Suburb Profile Report for Runaway Bay QLD (4216)

Runaway Bay House: Median price $950,000, Annual capital growth 1.70%, Number of sales 154, Weekly median advertised rent $678

Runaway Bay Unit: Median price $463,500, Annual capital growth 1.17%, Number of sales 201, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Runaway Bay have tracked close to the QLD average of 2.06% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Runaway Bay comes in at number 63th in QLD.

The most recent median price for Runaway Bay is $950000, with sellers offering an average of -6.78% off the asking price.

Property investors should expect to get $677.5 weekly from the median priced house in this suburb.

Runaway Bay has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.22% to date .

Over the longer term, Runaway Bay has seen property prices show investors a 3.00% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Runaway Bay, 4216. Typically our figures indicate that -5.68% is being offered, which puts this QLD suburb at 577th most discounted overall in Australia.

Often selling an investment property can take time, and in Runaway Bay the average time real estate has been on the market is 101.17 days.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

HOUSE UNIT
$950,000 $463,500
-2.81% -4.92%
2.15% 0.22%
1.70% 1.17%
$678 $400
154 201
3.71% 4.49%
69.2 101.17

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