Suburb Profile Report for Paradise Point QLD (4216)

Paradise Point House: Median price $1,095,000, Annual capital growth 3.15%, Number of sales 134, Weekly median advertised rent $650

Paradise Point Unit: Median price $665,000, Annual capital growth 7.75%, Number of sales 127, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Paradise Point, 4216 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 25.72%.

If we look at median property appreciation over just the last three months, Paradise Point has given property investors a paper return of 4.29%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in Paradise Point are currently offering property investors an average price cut of -8.74% below the asking price at the moment.

Investment property in Paradise Point has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.47%

Comparing Paradise Point,4216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Paradise Point should be aiming for at least -4.94% off the asking price, which is the average vendor discount being achieved at the moment.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.36%, without taking into account capital value appreciation, which has been averaging out at 7.75%.

Metrics i HOUSE UNIT
$1,095,000 $665,000
4.29% 5.98%
25.72% 9.47%
3.15% 7.75%
$650 $430
134 127
3.09% 3.36%
105.65 103.06

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 5929
Median household income ($/weekly) 1163
Median age of persons 47
Median housing loan repayment ($/monthly) 2297
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 567 9.6
    35-44 years 831 14.0
    45-54 years 880 14.8
    55-64 years 1040 17.5
    65-74 years 735 12.4
    Others 1877 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 2472 53.5
    Not Married 1676 36.3
    Defacto Relationship 470 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3853 69.9
    Papua New Guinea 457 8.3
    South Africa 90 1.6
    United Kingdom 506 9.2
    Other 210 3.8
    Others 399 7.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 86 1.6
    Christianity 4137 77.2
    Islam 41 0.8
    Judaism 22 0.4
    No Religion 1049 19.6
    Others 26 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 227 10.4
    $600-$799 197 9.0
    $800-$999 212 9.7
    $1,500-$1,999 215 9.9
    $2,500-$2,999 194 8.9
    Others 1132 52.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1887 39.6
    Employed, worked full-time 1654 34.7
    Employed, worked part-time 900 18.9
    Employed, away from work 167 3.5
    Unemployed, looking for work 162 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 559 20.6
    Professionals 487 17.9
    Technicians & trades workers 344 12.6
    Clerical & administrative workers 410 15.1
    Sales 341 12.5
    Others 579 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 59 6.1
    Infants/Primary 359 36.8
    Secondary 282 28.9
    Technical or Further Educational Institution 76 7.8
    University or other Tertiary Institutions 153 15.7
    Others 46 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3536 63.4
    Semi-detached, row or terrace house, townhouse 1262 22.6
    Flat, unit or apartment 770 13.8
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 849 35.5
    Rented 842 35.2
    Being purchased 688 28.8
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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