Suburb Profile Report for Mount Lofty QLD (4350)

Mount Lofty House: Median price $450,000, Annual capital growth 4.43%, Number of sales 88, Weekly median advertised rent $348

Mount Lofty Unit: Median price $399,500, Annual capital growth 11.87%, Number of sales 16, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3460th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Lofty, 4350 is in the BOTTOM 20% with a property value increase of -3.85% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Mount Lofty,4350 has racked up an average of -3.85% over the period. This ranks it number 1880th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Mount Lofty is offering property investors an average of -7.16. This rate of discount on properties puts Suburb at number 470th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Mount Lofty the average time real estate has been on the market is 75.41 days.

Renters in Suburb are facing rents around $4170 per annum or $347.5 every week.

Property value increases in Mount Lofty have tracked just lower than the QLD average of 0.48% over the last 12 months.

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

Mount Lofty4350 is located in QLD which offers an average discount of -6.15% to property investors. Mount Lofty itself is showing figures that indicate -9.27% is the average achievable by property buyers investing in the suburb.

The QLD suburb of Mount Lofty, 4350 is in the Toowoomba local government area.

YIP MAG Information supplied by:

YIP MAG
June 2016

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In Toowoomba’s northeast, Mount Lofty has seen some lofty house price growth in recent years.Full summary In Toowoomba’s northeast, Mount Lofty has seen some lofty house price growth in recent years.

Over the past three years the median house price has increased 44%, while it’s risen 46% in the last five.

Despite that strong growth, houses in Mount Lofty are still relatively affordable, with the median house price sitting at $483,000.

Houses in the suburb are spending an average of 59 days on the market, and vendors are willing to offer an average discount of 5% to see a sale through.

Mount Lofty is just a short drive from the centre of Toowomba, which offers public transport options, and there are also two hospitals within 10km.

Houses in Mount Lofty are currently returning a rental yield of 4%, and the vacancy rate is a healthy 2.51%.Close
Metrics i HOUSE UNIT
$450,000 $399,500
0.56% -2.44%
-3.85% -5.05%
4.43% 11.87%
$348 $250
88 16
4.02% 3.25%
75.41 86.64

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 3847
Median household income ($/weekly) 1386
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 595 15.5
    25-34 years 341 8.9
    35-44 years 504 13.1
    45-54 years 567 14.7
    55-64 years 439 11.4
    Others 1400 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 1451 54.9
    Not Married 1003 37.9
    Defacto Relationship 189 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3251 88.4
    Papua New Guinea 72 2.0
    South Africa 42 1.1
    United Kingdom 132 3.6
    Other 70 1.9
    Others 109 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.6
    Christianity 2881 81.0
    Islam 3 0.1
    Other Religious Groups 24 0.7
    No Religion 622 17.5
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 108 8.6
    $600-$799 121 9.6
    $1,250-$1,499 108 8.6
    $1,500-$1,999 163 13.0
    $2,000-$2,499 126 10.0
    Others 630 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1174 41.1
    Not in the labour force 968 33.9
    Employed, worked part-time 551 19.3
    Employed, away from work 93 3.3
    Unemployed, looking for work 68 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 250 13.8
    Professionals 577 31.8
    Technicians & trades workers 225 12.4
    Community & personal service workers 176 9.7
    Clerical & administrative workers 221 12.2
    Others 364 20.1
    Occupation
    Census Count Percent(%)
    Pre-school 43 4.1
    Infants/Primary 372 35.5
    Secondary 386 36.8
    Technical or Further Educational Institution 68 6.5
    University or other Tertiary Institutions 158 15.1
    Others 22 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3272 94.9
    Semi-detached, row or terrace house, townhouse 97 2.8
    Flat, unit or apartment 80 2.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 544 39.8
    Being purchased 498 36.4
    Rented 320 23.4
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals