Suburb Profile Report for Karragarra Island QLD (4184)

Karragarra Island House: Median price $175,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $230

Source: CoreLogic

  • House Report

Property investors looking for a bargain in Karragarra Island should be aiming for at least -23.95% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 11 properties changed hands in Karragarra Island, which puts it as the 807th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $230 mark per week – giving a return of 6.83% based on the median price in Suburb

HOUSE UNIT
$175,000 N/A
N/A N/A
N/A N/A
N/A N/A
$230 N/A
11 N/A
6.83% N/A
180.16 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 160
Median household income ($/weekly) 749
Median age of persons 61
Median housing loan repayment ($/monthly) 1000
Average household size 1.7
  • Census Count Percent(%)
    25-34 years 10 6.3
    35-44 years 10 6.3
    45-54 years 23 14.4
    55-64 years 63 39.4
    65-74 years 38 23.8
    Others 16 10.0
    Age Group
    Census Count Percent(%)
    Registered Married 59 44.4
    Not Married 54 40.6
    Defacto Relationship 20 15.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 105 70.5
    Egypt 3 2.0
    Papua New Guinea 6 4.0
    United Kingdom 17 11.4
    Other 9 6.0
    Others 9 6.0
    Country of Birth
    Census Count Percent(%)
    Christianity 95 69.3
    No Religion 36 26.3
    Buddhism 6 4.4
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 8 10.1
    $300-$399 11 13.9
    $400-$599 10 12.7
    $600-$799 14 17.7
    $1,000-$1,249 12 15.2
    Others 24 30.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 87 60.0
    Employed, worked full-time 26 17.9
    Employed, worked part-time 23 15.9
    Employed, away from work 6 4.1
    Unemployed, looking for work 3 2.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 18 34.0
    Technicians & trades workers 4 7.5
    Community & personal service workers 5 9.4
    Clerical & administrative workers 6 11.3
    Labourers 8 15.1
    Others 12 22.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 3 33.3
    Technical or Further Educational Institution 3 33.3
    Other type of educational institution 3 33.3
    Pre-school 0 0.0
    Secondary 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 138 97.2
    Flat, unit or apartment 4 2.8
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 42 50.0
    Being purchased 28 33.3
    Rented 14 16.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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