Suburb Profile Report for Banksia Beach QLD (4507)

Banksia Beach House: Median price $539,000, Annual capital growth 2.56%, Number of sales 145, Weekly median advertised rent $465

Banksia Beach Unit: Median price $407,000, Annual capital growth 3.49%, Number of sales 43, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 1.70% for the last year, Banksia Beach, 4507 is the 2715th highest performer in Australia in this respect.

Across a shorter period, Banksia Beach, 4507 has seen a median price increase of -1.10% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Banksia Beach itself are offering an average vendor discount of -5.44% to real estate investors.

A $465 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 2.56%.

With a capital gain of 23.33% for the last 12 months, Banksia Beach, 4507 has performed for property investments than its average annual 3.49% property growth over the last 5 years.

The five-year average increase in median property values for Banksia Beach,4507 has given property investors a potential capital gain of 32.57% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Banksia Beach, 4507. Typically our figures indicate that -8.46% is being offered, which puts this QLD suburb at 146th most discounted overall in Australia.

Metrics i HOUSE UNIT
$539,000 $407,000
-1.10% 11.51%
1.70% 23.33%
2.56% 3.49%
$465 $460
145 43
4.49% 5.88%
91.86 118.19

Source: CoreLogic

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