Suburb Profile Report for Avenell Heights QLD (4670)

Avenell Heights House: Median price $256,500, Annual capital growth 0.93%, Number of sales 58, Weekly median advertised rent $290

Avenell Heights Unit: Median price $242,250, Annual capital growth 0.96%, Number of sales 20, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Avenell Heights is in the bottom 20% in QLD when comparing median price capital growth over the last year. Avenell Heights gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.20%.

Taking the average capital gain, or increase in median house value, Avenell Heights,4670 has racked up an average of -9.20% over the period. This ranks it number 3884th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Avenell Heights is offering property investors an average of -7.24. This rate of discount on properties puts Suburb at number 471th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Avenell Heights the average time real estate has been on the market is 70.43 days.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

Property value increases in Avenell Heights have tracked close to the QLD average of 0.65% over the last 12 months.

Across a shorter period, Avenell Heights, 4670 has seen a median price increase of -0.72% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Avenell Heights, 4670. Typically our figures indicate that -7.34% is being offered, which puts this QLD suburb at 242th most discounted overall in Australia.

In the last year 20 properties changed hands in Avenell Heights, which puts it as the 297th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 0.96%, investors should hope to achieve an overall return of 5.58%

Metrics i HOUSE UNIT
$256,500 $242,250
1.38% -0.72%
-9.20% 0.94%
0.93% 0.96%
$290 $260
58 20
5.88% 5.58%
70.43 146.38

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 5164
Median household income ($/weekly) 795
Median age of persons 41
Median housing loan repayment ($/monthly) 1350
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 700 13.6
    35-44 years 637 12.3
    45-54 years 654 12.7
    55-64 years 607 11.8
    65-74 years 556 10.8
    Others 2010 38.9
    Age Group
    Census Count Percent(%)
    Registered Married 1777 47.9
    Not Married 1601 43.2
    Defacto Relationship 330 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4432 90.5
    Papua New Guinea 73 1.5
    Philippines 33 0.7
    United Kingdom 165 3.4
    Other 52 1.1
    Others 142 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.4
    Christianity 3685 77.9
    Hinduism 10 0.2
    Islam 18 0.4
    No Religion 989 20.9
    Others 9 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 189 10.6
    $400-$599 305 17.1
    $600-$799 269 15.1
    $800-$999 172 9.7
    $1,500-$1,999 181 10.2
    Others 664 37.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1816 46.0
    Employed, worked full-time 1172 29.7
    Employed, worked part-time 657 16.7
    Unemployed, looking for work 199 5.0
    Employed, away from work 100 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 304 15.8
    Technicians & trades workers 288 14.9
    Clerical & administrative workers 264 13.7
    Sales 260 13.5
    Labourers 241 12.5
    Others 572 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 45 4.3
    Infants/Primary 482 46.2
    Secondary 321 30.8
    Technical or Further Educational Institution 77 7.4
    University or other Tertiary Institutions 80 7.7
    Others 38 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4153 87.1
    Semi-detached, row or terrace house, townhouse 345 7.2
    Flat, unit or apartment 272 5.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 730 37.7
    Fully owned 674 34.8
    Being purchased 527 27.2
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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