Suburb Profile Report for Freshwater QLD (4870)

Freshwater House: Median price $577,500, Annual capital growth 4.35%, Number of sales 33, Weekly median advertised rent $460

Freshwater Unit: Median price $280,000, Annual capital growth 1.44%, Number of sales 28, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 14.36% for the last year, Freshwater, 4870 is the 567th highest performer in Australia in this respect.

The five-year average increase in median property values for Freshwater,4870 has given property investors a potential capital gain of 23.53% across each of those five years.

Vendor discounting in Freshwater is giving property investors an average Vendor Discount of around -5.90%. This puts suburb at number 505th in QLD when ranking the most discounted suburbs.

Using the current median advertised rental of $460 and the average annual increase in value of a median property of 4.35%, investors should hope to achieve an overall return of 4.14%

With a capital gain of -11.81% for the last 12 months, Freshwater, 4870 has performed for property investments than its average annual 1.44% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Freshwater,4870 has racked up an average of -11.81% over the period. This ranks it number 541th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Freshwater is $280000, with sellers offering an average of -6.38% off the asking price.

The QLD suburb of Freshwater, 4870 is in the Cairns local government area.

HOUSE UNIT
$577,500 $280,000
11.86% N/A
14.36% -11.81%
4.35% 1.44%
$460 $310
33 28
4.14% 5.76%
103.09 63.32

Source: CoreLogic

DSR Score for property investment : Good (U), Balanced (H)
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Demographics
Total population 2103
Median household income ($/weekly) 1354
Median age of persons 39
Median housing loan repayment ($/monthly) 1700
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 290 13.8
    25-34 years 248 11.8
    35-44 years 356 16.9
    45-54 years 346 16.5
    55-64 years 293 13.9
    Others 570 27.1
    Age Group
    Census Count Percent(%)
    Registered Married 658 43.4
    Not Married 616 40.6
    Defacto Relationship 242 16.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1583 79.3
    South Korea 25 1.3
    Papua New Guinea 78 3.9
    United Kingdom 145 7.3
    Other 68 3.4
    Others 97 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 2.5
    Christianity 1166 62.0
    Islam 4 0.2
    Other Religious Groups 6 0.3
    No Religion 654 34.8
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 82 10.9
    $800-$999 71 9.5
    $1,250-$1,499 78 10.4
    $1,500-$1,999 98 13.1
    $2,000-$2,499 75 10.0
    Others 345 46.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 753 47.2
    Not in the labour force 391 24.5
    Employed, worked part-time 330 20.7
    Employed, away from work 65 4.1
    Unemployed, looking for work 56 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 159 13.9
    Professionals 313 27.3
    Technicians & trades workers 144 12.6
    Community & personal service workers 134 11.7
    Clerical & administrative workers 156 13.6
    Others 239 20.9
    Occupation
    Census Count Percent(%)
    Pre-school 34 6.9
    Infants/Primary 189 38.3
    Secondary 136 27.6
    Technical or Further Educational Institution 33 6.7
    University or other Tertiary Institutions 81 16.4
    Others 20 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1335 67.4
    Semi-detached, row or terrace house, townhouse 335 16.9
    Flat, unit or apartment 302 15.2
    House or flat attached to a shop, office 10 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 316 37.4
    Rented 280 33.1
    Fully owned 250 29.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals