Suburb Profile Report for Moranbah QLD (4744)

Moranbah House: Median price $315,000, Annual capital growth 11.26%, Number of sales 40, Weekly median advertised rent $400

Moranbah Unit: Median price $250,000, Annual capital growth -25.85%, Number of sales 15, Weekly median advertised rent $400

  • House
  • Unit
Source: RP Data
  • Median price
  • Number of sales
DSR Score for property investment : ABOVE AVERAGE (U), POOR (H)
  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a poor capital gain of -26.67% for the last year, Moranbah, 4744 is the 4042th highest performer in Australia in this respect.

While Moranbah,4744 ranked number 799th in QLD for increase in median house value (annualised) increase, it is ranked 781th over the last 5 years.

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 Moranbah, 4744. Typically our figures indicate that -21.25% is being offered, which puts this QLD suburb at 8th most discounted overall in Australia.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

Moranbah has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -47.19% to date .

Using the current median advertised rental of $400 and the average annual increase in value of a median property of -25.73%, investors should hope to achieve an overall return of 8.32%

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Moranbah doesn’t have the same amount of headline grabbing resource projects that Gladstone has for example, but it’s a suburb whose yields and potential for future growth certainly warrant a closer look.
Full summary
Moranbah doesn’t have the same amount of headline grabbing resource projects that Gladstone has for example, but it’s a suburb whose yields and potential for future growth certainly warrant a closer look.
 
Given its Bowen Basin location, the main industry here is mining, and Moranbah Real Estate principal (and former mine worker) Bella Exposito notes that it’s an industry that’s currently very much in expansion mode.
 
“The mines are expanding. They’re looking at having 16,000 workers in 2012, and there are only 11,000 at the moment, so that’s 5,000 new residents in one year.”
 
And with rental properties already getting snapped up like hotcakes by the town’s tenants, this is a town whose excellent yields could be set for a major boost.
 
“We advertised three rental properties today and by about 10 o’ clock they were all taken,” explains Exposito. “Tenants are mainly families – about 95%. And the rest are single people that are in shared housing – three or four to a house.”
 
She admits however that Moranbah is a high-risk high-reward investment hotspot, likening it to the share market.
 
She estimates that the area’s property market is dominated by landlords – with as much as 95% of properties being sold to interstate property investors – and points out that the health of Moranbah’s rental market is tied to that of the local mining industry.
 
“Moranbah had a very strong increase in 2008, and then in 2009 it crashed,” she explains. “But now it has some of the highest investment returns in Australia.
 
“It has stabilised at the moment, so a lot of new people are now purchasing for investment purposes. Why would you invest in Brisbane or Sydney, where property’s returning 4%, when you can get 12-13% here?”
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HOUSE UNIT
$315,000 $250,000
-11.27% N/A
-30.00% -46.89%
-37.34% N/A
-26.74% N/A
11.26% -25.85%
$400 $400
40 15
6.60% 8.32%
143.48 N/A
Source: RP Data
Find a mortgage broker in Moranbah QLD
Demographics
Total population 8965
Median household income ($/weekly) 2778
Median age of persons 29
Median housing loan repayment ($/monthly) 2340
Average household size 3
  • Census Count Percent(%)
    0-4 years 994 11.1
    5-14 years 1490 16.6
    25-34 years 1788 19.9
    35-44 years 1637 18.3
    45-54 years 1165 13.0
    Others 1891 21.1
    Age Group
    Census Count Percent(%)
    Registered Married 2817 53.1
    Not Married 1592 30.0
    Defacto Relationship 896 16.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7203 87.3
    Papua New Guinea 357 4.3
    Philippines 111 1.3
    United Kingdom 133 1.6
    Other 143 1.7
    Others 300 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 0.8
    Christianity 5749 72.3
    Hinduism 38 0.5
    Other Religious Groups 30 0.4
    No Religion 2056 25.8
    Others 15 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 215 9.4
    $2,000-$2,499 179 7.8
    $2,500-$2,999 735 32.1
    $3,000-$3,499 323 14.1
    $4,000 or more 321 14.0
    Others 516 22.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3661 62.2
    Employed, worked part-time 902 15.3
    Not in the labour force 838 14.2
    Employed, away from work 374 6.4
    Unemployed, looking for work 110 1.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 611 12.4
    Technicians & trades workers 1224 24.8
    Clerical & administrative workers 502 10.2
    Machinery operators & drivers 1138 23.0
    Labourers 499 10.1
    Others 964 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 115 5.6
    Infants/Primary 1066 52.2
    Secondary 469 23.0
    Technical or Further Educational Institution 148 7.3
    University or other Tertiary Institutions 189 9.3
    Others 54 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7143 90.6
    Semi-detached, row or terrace house, townhouse 482 6.1
    Flat, unit or apartment 47 0.6
    Caravan, cabin, houseboat 172 2.2
    House or flat attached to a shop, office 39 0.5
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 1762 68.6
    Being purchased 409 15.9
    Fully owned 384 14.9
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals