Suburb Profile Report for Carina Heights QLD (4152)

Carina Heights House: Median price $693,250, Annual capital growth 5.39%, Number of sales 80, Weekly median advertised rent $440

Carina Heights Unit: Median price $460,000, Annual capital growth 2.51%, Number of sales 79, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -2.15% for the last year, Carina Heights, 4152 is the 3358th highest performer in Australia in this respect.

Over the longer term, Carina Heights has seen property prices show investors a 18.76% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Carina Heights 4152 should be seeing an average reduction in asking price of around -4.20% . This means that Carina Heights is holding prices well when compared to other suburbs in QLD.

At number 125 in a list of fastest selling suburbs, Carina Heights is in the TOP 10% of suburbs in Australia with an average of days on market 28.95 for properties listed there.

With the median price for a house in Carina Heights being $693250 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.30%

QLD has seen average median house prices change by -0.06% which means that Carina Heights, 4152 has not done well for property investors by showing a capital gain of 0.44% over the last year

Carina Heights,4152 has offered an average of 0.44% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Carina Heights should be aiming for at least -3.98% off the asking price, which is the average vendor discount being achieved at the moment.

A $425 per week rent on the median house gives suburb investors a gross yield of circa 4.80%, without taking into account capital value appreciation, which has been averaging out at 2.51%.

Metrics i HOUSE UNIT
$693,250 $460,000
1.39% 1.77%
-2.15% 0.44%
5.39% 2.51%
$440 $425
80 79
3.30% 4.80%
28.95 71.53

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6111
Median household income ($/weekly) 1385
Median age of persons 35
Median housing loan repayment ($/monthly) 2149
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 616 10.1
    25-34 years 1136 18.6
    35-44 years 844 13.8
    45-54 years 744 12.2
    55-64 years 681 11.1
    Others 2089 34.2
    Age Group
    Census Count Percent(%)
    Not Married 2263 48.0
    Registered Married 1931 41.0
    Defacto Relationship 519 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4419 74.8
    Lebanon 81 1.4
    Papua New Guinea 263 4.5
    United Kingdom 229 3.9
    Other 315 5.3
    Others 601 10.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 94 1.7
    Christianity 4089 72.3
    Islam 100 1.8
    Other Religious Groups 65 1.1
    No Religion 1253 22.2
    Others 53 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 187 8.4
    $1,250-$1,499 189 8.5
    $1,500-$1,999 251 11.3
    $2,000-$2,499 246 11.1
    $2,500-$2,999 212 9.5
    Others 1135 51.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2149 43.8
    Not in the labour force 1451 29.6
    Employed, worked part-time 949 19.3
    Employed, away from work 193 3.9
    Unemployed, looking for work 164 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 391 11.9
    Professionals 849 25.8
    Technicians & trades workers 434 13.2
    Clerical & administrative workers 569 17.3
    Sales 320 9.7
    Others 725 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 62 4.6
    Infants/Primary 419 31.0
    Secondary 307 22.7
    Technical or Further Educational Institution 156 11.5
    University or other Tertiary Institutions 357 26.4
    Others 51 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4005 68.8
    Semi-detached, row or terrace house, townhouse 1336 22.9
    Flat, unit or apartment 484 8.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1053 44.1
    Being purchased 714 29.9
    Fully owned 615 25.7
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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