Suburb Profile Report for North Ward QLD (4810)

North Ward House: Median price $650,000, Annual capital growth 1.48%, Number of sales 39, Weekly median advertised rent $350

North Ward Unit: Median price $270,000, Annual capital growth 1.29%, Number of sales 88, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in North Ward, 4810 have given investors a capital gain of -0.76%. This compares badly with the 1.98% for QLD as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, North Ward comes in at number 648th in QLD.

Our latest figures would indicate that property sellers in North Ward are currently offering property investors an average price cut of -19.70% below the asking price at the moment.

With the median price for a house in North Ward being $650000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 2.80%

Property value increases in North Ward have tracked lower than the QLD average of 0.77% over the last 12 months.

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.

LACK OF BUYER INTEREST may well be the reason that North Ward is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 15th in terms of most discounted suburbs in QLD

With the median price for a house in North Ward being $270000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 5.68%

HOUSE UNIT
$650,000 $270,000
-4.41% -6.90%
-0.76% -22.86%
1.48% 1.29%
$350 $295
39 88
2.80% 5.68%
113.57 124.76

Source: CoreLogic

DSR Score for property investment : Poor (H), Below average (U)
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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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