Suburb Profile Report for Kangaroo Point QLD (4169)

Kangaroo Point House: Median price $860,000, Annual capital growth 5.93%, Number of sales 30, Weekly median advertised rent $540

Kangaroo Point Unit: Median price $525,000, Annual capital growth 2.87%, Number of sales 245, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Kangaroo Point, 4169 have given investors a capital gain of -7.28%. This compares very badly with the 2.06% for QLD as a whole.

If we look at median property appreciation over just the last three months, Kangaroo Point has given property investors a paper return of 4.05%. This puts Suburb as 114 on a list of fastest fasting appreciating suburbs in QLD

Kangaroo Point4169 is located in QLD which offers an average discount of -7.32% to property investors. Kangaroo Point itself is showing figures that indicate -4.79% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Kangaroo Point have been waiting around 100.06 days to sell a property.

Renters in Suburb are facing rents around $6480 per annum or $540 every week.

At number 913th in the list of Australian suburbs ordered by increase in median house value over the last year, Kangaroo Point, 4169 is in the BOTTOM 50% with a property value increase of 1.94% recorded in median house prices.

While Kangaroo Point,4169 ranked number 116th in QLD for increase in median house value (annualised) increase, it is ranked 76th over the last 5 years.

Vendor discounting in Kangaroo Point is giving property investors an average Vendor Discount of around -7.49%. This puts suburb at number 62th in QLD when ranking the most discounted suburbs.

On average over the past year, suburb has had 20.42 sales per month, which equates to 245 per year.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 2.87%, investors should hope to achieve an overall return of 4.75%

Nicole Tam Information supplied by:

Nicole Tam
Ironfish

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W www.ironfish.com.au
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Kangaroo Point is in the bottom 30% in QLD when comparing median price capital growth over the last year. Kangaroo Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.02%.

Across a shorter period, Kangaroo Point, 4169 has seen a median price increase of 0.39% over the last quarter.

Kangaroo Point, 4169 is offering QLD ‘s 394th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

Using the current median advertised rental of $497.5 and the average annual increase in value of a median property of 6.03%, investors should hope to achieve an overall return of 4.03%Full summary
Kangaroo Point is in the bottom 30% in QLD when comparing median price capital growth over the last year. Kangaroo Point gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.02%.
 
Across a shorter period, Kangaroo Point, 4169 has seen a median price increase of 0.39% over the last quarter.
 
Kangaroo Point, 4169 is offering QLD ‘s 394th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
 
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
 
Using the current median advertised rental of $497.5 and the average annual increase in value of a median property of 6.03%, investors should hope to achieve an overall return of 4.03%
 
Selling points:  
  • Location (directly east across the Brisbane River from the Brisbane central business district)
  • Vacancy rate 2.4%1 (Post Code 4169 Kangaroo Point/East Brisbane: April 2013)
  • Rental return of 6.56%2 (Units over the last 12 months)
  • Median rent $480 per week3 (Units over the last quarter)
  • Increasing population growth
  • Strong demand
 
A highly desirable and tightly held inner metropolitan location, due to its walking distance proximity to the CBD, Fortitude Valley and Southbank.
 
Across the river from the Central Business District - Brisbane’s largest employment hub, catering for an estimated 170,000 employees.
 
The limited supply of new projects in Kangaroo Point, combined with tight rental vacancies, has seen apartments generate high average rental yields of 6.56%.
 
Most sought-after properties: Apartments
 
Most common properties:  Apartments and Houses
 
Top amenities:  Kangaroo Point Cliffs, riverfront walkways & recreational areas, Mowbray Park, Raymond Park, Lourdes Hill College, All Hallows School, Brisbane CBD shopping precinct, Brunswick Street Mall and Cafes, QUT, CityCat and ferry Services, St Vincents Hospital
 
Public transport: Very well established transport connectivity including bus, road, CityCat and City Ferry - plus the Clem-7 Airport Link, connecting Kangaroo Point to the northern suburbs and airport.
 
Main arteries: 
  • Very well established transport connectivity including bus, road, CityCat and City Ferry- plus the Clem-7 Airport Link, connecting Kangaroo Point to the northern suburbs and airport.
  • $715 million in Federal government funding allocated to the Cross River Rail (Underground) project, which is to see a new inner city rail connection running underneath Kangaroo Point.
Close
Metrics i HOUSE UNIT
$860,000 $525,000
4.05% 0.96%
-7.28% 1.94%
5.93% 2.87%
$540 $480
30 245
3.27% 4.75%
100.06 90.52

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in Kangaroo Point QLD
Demographics
Total population 6999
Median household income ($/weekly) 1679
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 805 11.5
    25-34 years 2030 29.0
    35-44 years 943 13.5
    45-54 years 812 11.6
    55-64 years 885 12.6
    Others 1524 21.8
    Age Group
    Census Count Percent(%)
    Not Married 2825 53.8
    Registered Married 1574 30.0
    Defacto Relationship 856 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3715 60.3
    Indonesia 114 1.8
    Papua New Guinea 363 5.9
    United Kingdom 414 6.7
    Other 679 11.0
    Others 879 14.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 176 3.0
    Christianity 3647 61.9
    Hinduism 127 2.2
    Islam 127 2.2
    No Religion 1746 29.6
    Others 73 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 236 8.6
    $1,250-$1,499 213 7.8
    $1,500-$1,999 344 12.5
    $2,000-$2,499 242 8.8
    $2,500-$2,999 468 17.0
    Others 1245 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2936 51.1
    Not in the labour force 1379 24.0
    Employed, worked part-time 1012 17.6
    Unemployed, looking for work 226 3.9
    Employed, away from work 194 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 671 16.2
    Professionals 1423 34.4
    Technicians & trades workers 347 8.4
    Clerical & administrative workers 588 14.2
    Sales 368 8.9
    Others 743 17.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 138 11.8
    Secondary 104 8.9
    Technical or Further Educational Institution 182 15.5
    University or other Tertiary Institutions 624 53.2
    Other type of educational institution 93 7.9
    Others 32 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4248 73.9
    Separate house 1241 21.6
    Semi-detached, row or terrace house, townhouse 213 3.7
    Caravan, cabin, houseboat 43 0.7
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1832 61.3
    Being purchased 575 19.2
    Fully owned 572 19.1
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals