Suburb Profile Report for Tin Can Bay QLD (4580)

Tin Can Bay House: Median price $323,750, Annual capital growth 0.39%, Number of sales 56, Weekly median advertised rent $290

Tin Can Bay Unit: Median price $211,500, Annual capital growth -23.09%, Number of sales 10, Weekly median advertised rent $225

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Tin Can Bay, 4580 should be ok 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 6.94%

Tin Can Bay,4580 has offered an average of 6.94% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Tin Can Bay should be aiming for at least -8.34% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Tin Can Bay have been waiting around 160.16 days to sell a property.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 0.39%.

Investment property in Tin Can Bay 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 -23.09%

With the median price for a house in Tin Can Bay being $211500 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 5.53%

Metrics i HOUSE UNIT
$323,750 $211,500
3.60% N/A
6.94% -23.09%
0.39% -23.09%
$290 $225
56 10
4.66% 5.53%
160.16 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 1993
Median household income ($/weekly) 578
Median age of persons 58
Median housing loan repayment ($/monthly) 1300
Average household size 1.9
  • Census Count Percent(%)
    5-14 years 166 8.3
    45-54 years 259 13.0
    55-64 years 445 22.3
    65-74 years 437 21.9
    75-84 years 195 9.8
    Others 491 24.6
    Age Group
    Census Count Percent(%)
    Registered Married 797 53.3
    Not Married 593 39.6
    Defacto Relationship 106 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1574 85.3
    Greece 21 1.1
    Papua New Guinea 49 2.7
    United Kingdom 119 6.4
    Other 25 1.4
    Others 57 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 1256 73.4
    No Religion 430 25.1
    Buddhism 19 1.1
    Other Religious Groups 6 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 48 5.9
    $300-$399 124 15.2
    $400-$599 211 25.8
    $600-$799 146 17.8
    $800-$999 93 11.4
    Others 196 24.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1107 68.4
    Employed, worked full-time 219 13.5
    Employed, worked part-time 199 12.3
    Unemployed, looking for work 59 3.6
    Employed, away from work 35 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 49 10.8
    Professionals 54 11.9
    Technicians & trades workers 85 18.8
    Sales 61 13.5
    Labourers 85 18.8
    Others 119 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 4 2.0
    Infants/Primary 99 48.3
    Secondary 71 34.6
    Technical or Further Educational Institution 21 10.2
    University or other Tertiary Institutions 6 2.9
    Others 4 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1389 78.8
    Flat, unit or apartment 198 11.2
    Caravan, cabin, houseboat 136 7.7
    Semi-detached, row or terrace house, townhouse 32 1.8
    House or flat attached to a shop, office 8 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 423 49.1
    Rented 320 37.2
    Being purchased 109 12.7
    Other tenure type 9 1.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals