Suburb Profile Report for Andergrove QLD (4740)

Andergrove House: Median price $300,000, Annual capital growth -1.88%, Number of sales 104, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report

Investment property in Andergrove has done pretty 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 -1.64%

Over the longer term, Andergrove has seen property prices show investors a -25.74% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -12.06% to buyers in Andergrove at the moment, which is less than average for the rest of QLD.

Residents and property investors in Andergrove have been waiting around 95.65 days to sell a property.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of -1.88%, investors should hope to achieve an overall return of 5.20%

Metrics i HOUSE UNIT
$300,000 N/A
-0.83% N/A
-1.64% N/A
-1.88% N/A
$300 N/A
104 N/A
5.20% N/A
95.65 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 9372
Median household income ($/weekly) 1627
Median age of persons 32
Median housing loan repayment ($/monthly) 2011
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1427 15.2
    25-34 years 1436 15.3
    35-44 years 1375 14.7
    45-54 years 1359 14.5
    55-64 years 913 9.7
    Others 2863 30.5
    Age Group
    Census Count Percent(%)
    Registered Married 3058 48.2
    Not Married 2445 38.6
    Defacto Relationship 839 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7793 88.6
    Papua New Guinea 260 3.0
    South Africa 115 1.3
    United Kingdom 243 2.8
    Other 152 1.7
    Others 229 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 0.8
    Christianity 6345 74.7
    Islam 25 0.3
    Other Religious Groups 35 0.4
    No Religion 2008 23.6
    Others 18 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 229 8.7
    $1,250-$1,499 231 8.7
    $1,500-$1,999 378 14.3
    $2,000-$2,499 339 12.8
    $2,500-$2,999 306 11.6
    Others 1164 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3356 49.7
    Not in the labour force 1692 25.1
    Employed, worked part-time 1163 17.2
    Employed, away from work 333 4.9
    Unemployed, looking for work 207 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 593 12.2
    Technicians & trades workers 1098 22.6
    Clerical & administrative workers 697 14.4
    Machinery operators & drivers 636 13.1
    Labourers 530 10.9
    Others 1300 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 67 3.3
    Infants/Primary 919 45.2
    Secondary 683 33.6
    Technical or Further Educational Institution 173 8.5
    University or other Tertiary Institutions 150 7.4
    Others 42 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7702 90.2
    Flat, unit or apartment 494 5.8
    Semi-detached, row or terrace house, townhouse 182 2.1
    Caravan, cabin, houseboat 155 1.8
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1291 42.3
    Rented 1006 33.0
    Fully owned 740 24.3
    Other tenure type 13 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals