Suburb Profile Report for Main Beach QLD (4217)

Main Beach House: Median price $1,512,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $643

Main Beach Unit: Median price $672,500, Annual capital growth 0.79%, Number of sales 269, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Renters in Suburb are facing rents around $7710 per annum or $642.5 every week.

Investment property in Main Beach has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.89%

While Main Beach,4217 ranked number 29th in QLD for increase in median house value (annualised) increase, it is ranked 88th over the last 5 years.

Property investors looking for a bargain in Main Beach should be aiming for at least -7.72% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Main Beach being $672500 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.87%

Metrics i HOUSE UNIT
$1,512,500 $672,500
-5.76% 5.66%
N/A 1.89%
N/A 0.79%
$643 $500
12 269
2.21% 3.87%
N/A 84.35

Source: CoreLogic

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 3495
Median household income ($/weekly) 1356
Median age of persons 47
Median housing loan repayment ($/monthly) 2400
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 591 16.9
    35-44 years 425 12.2
    45-54 years 442 12.6
    55-64 years 607 17.4
    65-74 years 452 12.9
    Others 979 28.0
    Age Group
    Census Count Percent(%)
    Not Married 1138 46.3
    Registered Married 972 39.6
    Defacto Relationship 347 14.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1980 70.5
    South Korea 37 1.3
    Papua New Guinea 179 6.4
    United Kingdom 205 7.3
    Other 164 5.8
    Others 242 8.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.5
    Christianity 1993 73.5
    Judaism 29 1.1
    Other Religious Groups 11 0.4
    No Religion 624 23.0
    Others 13 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 115 8.6
    $800-$999 131 9.8
    $1,250-$1,499 119 8.9
    $1,500-$1,999 145 10.9
    $2,500-$2,999 174 13.0
    Others 651 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1094 41.5
    Not in the labour force 890 33.8
    Employed, worked part-time 479 18.2
    Unemployed, looking for work 104 3.9
    Employed, away from work 70 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 306 18.6
    Professionals 451 27.4
    Community & personal service workers 151 9.2
    Clerical & administrative workers 215 13.1
    Sales 215 13.1
    Others 307 18.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 67 16.9
    Secondary 58 14.6
    Technical or Further Educational Institution 44 11.1
    University or other Tertiary Institutions 190 48.0
    Other type of educational institution 21 5.3
    Others 16 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2313 85.1
    Separate house 201 7.4
    Semi-detached, row or terrace house, townhouse 162 6.0
    Caravan, cabin, houseboat 41 1.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 629 44.0
    Fully owned 515 36.0
    Being purchased 279 19.5
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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