Suburb Profile Report for Gympie QLD (4570)

Gympie House: Median price $251,000, Annual capital growth 0.66%, Number of sales 277, Weekly median advertised rent $280

Gympie Unit: Median price $237,500, Annual capital growth -0.71%, Number of sales 18, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Gympie, 4570 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 4.58%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gympie has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -7.13% to buyers in Gympie at the moment, which is less than average for the rest of QLD.

Advertised rents are around the $280 mark per week – giving a return of 5.80% based on the median price in Suburb

QLD has seen average median house prices change by 0.15% which means that Gympie, 4570 has done well for property investors by showing a capital gain of 2.37% over the last year

Taking the average capital gain, or increase in median house value, Gympie,4570 has racked up an average of 2.37% over the period. This ranks it number 1510th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Gympie are currently offering property investors an average price cut of -4.30% below the asking price at the moment.

Often selling an investment property can take time, and in Gympie the average time real estate has been on the market is 77.1 days.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of -0.71%, investors should hope to achieve an overall return of 5.69%

Metrics i HOUSE UNIT
$251,000 $237,500
1.01% 2.37%
4.58% 2.37%
0.66% -0.71%
$280 $260
277 18
5.80% 5.69%
94.17 77.1

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 10156
Median household income ($/weekly) 744
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1368 13.5
    25-34 years 1161 11.4
    35-44 years 1150 11.3
    45-54 years 1162 11.4
    55-64 years 1155 11.4
    Others 4161 41.0
    Age Group
    Census Count Percent(%)
    Not Married 3359 47.3
    Registered Married 3002 42.3
    Defacto Relationship 736 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8459 90.4
    Papua New Guinea 168 1.8
    Philippines 61 0.7
    United Kingdom 312 3.3
    Other 110 1.2
    Others 243 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 102 1.2
    Christianity 6199 70.1
    Islam 31 0.4
    Other Religious Groups 60 0.7
    No Religion 2440 27.6
    Others 11 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 512 13.8
    $400-$599 680 18.4
    $600-$799 523 14.1
    $800-$999 404 10.9
    $1,000-$1,249 345 9.3
    Others 1236 33.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3354 45.6
    Employed, worked full-time 2035 27.7
    Employed, worked part-time 1342 18.2
    Unemployed, looking for work 381 5.2
    Employed, away from work 243 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 493 13.6
    Technicians & trades workers 551 15.2
    Community & personal service workers 449 12.4
    Clerical & administrative workers 413 11.4
    Labourers 613 16.9
    Others 1104 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 89 4.4
    Infants/Primary 916 45.4
    Secondary 570 28.3
    Technical or Further Educational Institution 252 12.5
    University or other Tertiary Institutions 127 6.3
    Others 62 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8463 90.7
    Flat, unit or apartment 568 6.1
    Semi-detached, row or terrace house, townhouse 231 2.5
    Caravan, cabin, houseboat 43 0.5
    House or flat attached to a shop, office 27 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1574 39.8
    Fully owned 1337 33.8
    Being purchased 1026 26.0
    Other tenure type 16 0.4
    Tenure Type
Census 2011, ABS
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