Suburb Profile Report for Smithfield QLD (4878)

Smithfield House: Median price $415,000, Annual capital growth 3.70%, Number of sales 177, Weekly median advertised rent $430

Smithfield Unit: Median price $232,000, Annual capital growth 2.19%, Number of sales 21, Weekly median advertised rent $330

  • 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 Smithfield, 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 decrease in value by -1.19%

Over the longer term, Smithfield has seen property prices show investors a 9.21% return over the last 3 years. This is worse than over the last 12 months

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 -4.83% is being offered, which puts this QLD suburb at 2645th most discounted overall in Australia.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 5.39%, without taking into account capital value appreciation, which has been averaging out at 3.70%.

With a capital gain of 1.75% for the last 12 months, Smithfield, 4878 has performed for property investments than its average annual 2.19% property growth over the last 5 years.

Over the longer term, Smithfield has seen property prices show investors a 58.09% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Smithfield are currently offering property investors an average price cut of -3.37% below the asking price at the moment.

At number 867 in a list of fastest selling suburbs, Smithfield is just in the bottom half of suburbs in Australia with an average of days on market 83.86 for properties listed there.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

Metrics i HOUSE UNIT
$415,000 $232,000
0.00% 0.87%
-1.19% 1.75%
3.70% 2.19%
$430 $330
177 21
5.39% 7.40%
84.31 83.86

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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