Suburb Profile Report for Condon QLD (4815)

Condon House: Median price $285,000, Annual capital growth 0.99%, Number of sales 62, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Expert Report

Condon is in the bottom 40% in QLD when comparing median price capital growth over the last year. Condon gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

Condon,4815 was ranked 3709 in Australia by increase in median property value over the quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.23% offered to property buyers. Sellers in Condon itself are offering an average vendor discount of -10.35% to real estate investors.

Property investors should expect to get $295 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
July 2016

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Opportunities to buy in Condon, in the Northern Queensland city of Townsville, have become somewhat harder to find over the past year.Full summary Opportunities to buy in Condon, in the Northern Queensland city of Townsville, have become somewhat harder to find over the past year.

According to Real Estate Investar, the level of stock on market in Condon is currently 45.8% below where it was at this time last year.

While it might be harder to find something to buy in Condon, those who do won’t have to dig too deep into their pockets.

The median house price in the suburb, located around 15km from the centre of Townsville, is just $287,000 and has fallen 13% over the last five years.

Houses in Condon are currently spending 90 days on the market, and vendors are also offering discounts of 9%.

While performance recently hasn’t been great, there are some positives to Condon.

The suburb is on the banks of the Ross River and is home to the Thuringowa State Hospital.

James Cook University and the Townsville Hospital are just a short drive away, as is the Lavarack Barracks army base.Close
HOUSE UNIT
$285,000 N/A
-5.00% N/A
0.00% N/A
0.99% N/A
$295 N/A
62 N/A
5.38% N/A
91.47 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 5866
Median household income ($/weekly) 1185
Median age of persons 33
Median housing loan repayment ($/monthly) 1900
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 863 14.7
    25-34 years 784 13.4
    35-44 years 769 13.1
    45-54 years 606 10.3
    55-64 years 580 9.9
    Others 2264 38.6
    Age Group
    Census Count Percent(%)
    Registered Married 1935 47.3
    Not Married 1609 39.4
    Defacto Relationship 543 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4972 88.8
    Papua New Guinea 133 2.4
    Philippines 44 0.8
    United Kingdom 159 2.8
    Other 144 2.6
    Others 147 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 0.7
    Christianity 4093 76.6
    Islam 10 0.2
    Other Religious Groups 11 0.2
    No Religion 1189 22.2
    Others 5 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 191 10.7
    $600-$799 208 11.6
    $1,000-$1,249 181 10.1
    $1,500-$1,999 237 13.2
    $2,000-$2,499 216 12.0
    Others 760 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1648 38.5
    Not in the labour force 1596 37.3
    Employed, worked part-time 681 15.9
    Employed, away from work 197 4.6
    Unemployed, looking for work 159 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 305 12.1
    Technicians & trades workers 450 17.8
    Community & personal service workers 302 12.0
    Clerical & administrative workers 377 14.9
    Labourers 294 11.6
    Others 797 31.6
    Occupation
    Census Count Percent(%)
    Pre-school 61 4.6
    Infants/Primary 575 43.6
    Secondary 355 26.9
    Technical or Further Educational Institution 90 6.8
    University or other Tertiary Institutions 211 16.0
    Others 27 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5318 96.5
    Flat, unit or apartment 110 2.0
    Semi-detached, row or terrace house, townhouse 80 1.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 724 36.0
    Being purchased 675 33.5
    Fully owned 455 22.6
    Other tenure type 159 7.9
    Tenure Type
Census 2011, ABS
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