Suburb Profile Report for Petrie QLD (4502)

Petrie House: Median price $422,750, Annual capital growth 3.14%, Number of sales 156, Weekly median advertised rent $390

Petrie Unit: Median price $324,000, Annual capital growth -0.32%, Number of sales 37, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2858th in the list of Australian suburbs ordered by increase in median house value over the last year, Petrie, 4502 is in the BOTTOM 40% with a property value increase of 1.87% recorded in median house prices.

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

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.84% offered to property buyers. Sellers in Petrie itself are offering an average vendor discount of -3.82% to real estate investors.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

Over the last year, property investments in Petrie, 4502 have given investors a capital gain of -2.99%. This compares badly with the -0.06% for QLD as a whole.

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

The most recent median price for Petrie is $324000, with sellers offering an average of -4.44% off the asking price.

A $335 per week rent on the median house gives suburb investors a gross yield of circa 5.38%, without taking into account capital value appreciation, which has been averaging out at -0.32%.

Metrics i HOUSE UNIT
$422,750 $324,000
1.14% -1.89%
1.87% -2.99%
3.14% -0.32%
$390 $335
156 37
4.80% 5.38%
39.11 87.83

Source: CoreLogic

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