Suburb Profile Report for Pimpama QLD (4209)

Pimpama House: Median price $479,008, Annual capital growth 0.74%, Number of sales 202, Weekly median advertised rent $420

Pimpama Unit: Median price $370,000, Annual capital growth 0.59%, Number of sales 97, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.39% which means that Pimpama, 4209 has done well for property investors by showing a capital gain of 8.87% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pimpama has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Pimpama is offering property investors an average of -7.16. This rate of discount on properties puts Suburb at number 794th in terms of most discounted suburbs in QLD

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Property value increases in Pimpama have tracked higher than the QLD average of 0.48% over the last 12 months.

The five-year average increase in median property values for Pimpama,4209 has given property investors a potential capital gain of -0.78% across each of those five years.

Property buyers and investors in Pimpama 4209 should be seeing an average reduction in asking price of around -8.13% . This means that Pimpama is holding prices well when compared to other suburbs in QLD.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 0.59%, investors should hope to achieve an overall return of 5.20%

Metrics i HOUSE UNIT
$479,008 $370,000
0.83% 3.24%
8.87% 16.54%
0.74% 0.59%
$420 $370
202 97
4.56% 5.20%
79.01 118.69

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 3211
Median household income ($/weekly) 1459
Median age of persons 29
Median housing loan repayment ($/monthly) 2400
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 326 10.2
    5-14 years 430 13.4
    25-34 years 647 20.2
    35-44 years 412 12.8
    45-54 years 346 10.8
    Others 1049 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 1019 47.2
    Not Married 705 32.6
    Defacto Relationship 436 20.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2273 75.2
    Papua New Guinea 302 10.0
    South Africa 28 0.9
    United Kingdom 177 5.9
    Other 85 2.8
    Others 156 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.4
    Christianity 1907 65.9
    Islam 17 0.6
    Other Religious Groups 15 0.5
    No Religion 903 31.2
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 81 8.7
    $1,000-$1,249 103 11.0
    $1,250-$1,499 101 10.8
    $1,500-$1,999 170 18.2
    $2,000-$2,499 116 12.4
    Others 364 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1034 45.1
    Not in the labour force 630 27.5
    Employed, worked part-time 438 19.1
    Unemployed, looking for work 104 4.5
    Employed, away from work 86 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 11.1
    Professionals 222 14.3
    Technicians & trades workers 271 17.4
    Clerical & administrative workers 229 14.7
    Labourers 183 11.8
    Others 479 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 63 9.0
    Infants/Primary 293 41.8
    Secondary 161 23.0
    Technical or Further Educational Institution 67 9.6
    University or other Tertiary Institutions 97 13.8
    Others 20 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2401 81.3
    Semi-detached, row or terrace house, townhouse 544 18.4
    Improvised home, tent, sleepers out 8 0.3
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 573 55.8
    Being purchased 307 29.9
    Fully owned 134 13.1
    Other tenure type 12 1.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals