Suburb Profile Report for Kearneys Spring QLD (4350)

Kearneys Spring House: Median price $382,500, Annual capital growth 3.47%, Number of sales 134, Weekly median advertised rent $340

Kearneys Spring Unit: Median price $309,000, Annual capital growth 3.69%, Number of sales 62, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Kearneys Spring has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.66% to date .

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

Our latest figures would indicate that property sellers in Kearneys Spring are currently offering property investors an average price cut of -4.36% below the asking price at the moment.

At number 1035th in the list of Australian suburbs ordered by increase in median house value over the last year, Kearneys Spring, 4350 is in the BOTTOM 50% with a property value increase of 1.31% recorded in median house prices.

Over the longer term, Kearneys Spring has seen property prices show investors a 13.60% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Kearneys Spring are currently offering property investors an average price cut of -6.76% below the asking price at the moment.

Kearneys Spring, 4350’s gross rental yield is 4.80%

HOUSE UNIT
$382,500 $309,000
1.06% -0.88%
3.66% 1.31%
3.47% 3.69%
$340 $285
134 62
4.62% 4.80%
64.07 109.91

Source: CoreLogic

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