Suburb Profile Report for Lammermoor QLD (4703)

Lammermoor House: Median price $457,000, Annual capital growth 2.84%, Number of sales 37, Weekly median advertised rent $360

Lammermoor Unit: Median price $335,000, Annual capital growth 11.10%, Number of sales 10, Weekly median advertised rent $350

  • 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 Lammermoor, 4703 should be pleased 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 13.54%

Lammermoor,4703 was ranked 3149 in Australia by increase in median property value over the quarter.

Vendor discounting in Lammermoor is giving property investors an average Vendor Discount of around -7.25%. This puts suburb at number 331th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Lammermoor the average time real estate has been on the market is 79.12 days.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 2.84%.

QLD has seen average median house prices change by 0.77% which means that Lammermoor, 4703 has done well for property investors by showing a capital gain of -8.72% over the last year

Over the longer term, Lammermoor has seen property prices show investors a -14.48% return over the last 3 years. This is an improvement over the last 12 months

With the median price for a house in Lammermoor being $335000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.43%

HOUSE UNIT
$457,000 $335,000
-1.72% N/A
13.54% -8.72%
2.84% 11.10%
$360 $350
37 10
4.10% 5.43%
79.12 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Poor (H)
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Demographics
Total population 1316
Median household income ($/weekly) 1674
Median age of persons 37
Median housing loan repayment ($/monthly) 2100
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 202 15.3
    25-34 years 150 11.4
    35-44 years 216 16.4
    45-54 years 190 14.4
    55-64 years 167 12.7
    Others 392 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 482 56.8
    Not Married 272 32.0
    Defacto Relationship 95 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1057 88.5
    Papua New Guinea 31 2.6
    South Africa 22 1.8
    United Kingdom 39 3.3
    Other 20 1.7
    Others 26 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 895 77.4
    No Religion 241 20.8
    Buddhism 14 1.2
    Other Religious Groups 7 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 35 9.8
    $1,500-$1,999 45 12.6
    $2,000-$2,499 40 11.2
    $2,500-$2,999 46 12.8
    $3,000-$3,499 34 9.5
    Others 158 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 406 43.8
    Not in the labour force 252 27.2
    Employed, worked part-time 186 20.1
    Employed, away from work 57 6.1
    Unemployed, looking for work 26 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 84 12.9
    Professionals 125 19.2
    Technicians & trades workers 91 14.0
    Clerical & administrative workers 93 14.3
    Sales 69 10.6
    Others 188 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 14 4.6
    Infants/Primary 132 43.4
    Secondary 90 29.6
    Technical or Further Educational Institution 21 6.9
    University or other Tertiary Institutions 39 12.8
    Others 8 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1152 98.5
    Flat, unit or apartment 18 1.5
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 183 42.4
    Rented 129 29.9
    Fully owned 120 27.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals