Suburb Profile Report for Longreach QLD (4730)

Longreach House: Median price $162,500, Annual capital growth 2.22%, Number of sales 30, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Property value increases in Longreach have tracked lower than the QLD average of 2.44% over the last 12 months.

The five-year average increase in median property values for Longreach,4730 has given property investors a potential capital gain of -30.56% across each of those five years.

Property investors looking for a bargain in Longreach should be aiming for at least -19.26% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.

With the median price for a house in Longreach being $162500 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 8.00%

Metrics i HOUSE UNIT
$162,500 N/A
-20.73% N/A
-26.14% N/A
2.22% N/A
$250 N/A
30 N/A
8.00% N/A
126.13 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Above average (U)
Find a mortgage broker in Longreach QLD
Demographics
Total population 3355
Median household income ($/weekly) 1205
Median age of persons 32
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 572 17.0
    25-34 years 503 15.0
    35-44 years 449 13.4
    45-54 years 426 12.7
    55-64 years 326 9.7
    Others 1079 32.2
    Age Group
    Census Count Percent(%)
    Registered Married 915 43.4
    Not Married 856 40.6
    Defacto Relationship 339 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2944 92.9
    Papua New Guinea 79 2.5
    Philippines 16 0.5
    United Kingdom 48 1.5
    Other 13 0.4
    Others 68 2.1
    Country of Birth
    Census Count Percent(%)
    Christianity 2555 83.3
    No Religion 501 16.3
    Buddhism 13 0.4
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 105 10.0
    $1,000-$1,249 110 10.4
    $1,250-$1,499 106 10.0
    $1,500-$1,999 139 13.2
    $2,000-$2,499 133 12.6
    Others 462 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1236 52.2
    Not in the labour force 586 24.8
    Employed, worked part-time 417 17.6
    Employed, away from work 86 3.6
    Unemployed, looking for work 41 1.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 234 13.5
    Professionals 287 16.5
    Technicians & trades workers 286 16.5
    Clerical & administrative workers 225 13.0
    Labourers 216 12.4
    Others 489 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 36 5.2
    Infants/Primary 372 53.5
    Secondary 162 23.3
    Technical or Further Educational Institution 67 9.6
    University or other Tertiary Institutions 42 6.0
    Others 16 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2763 92.1
    Semi-detached, row or terrace house, townhouse 48 1.6
    Flat, unit or apartment 147 4.9
    Caravan, cabin, houseboat 31 1.0
    Improvised home, tent, sleepers out 7 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 513 43.8
    Fully owned 334 28.5
    Being purchased 318 27.1
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals