Suburb Profile Report for Pacific Paradise QLD (4564)

Pacific Paradise House: Median price $425,000, Annual capital growth 1.83%, Number of sales 40, Weekly median advertised rent $440

Pacific Paradise Unit: Median price $317,000, Annual capital growth 5.17%, Number of sales 16, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Pacific Paradise, 4564 ranked 475th in QLD when comparing growth in median property values or capital gain over the last 12 months. Pacific Paradise is one of 2415 in our list for QLD

If we look at median property appreciation over just the last three months, Pacific Paradise has given property investors a paper return of -0.58%. This puts Suburb as 583 on a list of fastest fasting appreciating suburbs in QLD

The most recent median price for Pacific Paradise is $425000, with sellers offering an average of -4.63% off the asking price.

At number 1365 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 67.84 for properties listed there.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.38%, without taking into account capital value appreciation, which has been averaging out at 1.83%.

If you compare the increase in value of investment property in Pacific Paradise, 4564 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.59%.

When looking at the potential capital gains offered to property investors over the last 3 years, Pacific Paradise comes in at number 96th in QLD.

Property investors looking for a bargain in Pacific Paradise should be aiming for at least -5.12% off the asking price, which is the average vendor discount being achieved at the moment.

At number 802 in a list of fastest selling suburbs, Pacific Paradise is just in the bottom half of suburbs in Australia with an average of days on market 81.25 for properties listed there.

Property investors should expect to get $320 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$425,000 $317,000
-0.58% 1.60%
2.41% 2.59%
1.83% 5.17%
$440 $320
40 16
5.38% 5.25%
67.84 81.25

Source: CoreLogic

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