam 298 3.0
    No Religion 2738 27.8
    Others 51 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 308 10.5
    $1,000-$1,249 366 12.5
    $1,250-$1,499 331 11.3
    $1,500-$1,999 489 16.7
    $2,000-$2,499 322 11.0
    Others 1120 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3000 40.2
    Not in the labour force 2474 33.1
    Employed, worked part-time 1172 15.7
    Unemployed, looking for work 518 6.9
    Employed, away from work 307 4.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 727 16.2
    Community & personal service workers 480 10.7
    Clerical & administrative workers 598 13.4
    Machinery operators & drivers 773 17.3
    Labourers 769 17.2
    Others 1128 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 190 7.1
    Infants/Primary 1267 47.6
    Secondary 754 28.3
    Technical or Further Educational Institution 203 7.6
    University or other Tertiary Institutions 185 6.9
    Others 64 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9967 94.2
    Semi-detached, row or terrace house, townhouse 447 4.2
    Flat, unit or apartment 168 1.6
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1428 44.3
    Being purchased 1304 40.5
    Fully owned 480 14.9
    Other tenure type 8 0.2
    Tenure Type
Census 2011, ABS
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