Suburb Profile Report for Labrador QLD (4215)

Labrador House: Median price $505,000, Annual capital growth 3.14%, Number of sales 122, Weekly median advertised rent $430

Labrador Unit: Median price $350,000, Annual capital growth 3.06%, Number of sales 578, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Labrador has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.32%

Across a shorter period, Labrador, 4215 has seen a median price increase of 1.51% over the last quarter.

Labrador, 4215 is offering QLD ‘s 395th 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.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 3.14%, investors should hope to achieve an overall return of 4.43%

Giving property investors a a stable capital gain of 6.06% for the last year, Labrador, 4215 is the 632th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Labrador,4215 has racked up an average of 6.06% over the period. This ranks it number 878th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.70% to buyers in Labrador at the moment, which is less than average for the rest of QLD.

With the median price for a house in Labrador being $350000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.35%

Metrics i HOUSE UNIT
$505,000 $350,000
1.51% 1.19%
6.32% 6.06%
3.14% 3.06%
$430 $360
122 578
4.43% 5.35%
64.54 78.75

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 16401
Median household income ($/weekly) 862
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 2663 16.2
    35-44 years 2224 13.6
    45-54 years 2058 12.5
    55-64 years 1999 12.2
    65-74 years 1518 9.3
    Others 5939 36.2
    Age Group
    Census Count Percent(%)
    Not Married 6391 52.9
    Registered Married 4020 33.3
    Defacto Relationship 1660 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 9727 65.0
    Papua New Guinea 1628 10.9
    Philippines 193 1.3
    United Kingdom 934 6.2
    Other 869 5.8
    Others 1606 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 301 2.1
    Christianity 9525 66.7
    Hinduism 110 0.8
    Islam 390 2.7
    No Religion 3797 26.6
    Others 157 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 657 10.4
    $400-$599 888 14.1
    $600-$799 862 13.7
    $800-$999 725 11.5
    $1,500-$1,999 653 10.4
    Others 2521 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4714 37.2
    Employed, worked full-time 4224 33.3
    Employed, worked part-time 2465 19.5
    Unemployed, looking for work 799 6.3
    Employed, away from work 467 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1100 15.4
    Technicians & trades workers 1098 15.3
    Community & personal service workers 970 13.6
    Clerical & administrative workers 930 13.0
    Sales 934 13.1
    Others 2123 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 174 6.0
    Infants/Primary 820 28.4
    Secondary 525 18.2
    Technical or Further Educational Institution 391 13.5
    University or other Tertiary Institutions 853 29.5
    Others 124 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 5602 38.7
    Flat, unit or apartment 4837 33.4
    Separate house 4013 27.7
    Caravan, cabin, houseboat 11 0.1
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3467 51.6
    Being purchased 1759 26.2
    Fully owned 1452 21.6
    Other tenure type 36 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals