Suburb Profile Report for Runaway Bay QLD (4216)

Runaway Bay House: Median price $965,000, Annual capital growth 2.25%, Number of sales 140, Weekly median advertised rent $675

Runaway Bay Unit: Median price $493,000, Annual capital growth 1.23%, Number of sales 199, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Runaway Bay, 4216 ranked 219th in QLD when comparing growth in median property values or capital gain over the last 12 months. Runaway Bay is one of 2415 in our list for QLD

Runaway Bay,4216 was ranked 1592 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Runaway Bay is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 366th in terms of most discounted suburbs in QLD

Runaway Bay, 4216’s gross rental yield is 3.64%

Property investors who have had real estate in Runaway Bay, 4216 should be pleased 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 16.00%

If we look at median property appreciation over just the last three months, Runaway Bay has given property investors a paper return of -0.40%. This puts Suburb as 205 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Runaway Bay should be aiming for at least -5.81% off the asking price, which is the average vendor discount being achieved at the moment.

The QLD suburb of Runaway Bay, 4216 is in the Gold Coast local government area.

HOUSE UNIT
$965,000 $493,000
1.31% -0.40%
7.22% 16.00%
2.25% 1.23%
$675 $410
140 199
3.64% 4.32%
70.87 97.11

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 8912
Median household income ($/weekly) 1065
Median age of persons 49
Median housing loan repayment ($/monthly) 2167
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 838 9.4
    35-44 years 1039 11.7
    45-54 years 1158 13.0
    55-64 years 1474 16.5
    65-74 years 1301 14.6
    Others 3102 34.8
    Age Group
    Census Count Percent(%)
    Registered Married 3714 53.9
    Not Married 2493 36.2
    Defacto Relationship 679 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5760 69.9
    Papua New Guinea 790 9.6
    South Africa 92 1.1
    United Kingdom 704 8.5
    Other 280 3.4
    Others 617 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 147 1.8
    Christianity 6234 77.7
    Islam 56 0.7
    Judaism 31 0.4
    No Religion 1506 18.8
    Others 48 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 390 11.8
    $600-$799 354 10.8
    $800-$999 397 12.1
    $1,000-$1,249 293 8.9
    $1,500-$1,999 331 10.1
    Others 1527 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3064 42.8
    Employed, worked full-time 2335 32.6
    Employed, worked part-time 1269 17.7
    Unemployed, looking for work 267 3.7
    Employed, away from work 220 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 574 15.0
    Professionals 674 17.6
    Technicians & trades workers 533 13.9
    Clerical & administrative workers 605 15.8
    Sales 558 14.6
    Others 881 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 6.1
    Infants/Primary 526 38.7
    Secondary 319 23.5
    Technical or Further Educational Institution 118 8.7
    University or other Tertiary Institutions 265 19.5
    Others 49 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4556 55.8
    Flat, unit or apartment 2018 24.7
    Semi-detached, row or terrace house, townhouse 1581 19.4
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1450 40.7
    Rented 1064 29.9
    Being purchased 956 26.8
    Other tenure type 94 2.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals