Suburb Profile Report for Pacific Paradise QLD (4564)

Pacific Paradise House: Median price $430,000, Annual capital growth 3.70%, Number of sales 33, Weekly median advertised rent $400

Pacific Paradise Unit: Median price $315,500, Annual capital growth 4.87%, Number of sales 17, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Pacific Paradise have tracked just higher than the QLD average of 1.98% over the last 12 months.

Across a shorter period, Pacific Paradise, 4564 has seen a median price increase of 1.18% 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 -7.32% offered to property buyers. Sellers in Pacific Paradise itself are offering an average vendor discount of -3.51% to real estate investors.

At number 944 in a list of fastest selling suburbs, Pacific Paradise is in the TOP 30% of suburbs in Australia with an average of days on market 60.09 for properties listed there.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.84%, without taking into account capital value appreciation, which has been averaging out at 3.70%.

Property investors who have had real estate in Pacific Paradise, 4564 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.95%

Comparing Pacific Paradise,4564 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Pacific Paradise4564 is located in QLD which offers an average discount of -5.98% to property investors. Pacific Paradise itself is showing figures that indicate -5.72% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Pacific Paradise the average time real estate has been on the market is 71.62 days.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.27%, without taking into account capital value appreciation, which has been averaging out at 4.87%.

HOUSE UNIT
$430,000 $315,500
1.18% 2.44%
7.50% 6.95%
3.70% 4.87%
$400 $320
33 17
4.84% 5.27%
60.09 71.62

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Pacific Paradise QLD
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
Chart Table
Recent sales & rentals