Suburb Profile Report for Banksia Beach QLD (4507)

Banksia Beach House: Median price $530,000, Annual capital growth 2.59%, Number of sales 142, Weekly median advertised rent $478

Banksia Beach Unit: Median price $345,000, Annual capital growth 0.95%, Number of sales 65, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report
  • Unit Report

Banksia Beach has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.92% to date .

A 7.07% growth in median value for property investors in Banksia Beach,4507 puts this suburb at number 428th in terms of best performing suburbs in QLD

Property buyers and investors in Banksia Beach 4507 should be seeing an average reduction in asking price of around -6.57% . This means that Banksia Beach is holding prices well when compared to other suburbs in QLD.

On average over the past year, suburb has had 11.83 sales per month, which equates to 142 per year.

QLD has seen average median house prices change by 1.70% which means that Banksia Beach, 4507 has done well for property investors by showing a capital gain of 0.00% over the last year

Taking the average capital gain, or increase in median house value, Banksia Beach,4507 has racked up an average of 0.00% over the period. This ranks it number 1523th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Banksia Beach should be aiming for at least -9.00% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Banksia Beach being $345000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 7.84%

HOUSE UNIT
$530,000 $345,000
0.09% 4.55%
3.92% 0.00%
2.59% 0.95%
$478 $520
142 65
4.68% 7.84%
91.56 114.56

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Banksia Beach QLD
Demographics
Total population 5482
Median household income ($/weekly) 975
Median age of persons 52
Median housing loan repayment ($/monthly) 1812
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 613 11.2
    35-44 years 626 11.4
    45-54 years 716 13.1
    55-64 years 1063 19.4
    65-74 years 998 18.2
    Others 1466 26.7
    Age Group
    Census Count Percent(%)
    Registered Married 2791 65.1
    Not Married 1152 26.9
    Defacto Relationship 345 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4067 77.2
    New Zealand 56 1.1
    Papua New Guinea 260 4.9
    United Kingdom 510 9.7
    Other 103 2.0
    Others 270 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 0.6
    Christianity 3980 79.0
    Islam 9 0.2
    Other Religious Groups 14 0.3
    No Religion 997 19.8
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 265 13.7
    $600-$799 257 13.3
    $800-$999 239 12.4
    $1,250-$1,499 168 8.7
    $1,500-$1,999 204 10.6
    Others 797 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2314 51.5
    Employed, worked full-time 1164 25.9
    Employed, worked part-time 752 16.7
    Unemployed, looking for work 139 3.1
    Employed, away from work 123 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 306 15.0
    Professionals 354 17.4
    Technicians & trades workers 294 14.5
    Clerical & administrative workers 308 15.1
    Sales 259 12.7
    Others 513 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 41 4.4
    Infants/Primary 424 45.1
    Secondary 282 30.0
    Technical or Further Educational Institution 65 6.9
    University or other Tertiary Institutions 101 10.7
    Others 28 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4922 93.8
    Semi-detached, row or terrace house, townhouse 309 5.9
    Flat, unit or apartment 9 0.2
    Caravan, cabin, houseboat 7 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1054 50.1
    Being purchased 603 28.7
    Rented 436 20.7
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals