Suburb Profile Report for Kirwan QLD (4817)

Kirwan House: Median price $318,000, Annual capital growth -0.22%, Number of sales 281, Weekly median advertised rent $330

Kirwan Unit: Median price $243,000, Annual capital growth 0.20%, Number of sales 24, Weekly median advertised rent $288

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -4.36% for the last 12 months, Kirwan, 4817 has performed for property investments than its average annual -0.22% property growth over the last 5 years.

Over the longer term, Kirwan has seen property prices show investors a -10.42% return over the last 3 years. This is an improvement over the last 12 months

Property buyers and investors in Kirwan 4817 should be seeing an average reduction in asking price of around -9.04% . This means that Kirwan is holding prices well when compared to other suburbs in QLD.

Kirwan, 4817’s gross rental yield is 5.40%

Over the last year, property investments in Kirwan, 4817 have given investors a capital gain of 6.93%. This compares favourably with the 0.74% for QLD as a whole.

Taking the average capital gain, or increase in median house value, Kirwan,4817 has racked up an average of 6.93% over the period. This ranks it number 1620th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Kirwan should be aiming for at least -10.92% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $287.5 and the average annual increase in value of a median property of 0.20%, investors should hope to achieve an overall return of 6.15%

Metrics i HOUSE UNIT
$318,000 $243,000
-0.63% -2.80%
-4.36% 6.93%
-0.22% 0.20%
$330 $288
281 24
5.40% 6.15%
88.37 124.11

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 21771
Median household income ($/weekly) 1538
Median age of persons 31
Median housing loan repayment ($/monthly) 1830
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 3334 15.3
    25-34 years 3170 14.6
    35-44 years 3273 15.0
    45-54 years 2943 13.5
    55-64 years 2055 9.4
    Others 6995 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 7122 47.5
    Not Married 5903 39.3
    Defacto Relationship 1979 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 18194 87.9
    Papua New Guinea 543 2.6
    Philippines 138 0.7
    United Kingdom 696 3.4
    Other 442 2.1
    Others 682 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 137 0.7
    Christianity 15419 77.0
    Islam 61 0.3
    Other Religious Groups 71 0.4
    No Religion 4293 21.4
    Others 45 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 592 9.5
    $1,250-$1,499 580 9.3
    $1,500-$1,999 1046 16.8
    $2,000-$2,499 892 14.3
    $2,500-$2,999 571 9.2
    Others 2544 40.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7447 47.1
    Not in the labour force 3970 25.1
    Employed, worked part-time 3092 19.5
    Employed, away from work 750 4.7
    Unemployed, looking for work 564 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1609 14.3
    Technicians & trades workers 1906 16.9
    Community & personal service workers 1464 13.0
    Clerical & administrative workers 1788 15.8
    Sales 1278 11.3
    Others 3246 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 278 5.0
    Infants/Primary 2176 39.3
    Secondary 1643 29.7
    Technical or Further Educational Institution 425 7.7
    University or other Tertiary Institutions 909 16.4
    Others 99 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19246 93.7
    Semi-detached, row or terrace house, townhouse 985 4.8
    Flat, unit or apartment 298 1.5
    Improvised home, tent, sleepers out 7 0.0
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2860 40.1
    Rented 2784 39.0
    Fully owned 1464 20.5
    Other tenure type 31 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals