Suburb Profile Report for Harristown QLD (4350)

Harristown House: Median price $315,000, Annual capital growth 3.37%, Number of sales 143, Weekly median advertised rent $300

Harristown Unit: Median price $291,250, Annual capital growth 4.63%, Number of sales 47, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Harristown, 4350 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.56%

Comparing Harristown,4350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

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 Harristown, 4350. Typically our figures indicate that -6.77% is being offered, which puts this QLD suburb at 1310th most discounted overall in Australia.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.37%, investors should hope to achieve an overall return of 4.95%

At number 758th in the list of Australian suburbs ordered by increase in median house value over the last year, Harristown, 4350 is in the top half with a property value increase of 4.02% recorded in median house prices.

A 45.63% growth in median value for property investors in Harristown,4350 puts this suburb at number 305th in terms of best performing suburbs in QLD

Sellers are offering property buyers an average discount of -9.52% to buyers in Harristown at the moment, which is less than average for the rest of QLD.

Often selling an investment property can take time, and in Harristown the average time real estate has been on the market is 109.92 days.

With the median price for a house in Harristown being $291250 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.00%

Metrics i HOUSE UNIT
$315,000 $291,250
0.67% -3.54%
-1.56% 4.02%
3.37% 4.63%
$300 $280
143 47
4.95% 5.00%
85.81 109.92

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 8490
Median household income ($/weekly) 830
Median age of persons 37
Median housing loan repayment ($/monthly) 1404
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 946 11.1
    25-34 years 1156 13.6
    35-44 years 920 10.8
    45-54 years 883 10.4
    55-64 years 801 9.4
    Others 3784 44.6
    Age Group
    Census Count Percent(%)
    Not Married 2785 46.7
    Registered Married 2601 43.6
    Defacto Relationship 576 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6900 89.3
    Papua New Guinea 119 1.5
    Philippines 63 0.8
    United Kingdom 180 2.3
    Other 242 3.1
    Others 225 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.6
    Christianity 6213 81.6
    Islam 61 0.8
    Other Religious Groups 22 0.3
    No Religion 1251 16.4
    Others 26 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 391 12.9
    $400-$599 502 16.6
    $600-$799 406 13.4
    $1,000-$1,249 311 10.3
    $1,500-$1,999 342 11.3
    Others 1074 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2738 43.5
    Employed, worked full-time 2113 33.6
    Employed, worked part-time 1020 16.2
    Employed, away from work 211 3.4
    Unemployed, looking for work 207 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 526 15.7
    Technicians & trades workers 556 16.6
    Community & personal service workers 401 12.0
    Clerical & administrative workers 436 13.0
    Labourers 489 14.6
    Others 933 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 79 4.6
    Infants/Primary 590 34.6
    Secondary 502 29.5
    Technical or Further Educational Institution 158 9.3
    University or other Tertiary Institutions 309 18.1
    Others 66 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5900 77.7
    Flat, unit or apartment 946 12.5
    Semi-detached, row or terrace house, townhouse 674 8.9
    House or flat attached to a shop, office 43 0.6
    Caravan, cabin, houseboat 32 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1190 36.5
    Fully owned 1003 30.7
    Being purchased 900 27.6
    Other tenure type 171 5.2
    Tenure Type
Census 2011, ABS
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