Suburb Profile Report for Thorneside QLD (4158)

Thorneside House: Median price $519,000, Annual capital growth 4.80%, Number of sales 59, Weekly median advertised rent $410

Thorneside Unit: Median price $295,000, Annual capital growth 2.93%, Number of sales 45, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Thorneside, 4158 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.76%

Taking the average capital gain, or increase in median house value, Thorneside,4158 has racked up an average of 1.76% over the period. This ranks it number 1687th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.10% offered to property buyers. Sellers in Thorneside itself are offering an average vendor discount of -4.53% to real estate investors.

Residents and property investors in Thorneside have been waiting around 65.85 days to sell a property.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 4.80%, investors should hope to achieve an overall return of 4.11%

Investment property in Thorneside has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.10%

Over the longer term, Thorneside has seen property prices show investors a -5.14% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Thorneside 4158 should be seeing an average reduction in asking price of around -4.95% . This means that Thorneside is holding prices well when compared to other suburbs in QLD.

Metrics i HOUSE UNIT
$519,000 $295,000
-2.44% -5.14%
1.76% -8.10%
4.80% 2.93%
$410 $350
59 45
4.11% 6.17%
65.85 70.07

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 3547
Median household income ($/weekly) 1159
Median age of persons 38
Median housing loan repayment ($/monthly) 1859
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 384 10.8
    25-34 years 527 14.9
    35-44 years 472 13.3
    45-54 years 532 15.0
    55-64 years 486 13.7
    Others 1147 32.3
    Age Group
    Census Count Percent(%)
    Not Married 1176 43.7
    Registered Married 1110 41.3
    Defacto Relationship 404 15.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2635 77.8
    Italy 23 0.7
    Papua New Guinea 226 6.7
    United Kingdom 243 7.2
    Other 99 2.9
    Others 160 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 0.7
    Christianity 2246 69.3
    Hinduism 12 0.4
    Other Religious Groups 30 0.9
    No Religion 914 28.2
    Others 13 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 139 10.4
    $600-$799 158 11.8
    $1,000-$1,249 154 11.5
    $1,500-$1,999 165 12.4
    $2,000-$2,499 140 10.5
    Others 579 43.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1214 43.6
    Not in the labour force 807 29.0
    Employed, worked part-time 542 19.5
    Employed, away from work 115 4.1
    Unemployed, looking for work 107 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 206 11.0
    Professionals 281 15.0
    Technicians & trades workers 305 16.3
    Clerical & administrative workers 333 17.8
    Labourers 223 11.9
    Others 520 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 47 7.1
    Infants/Primary 256 38.6
    Secondary 163 24.6
    Technical or Further Educational Institution 74 11.2
    University or other Tertiary Institutions 102 15.4
    Others 21 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2446 72.5
    Semi-detached, row or terrace house, townhouse 714 21.2
    Flat, unit or apartment 204 6.0
    Caravan, cabin, houseboat 11 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 536 37.6
    Rented 463 32.5
    Fully owned 422 29.6
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals