Suburb Profile Report for Kearneys Spring QLD (4350)

Kearneys Spring House: Median price $387,000, Annual capital growth 3.29%, Number of sales 134, Weekly median advertised rent $338

Kearneys Spring Unit: Median price $290,000, Annual capital growth 3.52%, Number of sales 61, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 4.88% for the last year, Kearneys Spring, 4350 is the 2016th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Kearneys Spring has given property investors a paper return of -0.77%. This puts Suburb as 603 on a list of fastest fasting appreciating suburbs in QLD

Sellers are offering property buyers an average discount of -4.54% to buyers in Kearneys Spring at the moment, which is less than average for the rest of QLD.

Residents and property investors in Kearneys Spring have been waiting around 71.69 days to sell a property.

Using the current median advertised rental of $337.5 and the average annual increase in value of a median property of 3.29%, investors should hope to achieve an overall return of 4.53%

At number 1521th in the list of Australian suburbs ordered by increase in median house value over the last year, Kearneys Spring, 4350 is in the BOTTOM 20% with a property value increase of -7.79% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Kearneys Spring comes in at number 243th in QLD.

Kearneys Spring4350 is located in QLD which offers an average discount of -6.14% to property investors. Kearneys Spring itself is showing figures that indicate -6.59% is the average achievable by property buyers investing in the suburb.

At number 1218 in a list of fastest selling suburbs, Kearneys Spring is in the bottom 20% of suburbs in Australia with an average of days on market 107.93 for properties listed there.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

HOUSE UNIT
$387,000 $290,000
-0.77% -3.33%
4.88% -7.79%
3.29% 3.52%
$338 $280
134 61
4.53% 5.02%
71.69 107.93

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 7347
Median household income ($/weekly) 939
Median age of persons 35
Median housing loan repayment ($/monthly) 1424
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 830 11.3
    25-34 years 1210 16.5
    35-44 years 775 10.5
    45-54 years 730 9.9
    55-64 years 783 10.7
    Others 3021 41.1
    Age Group
    Census Count Percent(%)
    Registered Married 2393 46.5
    Not Married 2341 45.4
    Defacto Relationship 417 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5477 80.5
    Indonesia 94 1.4
    Papua New Guinea 125 1.8
    United Kingdom 229 3.4
    Other 443 6.5
    Others 439 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.4
    Christianity 5127 77.9
    Hinduism 81 1.2
    Islam 215 3.3
    No Religion 1037 15.7
    Others 32 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 408 15.5
    $600-$799 334 12.7
    $800-$999 256 9.7
    $1,000-$1,249 271 10.3
    $1,500-$1,999 319 12.1
    Others 1039 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2209 40.2
    Employed, worked full-time 1981 36.1
    Employed, worked part-time 957 17.4
    Unemployed, looking for work 175 3.2
    Employed, away from work 170 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 592 19.0
    Technicians & trades workers 445 14.3
    Community & personal service workers 358 11.5
    Clerical & administrative workers 486 15.6
    Labourers 396 12.7
    Others 832 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 78 4.6
    Infants/Primary 551 32.8
    Secondary 343 20.4
    Technical or Further Educational Institution 127 7.6
    University or other Tertiary Institutions 526 31.3
    Others 57 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4523 68.5
    Flat, unit or apartment 1412 21.4
    Semi-detached, row or terrace house, townhouse 596 9.0
    Caravan, cabin, houseboat 73 1.1
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1207 42.9
    Fully owned 822 29.2
    Being purchased 670 23.8
    Other tenure type 113 4.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals