Suburb Profile Report for Petrie QLD (4502)

Petrie House: Median price $418,000, Annual capital growth 4.25%, Number of sales 144, Weekly median advertised rent $380

Petrie Unit: Median price $332,500, Annual capital growth -0.05%, Number of sales 32, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.11% which means that Petrie, 4502 has done well for property investors by showing a capital gain of 6.91% over the last year

If we look at median property appreciation over just the last three months, Petrie has given property investors a paper return of 1.21%. This puts Suburb as 320 on a list of fastest fasting appreciating suburbs in QLD

Property buyers and investors in Petrie 4502 should be seeing an average reduction in asking price of around -5.04% . This means that Petrie is holding prices well when compared to other suburbs in QLD.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 4.25%.

With a capital gain of 0.00% for the last 12 months, Petrie, 4502 has performed for property investments than its average annual -0.05% property growth over the last 5 years.

A 0.15% growth in median value for property investors in Petrie,4502 puts this suburb at number 223th in terms of best performing suburbs in QLD

Property buyers and investors in Petrie 4502 should be seeing an average reduction in asking price of around -3.57% . This means that Petrie is holding prices well when compared to other suburbs in QLD.

At number 634 in a list of fastest selling suburbs, Petrie is just in the top half of suburbs in Australia with an average of days on market 72.41 for properties listed there.

Using the current median advertised rental of $345 and the average annual increase in value of a median property of -0.05%, investors should hope to achieve an overall return of 5.40%

HOUSE UNIT
$418,000 $332,500
1.21% -0.75%
6.91% 0.00%
4.25% -0.05%
$380 $345
144 32
4.73% 5.40%
48.2 72.41

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 8499
Median household income ($/weekly) 1491
Median age of persons 34
Median housing loan repayment ($/monthly) 1870
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1265 14.9
    25-34 years 1158 13.6
    35-44 years 1312 15.4
    45-54 years 1256 14.8
    55-64 years 972 11.4
    Others 2537 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 3300 53.2
    Not Married 2212 35.7
    Defacto Relationship 690 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6676 81.1
    Papua New Guinea 389 4.7
    South Africa 83 1.0
    United Kingdom 595 7.2
    Other 175 2.1
    Others 314 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 0.9
    Christianity 5571 71.1
    Hinduism 19 0.2
    Other Religious Groups 47 0.6
    No Religion 2123 27.1
    Others 10 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 250 9.5
    $1,250-$1,499 285 10.9
    $1,500-$1,999 445 17.0
    $2,000-$2,499 356 13.6
    $2,500-$2,999 242 9.2
    Others 1044 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2912 45.7
    Not in the labour force 1626 25.5
    Employed, worked part-time 1296 20.3
    Employed, away from work 282 4.4
    Unemployed, looking for work 255 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 727 16.2
    Technicians & trades workers 725 16.2
    Community & personal service workers 454 10.1
    Clerical & administrative workers 871 19.4
    Sales 437 9.7
    Others 1274 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 113 5.5
    Infants/Primary 883 43.1
    Secondary 550 26.8
    Technical or Further Educational Institution 165 8.0
    University or other Tertiary Institutions 273 13.3
    Others 66 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7887 96.2
    Flat, unit or apartment 191 2.3
    Semi-detached, row or terrace house, townhouse 121 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1497 52.0
    Fully owned 733 25.4
    Rented 643 22.3
    Other tenure type 8 0.3
    Tenure Type
Census 2011, ABS
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