Suburb Profile Report for Smithfield QLD (4878)

Smithfield House: Median price $415,000, Annual capital growth 3.77%, Number of sales 184, Weekly median advertised rent $420

Smithfield Unit: Median price $232,000, Annual capital growth 2.28%, Number of sales 19, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Smithfield is in the bottom 40% in QLD when comparing median price capital growth over the last year. Smithfield gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

Smithfield,4878 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.

Smithfield4878 is located in QLD which offers an average discount of -7.29% to property investors. Smithfield itself is showing figures that indicate -4.73% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $420 mark per week – giving a return of 5.26% based on the median price in Suburb

Over the last year, property investments in Smithfield, 4878 have given investors a capital gain of 2.20%. This compares averagely with the 1.12% for QLD as a whole.

Comparing Smithfield,4878 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Smithfield 4878 should be seeing an average reduction in asking price of around -3.82% . This means that Smithfield is holding prices well when compared to other suburbs in QLD.

Often selling an investment property can take time, and in Smithfield the average time real estate has been on the market is 93.33 days.

Using the current median advertised rental of $325 and the average annual increase in value of a median property of 2.28%, investors should hope to achieve an overall return of 7.28%

HOUSE UNIT
$415,000 $232,000
0.00% 1.87%
0.00% 2.20%
3.77% 2.28%
$420 $325
184 19
5.26% 7.28%
82.85 93.33

Source: CoreLogic

DSR Score for property investment : Above average (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