Suburb Profile Report for Hope Island QLD (4212)

Hope Island House: Median price $645,000, Annual capital growth 4.70%, Number of sales 70, Weekly median advertised rent $495

Hope Island Unit: Median price $625,000, Annual capital growth -0.66%, Number of sales 634, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Hope Island has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.16%

Over the longer term, Hope Island has seen property prices show investors a 37.97% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Hope Island are currently offering property investors an average price cut of -6.40% below the asking price at the moment.

In the last year 70 properties changed hands in Hope Island, which puts it as the 337th most active market in QLD when comparing the number of sales per suburb.

Hope Island is 603th on a list of best yielding suburbs for rents in QLD with a 3.99% return

QLD has seen average median house prices change by 1.23% which means that Hope Island, 4212 has done well for property investors by showing a capital gain of 19.05% 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 Hope Island has increased when compared to the 5 year average annual rate.

At number 49th of QLD’s most discounted properties, Hope Island is in the bottom 20% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 52.83 sales per month, which equates to 634 per year.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of -0.66%, investors should hope to achieve an overall return of 4.58%

HOUSE UNIT
$645,000 $625,000
0.55% 1.63%
13.16% 19.05%
4.70% -0.66%
$495 $550
70 634
3.99% 4.58%
73.25 116.47

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 8481
Median household income ($/weekly) 1543
Median age of persons 45
Median housing loan repayment ($/monthly) 2650
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 964 11.4
    35-44 years 1169 13.8
    45-54 years 1429 16.8
    55-64 years 1410 16.6
    65-74 years 1042 12.3
    Others 2468 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 3735 60.2
    Not Married 1802 29.0
    Defacto Relationship 667 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4872 62.6
    Papua New Guinea 687 8.8
    South Africa 326 4.2
    United Kingdom 951 12.2
    Other 304 3.9
    Others 646 8.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 148 2.0
    Christianity 5709 75.6
    Islam 56 0.7
    Judaism 37 0.5
    No Religion 1549 20.5
    Others 49 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 248 8.8
    $1,250-$1,499 248 8.8
    $1,500-$1,999 334 11.8
    $2,000-$2,499 282 10.0
    $2,500-$2,999 330 11.6
    Others 1392 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2500 38.1
    Not in the labour force 2395 36.5
    Employed, worked part-time 1206 18.4
    Unemployed, looking for work 278 4.2
    Employed, away from work 189 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 871 22.4
    Professionals 717 18.4
    Technicians & trades workers 420 10.8
    Clerical & administrative workers 627 16.1
    Sales 497 12.8
    Others 762 19.6
    Occupation
    Census Count Percent(%)
    Pre-school 90 5.8
    Infants/Primary 594 38.6
    Secondary 433 28.1
    Technical or Further Educational Institution 132 8.6
    University or other Tertiary Institutions 242 15.7
    Others 48 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5149 67.9
    Semi-detached, row or terrace house, townhouse 1469 19.4
    Flat, unit or apartment 857 11.3
    Caravan, cabin, houseboat 105 1.4
    House or flat attached to a shop, office 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1063 34.2
    Rented 1053 33.9
    Being purchased 974 31.3
    Other tenure type 18 0.6
    Tenure Type
Census 2011, ABS
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