Suburb Profile Report for Garbutt QLD (4814)

Garbutt House: Median price $252,000, Annual capital growth 1.28%, Number of sales 25, Weekly median advertised rent $283

Garbutt Unit: Median price $196,250, Annual capital growth 12.24%, Number of sales 22, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Garbutt 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 -8.36%

The five-year average increase in median property values for Garbutt,4814 has given property investors a potential capital gain of -13.10% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Garbutt is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Garbutt the average time real estate has been on the market is 106.95 days.

A $282.5 per week rent on the median house gives suburb investors a gross yield of circa 5.83%, without taking into account capital value appreciation, which has been averaging out at 1.28%.

Garbutt has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -48.36% to date .

Garbutt,4814 was ranked 1700 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Garbutt should be aiming for at least -11.57% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

HOUSE UNIT
$252,000 $196,250
0.40% -27.31%
-8.36% -48.36%
1.28% 12.24%
$283 $250
25 22
5.83% 6.62%
106.95 88.3

Source: CoreLogic

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