Suburb Profile Report for Queenstown SA (5014)

Queenstown House: Median price $400,000, Annual capital growth 4.61%, Number of sales 25, Weekly median advertised rent $355

Queenstown Unit: Median price $303,500, Annual capital growth 6.52%, Number of sales 14, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Queenstown, 5014 ranked 269th in SA when comparing growth in median property values or capital gain over the last 12 months. Queenstown is one of 853 in our list for SA

Taking the average capital gain, or increase in median house value, Queenstown,5014 has racked up an average of 1.27% over the period. This ranks it number 1861th in the whole country for real estate investors looking at median house price increases.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Queenstown itself are offering an average vendor discount of -4.69% to real estate investors.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Advertised rents are around the $355 mark per week – giving a return of 4.61% based on the median price in Suburb

Investment property in Queenstown has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.53%

While Queenstown,5014 ranked number 10th in SA for increase in median house value (annualised) increase, it is ranked 62th over the last 5 years.

Property buyers and investors in Queenstown 5014 should be seeing an average reduction in asking price of around -5.48% . This means that Queenstown is holding prices well when compared to other suburbs in SA.

HOUSE UNIT
$400,000 $303,500
4.30% 12.41%
1.27% 14.53%
4.61% 6.52%
$355 $260
25 14
4.62% 4.45%
42.06 76.27

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Queenstown SA
Demographics
Total population 1804
Median household income ($/weekly) 790
Median age of persons 43
Median housing loan repayment ($/monthly) 1300
Average household size 2
  • Census Count Percent(%)
    25-34 years 260 14.4
    35-44 years 231 12.8
    45-54 years 277 15.3
    55-64 years 225 12.5
    65-74 years 177 9.8
    Others 635 35.2
    Age Group
    Census Count Percent(%)
    Not Married 747 52.1
    Registered Married 554 38.7
    Defacto Relationship 132 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1245 74.0
    Croatia 58 3.4
    Hong Kong 40 2.4
    United Kingdom 91 5.4
    Other 81 4.8
    Others 168 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 2.5
    Christianity 1024 63.6
    Islam 17 1.1
    Other Religious Groups 18 1.1
    No Religion 503 31.2
    Others 8 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 115 14.8
    $400-$599 122 15.7
    $600-$799 88 11.3
    $800-$999 81 10.4
    $1,000-$1,249 69 8.9
    Others 301 38.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 633 43.1
    Employed, worked full-time 486 33.1
    Employed, worked part-time 243 16.5
    Unemployed, looking for work 62 4.2
    Employed, away from work 45 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 123 15.9
    Technicians & trades workers 128 16.5
    Community & personal service workers 88 11.4
    Clerical & administrative workers 111 14.3
    Labourers 102 13.2
    Others 222 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 20 6.8
    Infants/Primary 115 39.0
    Secondary 60 20.3
    Technical or Further Educational Institution 39 13.2
    University or other Tertiary Institutions 47 15.9
    Others 14 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1183 70.4
    Flat, unit or apartment 271 16.1
    Semi-detached, row or terrace house, townhouse 200 11.9
    House or flat attached to a shop, office 27 1.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 308 37.4
    Fully owned 250 30.4
    Being purchased 239 29.0
    Other tenure type 26 3.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals