Suburb Profile Report for Smithfield QLD (4878)

Smithfield House: Median price $429,500, Annual capital growth 3.69%, Number of sales 166, Weekly median advertised rent $430

Smithfield Unit: Median price $236,000, Annual capital growth 2.90%, Number of sales 17, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 3.49% for the last 12 months, Smithfield, 4878 has performed for property investments than its average annual 3.69% property growth over the last 5 years.

Smithfield,4878 was ranked 1681 in Australia by increase in median property value over the quarter.

The most recent median price for Smithfield is $429500, with sellers offering an average of -5.34% off the asking price.

With the median price for a house in Smithfield being $429500 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 5.21%

If you compare the increase in value of investment property in Smithfield, 4878 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 4.31%.

Smithfield,4878 was ranked 960 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Smithfield, 4878. Typically our figures indicate that -3.55% is being offered, which puts this QLD suburb at 1137th most discounted overall in Australia.

Residents and property investors in Smithfield have been waiting around 71.16 days to sell a property.

Smithfield, 4878’s gross rental yield is 7.27%

Metrics i HOUSE UNIT
$429,500 $236,000
2.26% 0.43%
3.49% 4.31%
3.69% 2.90%
$430 $330
166 17
5.21% 7.27%
86.68 71.16

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 3707
Median household income ($/weekly) 1235
Median age of persons 36
Median housing loan repayment ($/monthly) 1746
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 465 12.5
    25-34 years 440 11.9
    35-44 years 546 14.7
    45-54 years 605 16.3
    55-64 years 413 11.1
    Others 1237 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 1178 46.1
    Not Married 1060 41.5
    Defacto Relationship 316 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2559 75.0
    Papua New Guinea 123 3.6
    Philippines 38 1.1
    United Kingdom 227 6.7
    Other 158 4.6
    Others 307 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 2.1
    Christianity 2105 65.0
    Islam 32 1.0
    Other Religious Groups 26 0.8
    No Religion 976 30.1
    Others 32 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 109 9.6
    $600-$799 115 10.1
    $1,000-$1,249 113 9.9
    $1,500-$1,999 170 15.0
    $2,000-$2,499 122 10.7
    Others 507 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1097 39.4
    Not in the labour force 800 28.7
    Employed, worked part-time 624 22.4
    Employed, away from work 135 4.8
    Unemployed, looking for work 128 4.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 346 18.6
    Technicians & trades workers 307 16.5
    Community & personal service workers 242 13.0
    Clerical & administrative workers 259 14.0
    Sales 224 12.1
    Others 478 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 41 4.3
    Infants/Primary 318 33.4
    Secondary 188 19.8
    Technical or Further Educational Institution 58 6.1
    University or other Tertiary Institutions 322 33.9
    Others 24 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2992 90.3
    Flat, unit or apartment 190 5.7
    Semi-detached, row or terrace house, townhouse 127 3.8
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 511 40.0
    Rented 443 34.7
    Fully owned 319 25.0
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals