Suburb Profile Report for Queenstown SA (5014)

Queenstown House: Median price $392,500, Annual capital growth 4.79%, Number of sales 26, Weekly median advertised rent $360

Queenstown Unit: Median price $340,000, Annual capital growth 5.56%, 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

With a capital gain of 8.20% for the last 12 months, Queenstown, 5014 has performed for property investments than its average annual 4.79% property growth over the last 5 years.

While Queenstown,5014 ranked number 393th in SA for increase in median house value (annualised) increase, it is ranked 152th over the last 5 years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Queenstown itself are offering an average vendor discount of -3.83% to real estate investors.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Property value increases in Queenstown have tracked higher than the SA average of 3.97% over the last 12 months.

If we look at median property appreciation over just the last three months, Queenstown has given property investors a paper return of 4.62%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in SA

LACK OF BUYER INTEREST may well be the reason that Queenstown is offering property investors an average of -6.40. This rate of discount on properties puts Suburb at number 73th in terms of most discounted suburbs in SA

Situated 11.00km from the CBD, Queenstown is one of Port Adelaide Enfield localities in the postcode 5014.

Metrics i HOUSE UNIT
$392,500 $340,000
-4.27% 4.62%
8.20% 25.93%
4.79% 5.56%
$360 $260
26 14
4.77% 3.98%
52.95 109.6

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
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