Suburb Profile Report for Elliott Heads QLD (4670)

Elliott Heads House: Median price $290,000, Annual capital growth 1.46%, Number of sales 33, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of -7.94% for the last 12 months, Elliott Heads, 4670 has performed for property investments than its average annual 1.46% property growth over the last 5 years.

A 13.73% growth in median value for property investors in Elliott Heads,4670 puts this suburb at number 753th in terms of best performing suburbs in QLD

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.05% offered to property buyers. Sellers in Elliott Heads itself are offering an average vendor discount of -7.77% to real estate investors.

Residents and property investors in Elliott Heads have been waiting around 132.27 days to sell a property.

Elliott Heads is 374th on a list of best yielding suburbs for rents in QLD with a 4.66% return

YIP MAG Information supplied by:

YIP MAG
February 2017

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This suburb is an example of the oversupply issue observed in the regional market, with stock on market recording a 117% rise, according to Real Estate Investar. These properties are all detached houses, thus supporting the call to halt construction approvals until established homes can be occupied.Full summary

Median house price: $312,500

Stock on market: 117.2%

12-month growth: 12.5%

Elliott Heads highlights how the affordability of Queensland suburbs has enabled these areas to stave off declines in the face of excessive supply.

This suburb is an example of the oversupply issue observed in the regional market, with stock on market recording a 117% rise, according to Real Estate Investar. These properties are all detached houses, thus supporting the call to halt construction approvals until established homes can be occupied.

However, despite this staggering increase in supply, the average vacancy rate inched upward by only 0.23% over a 12-month period, suggesting that demand is adequate to cover the excess for most part. This may be ascribed to the low prices of homes, low interest rates and an increased grant, which could have spurred market activity especially among first-home buyers.

House prices soared by nearly 13%, as per CoreLogic, and the high rental yield of 4.5% could also be inviting investors into the market.

Close
Metrics i HOUSE UNIT
$290,000 N/A
-3.33% N/A
-7.94% N/A
1.46% N/A
$260 N/A
33 N/A
4.66% N/A
132.27 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 998
Median household income ($/weekly) 627
Median age of persons 49
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 102 10.2
    35-44 years 117 11.7
    45-54 years 152 15.2
    55-64 years 172 17.2
    65-74 years 165 16.5
    Others 291 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 423 56.0
    Not Married 249 33.0
    Defacto Relationship 83 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 820 85.3
    Greece 14 1.5
    Papua New Guinea 15 1.6
    United Kingdom 60 6.2
    Other 10 1.0
    Others 42 4.4
    Country of Birth
    Census Count Percent(%)
    Christianity 668 73.5
    No Religion 226 24.9
    Islam 9 1.0
    Buddhism 3 0.3
    Other Religious Groups 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 38 10.7
    $400-$599 94 26.5
    $600-$799 52 14.6
    $800-$999 28 7.9
    $1,000-$1,249 28 7.9
    Others 115 32.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 427 53.5
    Employed, worked full-time 193 24.2
    Employed, worked part-time 117 14.7
    Employed, away from work 32 4.0
    Unemployed, looking for work 29 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 55 16.1
    Technicians & trades workers 58 17.0
    Community & personal service workers 49 14.3
    Clerical & administrative workers 43 12.6
    Labourers 49 14.3
    Others 88 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 9 5.3
    Infants/Primary 69 40.6
    Secondary 51 30.0
    Technical or Further Educational Institution 12 7.1
    University or other Tertiary Institutions 26 15.3
    Others 3 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 906 95.4
    Caravan, cabin, houseboat 30 3.2
    Flat, unit or apartment 11 1.2
    Semi-detached, row or terrace house, townhouse 3 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 180 44.2
    Rented 126 31.0
    Being purchased 98 24.1
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals