Suburb Profile Report for Garbutt QLD (4814)

Garbutt House: Median price $262,000, Annual capital growth 1.24%, Number of sales 27, Weekly median advertised rent $280

Garbutt Unit: Median price $192,500, Annual capital growth 0.26%, Number of sales 20, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.06% which means that Garbutt, 4814 has done well for property investors by showing a capital gain of -3.85% over the last year

Over the longer term, Garbutt has seen property prices show investors a -12.67% return over the last 3 years. This is an improvement over the last 12 months

Vendor discounting in Garbutt is giving property investors an average Vendor Discount of around -10.15%. This puts suburb at number 130th in QLD when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.

With the median price for a house in Garbutt being $262000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.56%

Garbutt has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -34.75% to date .

Garbutt,4814 was ranked 1676 in Australia by increase in median property value over the quarter.

With the median price for a house in Garbutt being $192500 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 6.75%

Metrics i HOUSE UNIT
$262,000 $192,500
4.59% -28.70%
-3.85% -34.75%
1.24% 0.26%
$280 $250
27 20
5.56% 6.75%
120.44 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2482
Median household income ($/weekly) 797
Median age of persons 36
Median housing loan repayment ($/monthly) 1610
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 321 12.9
    25-34 years 334 13.5
    35-44 years 301 12.1
    45-54 years 293 11.8
    55-64 years 305 12.3
    Others 929 37.4
    Age Group
    Census Count Percent(%)
    Not Married 992 59.4
    Registered Married 471 28.2
    Defacto Relationship 208 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1922 87.1
    Papua New Guinea 64 2.9
    Philippines 32 1.4
    United Kingdom 61 2.8
    Other 63 2.9
    Others 65 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1581 74.8
    No Religion 501 23.7
    Buddhism 21 1.0
    Other Religious Groups 8 0.4
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 86 10.3
    $300-$399 114 13.7
    $400-$599 103 12.4
    $600-$799 91 10.9
    $1,000-$1,249 88 10.6
    Others 350 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 733 40.9
    Employed, worked full-time 666 37.1
    Employed, worked part-time 270 15.1
    Unemployed, looking for work 64 3.6
    Employed, away from work 61 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 171 17.1
    Community & personal service workers 144 14.4
    Clerical & administrative workers 125 12.5
    Machinery operators & drivers 123 12.3
    Labourers 164 16.4
    Others 273 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 16 3.6
    Infants/Primary 180 40.8
    Secondary 126 28.6
    Technical or Further Educational Institution 40 9.1
    University or other Tertiary Institutions 66 15.0
    Others 13 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1570 72.4
    Flat, unit or apartment 480 22.1
    Semi-detached, row or terrace house, townhouse 77 3.6
    Caravan, cabin, houseboat 28 1.3
    House or flat attached to a shop, office 14 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 560 60.3
    Being purchased 191 20.6
    Fully owned 175 18.8
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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