Suburb Profile Report for Mansfield QLD (4122)

Mansfield House: Median price $691,000, Annual capital growth 3.44%, Number of sales 114, Weekly median advertised rent $498

Mansfield Unit: Median price $450,000, Annual capital growth 2.22%, Number of sales 14, Weekly median advertised rent $370

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

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Mansfield has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.22% to date .

Mansfield,4122 was ranked 3352 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Mansfield should be aiming for at least -4.52% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 114 properties changed hands in Mansfield, which puts it as the 166th most active market in QLD when comparing the number of sales per suburb.

Situated 10.44km from the CBD, Mansfield is one of Brisbane (C) localities in the postcode 4122.

Investment property in Mansfield has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.10%

Over the longer term, Mansfield has seen property prices show investors a 0.00% return over the last 3 years. This is worse than over the last 12 months

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 2.22%, investors should hope to achieve an overall return of 4.28%

Information supplied by:




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Median House Price: $685k

Current Yield (houses): 3.7%

Average annual growth (houses): 4.4%

Median Unit Price: $425k

Current Yield (units): 4%

Average annual growth (units): 4.3%

A suburb of Brisbane, Mansfield is located only 14km from Brisbane’s central business district. The market has made steady incline, with house values tracking an average annual growth rate of 4.4%, and unit values 4.3%.

Head of research at DSRdata.com.au and LocationScore, Jeremy Sheppard, says vacancy rates are on a good path. “They have tightened from 2% to a tad above 1% over the last couple of years,” he says.

“The percentage of stock on market peaked at over 1% in late 2018. But it fell sharply over the middle of 2019 to sit at around 0.5%.”

The breadth of schools in the immediate and surrounding region, as well as pockets of nature have made it popular for families.

Director of Metropole Property Strategists, Michael Yardney, says good infrastructure has also contributed towards the suburb becoming one of the most sought-after in south eastern Brisbane.

“[Mansfield] will also benefit greatly from the commercial and retail expansion of Mt Gravatt, but tucked away in a more family friendly environment,” Yardney says.

Unit values come in at the median price of $425k coupled with a strong rental yield of 4%. Investors can potentially take away a median weekly rental income of $490 for houses and $330 for units.

Metrics i HOUSE UNIT
$691,000 $450,000
-1.29% 1.07%
0.22% -1.10%
3.44% 2.22%
$498 $370
114 14
3.74% 4.28%
43.1195652173913 N/A

Source: Monthly data update for Jul 2020 as supplied by CoreLogic. Data is reported to the period ending Apr 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 8473
Median household income ($/weekly) 1453
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1173 13.8
    25-34 years 966 11.4
    35-44 years 1234 14.6
    45-54 years 1148 13.5
    55-64 years 974 11.5
    Others 2979 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 3444 52.7
    Not Married 2677 41.0
    Defacto Relationship 409 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5915 71.5
    Papua New Guinea 321 3.9
    South Africa 125 1.5
    United Kingdom 308 3.7
    Other 492 5.9
    Others 1114 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 206 2.6
    Christianity 5930 73.9
    Hinduism 160 2.0
    Islam 238 3.0
    No Religion 1408 17.5
    Others 83 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 233 8.9
    $600-$799 246 9.4
    $1,500-$1,999 334 12.8
    $2,000-$2,499 309 11.8
    $2,500-$2,999 281 10.7
    Others 1215 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2578 38.8
    Not in the labour force 2256 33.9
    Employed, worked part-time 1333 20.1
    Unemployed, looking for work 242 3.6
    Employed, away from work 237 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 411 9.9
    Professionals 1061 25.6
    Technicians & trades workers 512 12.3
    Clerical & administrative workers 708 17.1
    Sales 429 10.3
    Others 1028 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 93 4.2
    Infants/Primary 774 35.3
    Secondary 631 28.8
    Technical or Further Educational Institution 158 7.2
    University or other Tertiary Institutions 488 22.3
    Others 46 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7905 95.1
    Semi-detached, row or terrace house, townhouse 312 3.8
    Flat, unit or apartment 99 1.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1095 38.5
    Being purchased 1023 35.9
    Rented 717 25.2
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
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