Suburb Profile Report for Labrador QLD (4215)

Labrador House: Median price $485,000, Annual capital growth 3.04%, Number of sales 123, Weekly median advertised rent $420

Labrador Unit: Median price $339,900, Annual capital growth 3.00%, Number of sales 572, Weekly median advertised rent $355

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Labrador, 4215 have given investors a capital gain of 5.43%. This compares favourably with the 2.22% for QLD as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Labrador comes in at number 133th in QLD.

Property investors looking for a bargain in Labrador should be aiming for at least -6.41% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors who have had real estate in Labrador, 4215 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.31%

Over the longer term, Labrador has seen property prices show investors a 17.21% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Labrador should be aiming for at least -5.49% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $355 and the average annual increase in value of a median property of 3.00%, investors should hope to achieve an overall return of 5.43%

HOUSE UNIT
$485,000 $339,900
0.94% 2.15%
5.43% 3.31%
3.04% 3.00%
$420 $355
123 572
4.50% 5.43%
73.19 71.19

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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
Chart Table
Recent sales & rentals