Suburb Profile Report for Minyama QLD (4575)

Minyama House: Median price $865,000, Annual capital growth 0.54%, Number of sales 58, Weekly median advertised rent $580

Minyama Unit: Median price $326,000, Annual capital growth 2.34%, Number of sales 33, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Minyama is in the bottom 20% in QLD when comparing median price capital growth over the last year. Minyama gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.95%.

Across a shorter period, Minyama, 4575 has seen a median price increase of 3.28% over the last quarter.

Property investors looking for a bargain in Minyama should be aiming for at least -3.74% off the asking price, which is the average vendor discount being achieved at the moment.

A $580 per week rent on the median house gives suburb investors a gross yield of circa 3.49%, without taking into account capital value appreciation, which has been averaging out at 0.54%.

Investment property in Minyama has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.64%

Minyama,4575 has offered an average of -5.64% return per annum in house price rises to property investors over the last three years.

At number 274th of QLD’s most discounted properties, Minyama is in the TOP 20% of the state/territory when listing in order of most discounted to least.

At number 305 in a list of fastest selling suburbs, Minyama is in the TOP 30% of suburbs in Australia with an average of days on market 54.03 for properties listed there.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

Metrics i HOUSE UNIT
$865,000 $326,000
3.28% N/A
-8.95% -5.64%
0.54% 2.34%
$580 $370
58 33
3.49% 5.90%
98.36 54.03

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2485
Median household income ($/weekly) 1001
Median age of persons 50
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 242 9.7
    35-44 years 235 9.5
    45-54 years 447 18.0
    55-64 years 388 15.6
    65-74 years 340 13.7
    Others 832 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 1091 53.8
    Not Married 775 38.2
    Defacto Relationship 161 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1782 73.8
    Papua New Guinea 204 8.4
    South Africa 34 1.4
    United Kingdom 191 7.9
    Other 50 2.1
    Others 155 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 1.4
    Christianity 1784 75.8
    Hinduism 15 0.6
    Islam 12 0.5
    No Religion 498 21.2
    Others 12 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 92 9.5
    $400-$599 125 13.0
    $600-$799 97 10.1
    $800-$999 89 9.2
    $1,500-$1,999 97 10.1
    Others 465 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 902 43.1
    Employed, worked full-time 661 31.6
    Employed, worked part-time 387 18.5
    Unemployed, looking for work 78 3.7
    Employed, away from work 66 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 17.9
    Professionals 202 18.1
    Technicians & trades workers 141 12.6
    Clerical & administrative workers 183 16.4
    Sales 143 12.8
    Others 247 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 19 4.3
    Infants/Primary 138 30.9
    Secondary 169 37.9
    Technical or Further Educational Institution 37 8.3
    University or other Tertiary Institutions 71 15.9
    Others 12 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1898 78.7
    Semi-detached, row or terrace house, townhouse 363 15.0
    Flat, unit or apartment 148 6.1
    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(%)
    Fully owned 525 49.8
    Being purchased 287 27.2
    Rented 243 23.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals