Suburb Profile Report for Labrador QLD (4215)

Labrador House: Median price $508,000, Annual capital growth 2.79%, Number of sales 118, Weekly median advertised rent $435

Labrador Unit: Median price $351,750, Annual capital growth 2.93%, Number of sales 572, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

Labrador has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.83% to date .

If we look at median property appreciation over just the last three months, Labrador has given property investors a paper return of 0.59%. This puts Suburb as 425 on a list of fastest fasting appreciating suburbs in QLD

Vendor discounting in Labrador is giving property investors an average Vendor Discount of around -7.12%. This puts suburb at number 333th in QLD when ranking the most discounted suburbs.

A $435 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 2.79%.

At number 591th in the list of Australian suburbs ordered by increase in median house value over the last year, Labrador, 4215 is in the top 40% with a property value increase of 6.59% recorded in median house prices.

Across a shorter period, Labrador, 4215 has seen a median price increase of 0.50% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Labrador is offering property investors an average of -6.05. This rate of discount on properties puts Suburb at number 158th in terms of most discounted suburbs in QLD

Labrador is 172th on a list of best yielding suburbs for rents in QLD with a 5.40% return

Metrics i HOUSE UNIT
$508,000 $351,750
0.59% 0.50%
5.83% 6.59%
2.79% 2.93%
$435 $365
118 572
4.45% 5.40%
63.23 80.11

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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