Suburb Profile Report for Pimlico QLD (4812)

Pimlico House: Median price $317,500, Annual capital growth 1.69%, Number of sales 37, Weekly median advertised rent $300

Pimlico Unit: Median price $200,000, Annual capital growth 0.61%, Number of sales 11, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3604th in the list of Australian suburbs ordered by increase in median house value over the last year, Pimlico, 4812 is in the BOTTOM 20% with a property value increase of -6.62% recorded in median house prices.

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

At number 97th of QLD’s most discounted properties, Pimlico is in the bottom 20% of the state/territory when listing in order of most discounted to least.

A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.91%, without taking into account capital value appreciation, which has been averaging out at 1.69%.

Pimlico is in the bottom 10% in QLD when comparing median price capital growth over the last year. Pimlico gave property investors a dismal capital gain figure when compared to the rest of the state, with -22.33%.

Pimlico,4812 was ranked 1135 in Australia by increase in median property value over the quarter.

Vendor discounting in Pimlico is giving property investors an average Vendor Discount of around -17.43%. This puts suburb at number 2nd in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Pimlico the average time real estate has been on the market is 108.38 days.

Pimlico, 4812’s gross rental yield is 6.50%

HOUSE UNIT
$317,500 $200,000
-0.78% -1.23%
-6.62% -22.33%
1.69% 0.61%
$300 $250
37 11
4.91% 6.50%
105.89 108.38

Source: CoreLogic

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 2599
Median household income ($/weekly) 946
Median age of persons 37
Median housing loan repayment ($/monthly) 1820
Average household size 2
  • Census Count Percent(%)
    5-14 years 250 9.6
    25-34 years 391 15.0
    35-44 years 362 13.9
    45-54 years 377 14.5
    55-64 years 281 10.8
    Others 939 36.1
    Age Group
    Census Count Percent(%)
    Not Married 1125 57.5
    Registered Married 588 30.1
    Defacto Relationship 242 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2018 82.9
    Indonesia 42 1.7
    Papua New Guinea 72 3.0
    United Kingdom 83 3.4
    Other 75 3.1
    Others 145 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 1.4
    Christianity 1693 73.4
    Hinduism 25 1.1
    Other Religious Groups 11 0.5
    No Religion 537 23.3
    Others 7 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 109 10.3
    $400-$599 116 11.0
    $600-$799 127 12.0
    $1,000-$1,249 108 10.2
    $1,500-$1,999 119 11.2
    Others 479 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 851 41.3
    Not in the labour force 678 32.9
    Employed, worked part-time 351 17.0
    Unemployed, looking for work 93 4.5
    Employed, away from work 87 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 263 20.5
    Technicians & trades workers 209 16.3
    Clerical & administrative workers 181 14.1
    Sales 136 10.6
    Labourers 167 13.0
    Others 329 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 18 3.5
    Infants/Primary 161 31.1
    Secondary 142 27.4
    Technical or Further Educational Institution 62 12.0
    University or other Tertiary Institutions 120 23.2
    Others 15 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1357 56.4
    Flat, unit or apartment 918 38.1
    Semi-detached, row or terrace house, townhouse 132 5.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 688 59.7
    Being purchased 249 21.6
    Fully owned 208 18.1
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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