Suburb Profile Report for Hope Island QLD (4212)

Hope Island House: Median price $620,000, Annual capital growth 4.12%, Number of sales 61, Weekly median advertised rent $500

Hope Island Unit: Median price $650,000, Annual capital growth 0.69%, Number of sales 590, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3442th in the list of Australian suburbs ordered by increase in median house value over the last year, Hope Island, 4212 is in the BOTTOM 20% with a property value increase of -3.35% recorded in median house prices.

While Hope Island,4212 ranked number 599th in QLD for increase in median house value (annualised) increase, it is ranked 92th over the last 5 years.

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 Hope Island itself are offering an average vendor discount of -5.93% to real estate investors.

Hope Island, 4212’s gross rental yield is 4.19%

If you compare the increase in value of investment property in Hope Island, 4212 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 10.64%.

Hope Island,4212 was ranked 617 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Hope Island is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 93th in terms of most discounted suburbs in QLD

With the median price for a house in Hope Island being $650000 and the advertised rent reaching $599.5 the gross rental yield for property investors calculates out to be 4.80%

Metrics i HOUSE UNIT
$620,000 $650,000
-0.80% 2.20%
-3.35% 10.64%
4.12% 0.69%
$500 $600
61 590
4.19% 4.80%
78.2 113.63

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (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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