Suburb Profile Report for Roma QLD (4455)

Roma House: Median price $250,000, Annual capital growth 2.04%, Number of sales 45, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Expert Report

Roma has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -16.67% to date .

Roma,4455 was ranked 2600 in Australia by increase in median property value over the quarter.

Property buyers and investors in Roma 4455 should be seeing an average reduction in asking price of around -17.50% . This means that Roma is holding prices well when compared to other suburbs in QLD.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 2.04%.

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Raine & Horne Roma principal Peter Holland notes that, in stark contrast to Brisbane’s slow market conditions, interest in the Roma property scene has seen a real spike in recent months.Full summary

Raine & Horne Roma principal Peter Holland notes that, in stark contrast to Brisbane’s slow market conditions, interest in the Roma property scene has seen a real spike in recent months.

“The real estate climate in Roma started changing in late May,” he says. “This has led to more telephone, walk in and email enquiries over the last five weeks than we have had in the previous 12 months, and as a result many buyers are now making moves to secure properties.”

The main economic driver here is the resources industry (Roma is within 200km of the much talked about resource-driven markets of Chinchilla and Miles for example), and Holland believes that boom times in the Surat Basin are already starting to fuel demand for property in his area.

“The resource industry is gearing up for the harvesting of huge coal and gas reserves in the Surat Basin, and this has seen mining companies purchase residential properties for their employees, as well as commercial and industrial sites,” he adds. “Also, cashed-up young people working in the resource industry are now well positioned to upgrade their homes.”

 

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Metrics i HOUSE UNIT
$250,000 N/A
0.00% N/A
-16.67% N/A
2.04% N/A
$250 N/A
45 N/A
5.20% N/A
168.89 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 6905
Median household income ($/weekly) 1400
Median age of persons 32
Median housing loan repayment ($/monthly) 1500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1033 15.0
    25-34 years 1141 16.5
    35-44 years 999 14.5
    45-54 years 837 12.1
    55-64 years 631 9.1
    Others 2264 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 1998 47.3
    Not Married 1571 37.2
    Defacto Relationship 658 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5589 91.3
    Papua New Guinea 89 1.5
    Philippines 151 2.5
    United Kingdom 67 1.1
    Other 60 1.0
    Others 164 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 0.4
    Christianity 4917 82.2
    Hinduism 17 0.3
    Other Religious Groups 7 0.1
    No Religion 1012 16.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 178 9.2
    $1,000-$1,249 183 9.5
    $1,250-$1,499 163 8.4
    $1,500-$1,999 310 16.0
    $2,000-$2,499 223 11.5
    Others 875 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2448 51.7
    Not in the labour force 1155 24.4
    Employed, worked part-time 783 16.6
    Employed, away from work 244 5.2
    Unemployed, looking for work 101 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 389 11.2
    Professionals 506 14.5
    Technicians & trades workers 622 17.9
    Clerical & administrative workers 545 15.7
    Labourers 390 11.2
    Others 1026 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 71 5.4
    Infants/Primary 590 45.0
    Secondary 390 29.7
    Technical or Further Educational Institution 137 10.5
    University or other Tertiary Institutions 99 7.6
    Others 24 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5379 93.9
    Flat, unit or apartment 250 4.4
    Semi-detached, row or terrace house, townhouse 69 1.2
    Caravan, cabin, houseboat 24 0.4
    Improvised home, tent, sleepers out 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 901 41.0
    Being purchased 695 31.7
    Fully owned 588 26.8
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals