Suburb Profile Report for Whitfield QLD (4870)

Whitfield House: Median price $520,000, Annual capital growth 3.90%, Number of sales 64, Weekly median advertised rent $435

Whitfield Unit: Median price $230,000, Annual capital growth 2.45%, Number of sales 21, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Whitfield has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.46% to date .

Comparing Whitfield,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Whitfield, 4870 is offering QLD ‘s 188th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this QLD.

Renters in Suburb are facing rents around $5220 per annum or $435 every week.

If you compare the increase in value of investment property in Whitfield, 4870 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.10%.

When looking at the potential capital gains offered to property investors over the last 3 years, Whitfield comes in at number 286th in QLD.

Whitfield, 4870 is offering QLD ‘s 19th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.

Using the current median advertised rental of $290 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 6.56%

HOUSE UNIT
$520,000 $230,000
2.67% 2.68%
2.46% 1.10%
3.90% 2.45%
$435 $290
64 21
4.35% 6.56%
62.74 95.11

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4177
Median household income ($/weekly) 1256
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 589 14.1
    25-34 years 405 9.7
    35-44 years 682 16.3
    45-54 years 675 16.2
    55-64 years 511 12.2
    Others 1316 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 1360 46.9
    Not Married 1157 39.9
    Defacto Relationship 381 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3100 79.6
    South Korea 46 1.2
    Papua New Guinea 145 3.7
    United Kingdom 239 6.1
    Other 142 3.6
    Others 223 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 1.4
    Christianity 2484 67.2
    Islam 21 0.6
    Other Religious Groups 17 0.5
    No Religion 1105 29.9
    Others 20 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 137 9.6
    $800-$999 162 11.3
    $1,000-$1,249 136 9.5
    $1,500-$1,999 180 12.6
    $2,000-$2,499 149 10.4
    Others 668 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1333 43.6
    Not in the labour force 870 28.5
    Employed, worked part-time 618 20.2
    Employed, away from work 128 4.2
    Unemployed, looking for work 105 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 264 12.7
    Professionals 557 26.9
    Technicians & trades workers 244 11.8
    Community & personal service workers 227 10.9
    Clerical & administrative workers 323 15.6
    Others 459 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 45 5.2
    Infants/Primary 388 44.4
    Secondary 220 25.2
    Technical or Further Educational Institution 58 6.6
    University or other Tertiary Institutions 130 14.9
    Others 32 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2598 67.9
    Flat, unit or apartment 668 17.5
    Semi-detached, row or terrace house, townhouse 547 14.3
    House or flat attached to a shop, office 12 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 553 35.2
    Fully owned 521 33.2
    Rented 459 29.3
    Other tenure type 36 2.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals