Suburb Profile Report for Banksia Beach QLD (4507)

Banksia Beach House: Median price $543,500, Annual capital growth 2.90%, Number of sales 150, Weekly median advertised rent $470

Banksia Beach Unit: Median price $361,000, Annual capital growth 2.03%, Number of sales 63, Weekly median advertised rent $495

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Banksia Beach, 4507 have given investors a capital gain of 6.57%. This compares favourably with the 2.11% 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 Banksia Beach has increased when compared to the 5 year average annual rate.

Property buyers and investors in Banksia Beach 4507 should be seeing an average reduction in asking price of around -6.09% . This means that Banksia Beach is holding prices well when compared to other suburbs in QLD.

Renters in Suburb are facing rents around $5640 per annum or $470 every week.

Property value increases in Banksia Beach have tracked just higher than the QLD average of 1.12% over the last 12 months.

Banksia Beach,4507 has offered an average of 6.49% return per annum in house price rises to property investors over the last three 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 -8.55% is being offered, which puts this QLD suburb at 125th most discounted overall in Australia.

Often selling an investment property can take time, and in Banksia Beach the average time real estate has been on the market is 113.51 days.

Banksia Beach is 22th on a list of best yielding suburbs for rents in QLD with a 7.13% return

HOUSE UNIT
$543,500 $361,000
2.64% 11.42%
6.57% 6.49%
2.90% 2.03%
$470 $495
150 63
4.50% 7.13%
99.26 113.51

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (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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Recent sales & rentals