Suburb Profile Report for Runaway Bay QLD (4216)

Runaway Bay House: Median price $970,500, Annual capital growth 1.90%, Number of sales 122, Weekly median advertised rent $650

Runaway Bay Unit: Median price $463,500, Annual capital growth 0.38%, Number of sales 208, Weekly median advertised rent $398

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2743th in the list of Australian suburbs ordered by increase in median house value over the last year, Runaway Bay, 4216 is in the BOTTOM 40% with a property value increase of 2.43% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Runaway Bay has increased when compared to the 5 year average annual rate.

Vendor discounting in Runaway Bay is giving property investors an average Vendor Discount of around -6.64%. This puts suburb at number 354th in QLD when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $7800 per annum or $650 every week.

QLD has seen average median house prices change by 0.29% which means that Runaway Bay, 4216 has done well for property investors by showing a capital gain of -5.41% over the last year

While Runaway Bay,4216 ranked number 158th in QLD for increase in median house value (annualised) increase, it is ranked 84th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Runaway Bay is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 132th in terms of most discounted suburbs in QLD

Metrics i HOUSE UNIT
$970,500 $463,500
0.00% 0.00%
2.43% -5.41%
1.90% 0.38%
$650 $398
122 208
3.48% 4.46%
83.11 90.45

Source: CoreLogic

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