Suburb Profile Report for Pacific Paradise QLD (4564)

Pacific Paradise House: Median price $427,500, Annual capital growth 1.78%, Number of sales 42, Weekly median advertised rent $450

Pacific Paradise Unit: Median price $316,500, Annual capital growth 3.02%, Number of sales 17, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Pacific Paradise, 4564 have given investors a capital gain of 3.01%. This compares averagely with the 2.41% 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 Pacific Paradise has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -4.55% to buyers in Pacific Paradise at the moment, which is less than average for the rest of QLD.

At number 1366 in a list of fastest selling suburbs, Pacific Paradise is in the TOP 40% of suburbs in Australia with an average of days on market 67.12 for properties listed there.

With the median price for a house in Pacific Paradise being $427500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.47%

Investment property in Pacific Paradise has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.43%

When looking at the potential capital gains offered to property investors over the last 3 years, Pacific Paradise comes in at number 95th in QLD.

At number 198th of QLD’s most discounted properties, Pacific Paradise is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Pacific Paradise have been waiting around 84 days to sell a property.

Using the current median advertised rental of $325 and the average annual increase in value of a median property of 3.02%, investors should hope to achieve an overall return of 5.34%

Metrics i HOUSE UNIT
$427,500 $316,500
1.79% 0.80%
3.01% 2.43%
1.78% 3.02%
$450 $325
42 17
5.47% 5.34%
67.12 84

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2168
Median household income ($/weekly) 949
Median age of persons 33
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 305 14.1
    25-34 years 332 15.3
    35-44 years 328 15.1
    45-54 years 283 13.1
    55-64 years 242 11.2
    Others 678 31.3
    Age Group
    Census Count Percent(%)
    Not Married 724 46.8
    Registered Married 610 39.4
    Defacto Relationship 214 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1726 82.5
    Papua New Guinea 115 5.5
    South Africa 18 0.9
    United Kingdom 112 5.4
    Other 36 1.7
    Others 86 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 1.2
    Christianity 1282 65.1
    Hinduism 8 0.4
    Judaism 6 0.3
    No Religion 646 32.8
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 99 13.2
    $600-$799 100 13.3
    $800-$999 99 13.2
    $1,000-$1,249 91 12.1
    $1,500-$1,999 86 11.5
    Others 275 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 559 34.7
    Not in the labour force 524 32.6
    Employed, worked part-time 375 23.3
    Unemployed, looking for work 92 5.7
    Employed, away from work 59 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 122 12.2
    Technicians & trades workers 234 23.5
    Community & personal service workers 125 12.6
    Sales 120 12.0
    Labourers 120 12.0
    Others 275 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.2
    Infants/Primary 211 42.5
    Secondary 122 24.6
    Technical or Further Educational Institution 55 11.1
    University or other Tertiary Institutions 58 11.7
    Others 24 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1571 76.0
    Semi-detached, row or terrace house, townhouse 268 13.0
    Flat, unit or apartment 223 10.8
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 345 42.2
    Rented 300 36.7
    Fully owned 172 21.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals