Suburb Profile Report for Mount Lofty QLD (4350)

Mount Lofty House: Median price $443,500, Annual capital growth 4.98%, Number of sales 86, Weekly median advertised rent $340

Mount Lofty Unit: Median price $440,000, Annual capital growth 13.20%, Number of sales 11, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of -7.89% for the last 12 months, Mount Lofty, 4350 has performed for property investments than its average annual 4.98% property growth over the last 5 years.

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

Our latest figures would indicate that property sellers in Mount Lofty are currently offering property investors an average price cut of -6.44% below the asking price at the moment.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

Giving property investors a an average capital gain of 4.39% for the last year, Mount Lofty, 4350 is the 737th highest performer in Australia in this respect.

The most recent median price for Mount Lofty is $440000, with sellers offering an average of -6.01% off the asking price.

Mount Lofty is 369th on a list of best yielding suburbs for rents in QLD with a 2.95% return

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
$443,500 $440,000
-0.78% N/A
-7.89% 4.39%
4.98% 13.20%
$340 $250
86 11
3.99% 2.95%
89.51 97.18

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (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