Suburb Profile Report for North Ward QLD (4810)

North Ward House: Median price $585,000, Annual capital growth 0.12%, Number of sales 45, Weekly median advertised rent $350

North Ward Unit: Median price $257,750, Annual capital growth -0.51%, Number of sales 98, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in North Ward has done 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 -15.22%

Taking the average capital gain, or increase in median house value, North Ward,4810 has racked up an average of -15.22% over the period. This ranks it number 3484th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -18.97% to buyers in North Ward at the moment, which is less than average for the rest of QLD.

In the last year 45 properties changed hands in North Ward, which puts it as the 478th most active market in QLD when comparing the number of sales per suburb.

North Ward is 720th on a list of best yielding suburbs for rents in QLD with a 3.11% return

Investment property in North Ward has done 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 -18.69%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Ward has fallen somewhat when compared to the 5 year average annual rate.

At number 14th of QLD’s most discounted properties, North Ward is in the bottom 10% of the state/territory when listing in order of most discounted to least.

With the median price for a house in North Ward being $257750 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.85%

Metrics i HOUSE UNIT
$585,000 $257,750
-4.10% -5.41%
-15.22% -18.69%
0.12% -0.51%
$350 $290
45 98
3.11% 5.85%
115.41 124.39

Source: CoreLogic

DSR Score for property investment : Balanced (U), Poor (H)
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Demographics
Total population 5099
Median household income ($/weekly) 1276
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2
  • Census Count Percent(%)
    20-24 years 517 10.1
    25-34 years 949 18.6
    35-44 years 739 14.5
    45-54 years 734 14.4
    55-64 years 582 11.4
    Others 1577 30.9
    Age Group
    Census Count Percent(%)
    Not Married 1769 51.4
    Registered Married 1137 33.0
    Defacto Relationship 536 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3382 75.1
    Papua New Guinea 217 4.8
    South Africa 46 1.0
    United Kingdom 288 6.4
    Other 220 4.9
    Others 353 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 1.8
    Christianity 2854 66.4
    Hinduism 34 0.8
    Other Religious Groups 24 0.6
    No Religion 1289 30.0
    Others 19 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 166 8.8
    $800-$999 205 10.8
    $1,000-$1,249 198 10.5
    $1,500-$1,999 235 12.4
    $2,500-$2,999 210 11.1
    Others 876 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1938 50.1
    Not in the labour force 958 24.8
    Employed, worked part-time 646 16.7
    Employed, away from work 173 4.5
    Unemployed, looking for work 155 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 317 11.5
    Professionals 808 29.4
    Technicians & trades workers 355 12.9
    Community & personal service workers 348 12.7
    Clerical & administrative workers 355 12.9
    Others 566 20.6
    Occupation
    Census Count Percent(%)
    Pre-school 38 3.6
    Infants/Primary 260 24.4
    Secondary 344 32.2
    Technical or Further Educational Institution 110 10.3
    University or other Tertiary Institutions 291 27.3
    Others 24 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2181 52.5
    Separate house 1374 33.1
    Semi-detached, row or terrace house, townhouse 594 14.3
    House or flat attached to a shop, office 5 0.1
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1300 62.5
    Fully owned 398 19.1
    Being purchased 380 18.3
    Other tenure type 3 0.1
    Tenure Type
Census 2011, ABS
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