Suburb Profile Report for Cedar Vale QLD (4285)

Cedar Vale House: Median price $498,500, Annual capital growth 1.77%, Number of sales 50, Weekly median advertised rent $503

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 0.71% for the last 12 months, Cedar Vale, 4285 has performed for property investments than its average annual 1.77% property growth over the last 5 years.

The five-year average increase in median property values for Cedar Vale,4285 has given property investors a potential capital gain of 11.52% across each of those five years.

Property investors looking for a bargain in Cedar Vale should be aiming for at least -5.07% off the asking price, which is the average vendor discount being achieved at the moment.

Information supplied by:


October 2018

M
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W
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Logan suburb maintains growth

Postcode: 4285

Median house price: $497,000

Three-year growth: 10.4%

Rental yield: 5.5%

A suburb that became part of the city of Logan a decade ago, Cedar Vale is looking to see quite a bit of growth coming in.

The suburb has maintained a strong streak of price increases since July 2013. The July 2017-2018 period alone generated 7.5% growth, and values went up by a further 5% in the three months to July 2018 to hit a median of $497,500.

The suburb is around 15 minutes away from the Logan CBD. It is popular with families because it is surrounded by many schools in the neighbouring suburbs, including Veresdale Scrub State School and Woodhill State School to the west and Jimboomba State School and Emmaus College to the north. There are also several parks in the suburb which are secure, making them ideal as children’s play areas.

Metrics i HOUSE UNIT
$498,500 N/A
-0.30% N/A
0.71% N/A
1.77% N/A
$503 N/A
50 N/A
5.24% N/A
92.145836 N/A

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. 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 2970
Median household income ($/weekly) 1556
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 290 9.8
    5-14 years 566 19.1
    25-34 years 369 12.4
    35-44 years 577 19.4
    45-54 years 405 13.6
    Others 763 25.7
    Age Group
    Census Count Percent(%)
    Registered Married 1123 57.2
    Not Married 604 30.7
    Defacto Relationship 238 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2390 84.2
    Greece 11 0.4
    Papua New Guinea 146 5.1
    United Kingdom 173 6.1
    Other 52 1.8
    Others 67 2.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 16 0.6
    Christianity 1866 70.2
    Islam 6 0.2
    Other Religious Groups 29 1.1
    No Religion 738 27.8
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 86 11.3
    $1,250-$1,499 74 9.7
    $1,500-$1,999 141 18.5
    $2,000-$2,499 116 15.2
    $2,500-$2,999 75 9.8
    Others 272 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 910 45.0
    Not in the labour force 532 26.3
    Employed, worked part-time 400 19.8
    Employed, away from work 99 4.9
    Unemployed, looking for work 82 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 153 10.9
    Technicians & trades workers 292 20.7
    Clerical & administrative workers 232 16.5
    Machinery operators & drivers 166 11.8
    Labourers 146 10.4
    Others 421 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.8
    Infants/Primary 381 48.0
    Secondary 238 30.0
    Technical or Further Educational Institution 49 6.2
    University or other Tertiary Institutions 56 7.1
    Others 23 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2802 99.5
    Flat, unit or apartment 8 0.3
    Semi-detached, row or terrace house, townhouse 6 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 620 71.5
    Fully owned 161 18.6
    Rented 83 9.6
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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