Suburb Profile Report for Caravonica QLD (4878)

Caravonica House: Median price $384,692, Annual capital growth 3.55%, Number of sales 34, Weekly median advertised rent $425

Caravonica Unit: Median price $269,750, Annual capital growth 6.79%, Number of sales 10, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Caravonica, 4878 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.57%

Across a shorter period, Caravonica, 4878 has seen a median price increase of 3.97% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.29% offered to property buyers. Sellers in Caravonica itself are offering an average vendor discount of -8.87% to real estate investors.

Residents and property investors in Caravonica have been waiting around 66.03 days to sell a property.

QLD has seen average median house prices change by 1.12% which means that Caravonica, 4878 has done well for property investors by showing a capital gain of 5.78% over the last year

Caravonica, 4878 is offering QLD ‘s 26th 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.

Often selling an investment property can take time, and in Caravonica the average time real estate has been on the market is 111.9 days.

Situated 1396.07km from the CBD, Caravonica is one of Cairns localities in the postcode 4878.

HOUSE UNIT
$384,692 $269,750
3.97% N/A
0.57% 5.78%
3.55% 6.79%
$425 N/A
34 10
5.74% N/A
66.03 111.9

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 1933
Median household income ($/weekly) 1328
Median age of persons 38
Median housing loan repayment ($/monthly) 1770
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 280 14.5
    25-34 years 215 11.1
    35-44 years 312 16.1
    45-54 years 359 18.6
    55-64 years 241 12.5
    Others 527 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 691 48.5
    Not Married 540 37.9
    Defacto Relationship 193 13.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1434 76.3
    Greece 37 2.0
    Papua New Guinea 81 4.3
    United Kingdom 129 6.9
    Other 70 3.7
    Others 129 6.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.6
    Christianity 1161 64.9
    Hinduism 6 0.3
    Other Religious Groups 15 0.8
    No Religion 576 32.2
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 56 9.1
    $1,000-$1,249 74 12.0
    $1,250-$1,499 62 10.0
    $1,500-$1,999 101 16.3
    $2,000-$2,499 60 9.7
    Others 265 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 631 42.8
    Not in the labour force 378 25.6
    Employed, worked part-time 309 20.9
    Employed, away from work 96 6.5
    Unemployed, looking for work 61 4.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 112 10.8
    Professionals 182 17.6
    Technicians & trades workers 175 16.9
    Community & personal service workers 131 12.7
    Clerical & administrative workers 145 14.0
    Others 288 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 30 6.4
    Infants/Primary 160 33.9
    Secondary 159 33.7
    Technical or Further Educational Institution 43 9.1
    University or other Tertiary Institutions 68 14.4
    Others 12 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1871 98.9
    Caravan, cabin, houseboat 17 0.9
    Semi-detached, row or terrace house, townhouse 3 0.2
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 344 48.4
    Fully owned 198 27.8
    Rented 165 23.2
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals