Suburb Profile Report for Thabeban QLD (4670)

Thabeban House: Median price $255,000, Annual capital growth -0.46%, Number of sales 45, Weekly median advertised rent $310

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

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

  • Expert Report
  • House Report

Thabeban has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.49% to date .

While Thabeban,4670 ranked number 812th in QLD for increase in median house value (annualised) increase, it is ranked 725th over the last 5 years.

Thabeban, 4670 is offering QLD ‘s 431th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.

Information supplied by:


January 2019

M
O

W
E

House market on the mend

Postcode: 4670

Median house price: $270,000

Three-year growth: -0.6%

Rental yield: 5.5%

Thabeban is a suburb in the Bundaberg Region, through which the Bundaberg Ring Road passes westward. This regional suburb contains low priced properties coming in at a median value of under $300,000.

After a shaky few years following the mining decline, Thabeban may be on the road to recovery, as the housing market recorded a boost of 8% in prices over the 12 months to October 2018 – a trend that has continued into the October quarter. Renters can find good homes at an average rent rate of $285 a week, as investors reap remarkable yields at an average of 5.5%.

Residents of Thabeban favour the newer part of town, which is safe and well maintained. The suburb is home to a park, and possesses a strong community vibe. It is also well located, with the Thabeban railway station located on the border of the northern suburbs.

Metrics i HOUSE UNIT
$255,000 N/A
-5.09% N/A
1.49% N/A
-0.46% N/A
$310 N/A
45 N/A
6.29% N/A
71 N/A

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

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2827
Median household income ($/weekly) 833
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 406 14.4
    25-34 years 346 12.2
    35-44 years 295 10.4
    45-54 years 370 13.1
    55-64 years 347 12.3
    Others 1063 37.6
    Age Group
    Census Count Percent(%)
    Registered Married 961 49.0
    Not Married 764 39.0
    Defacto Relationship 236 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2355 89.3
    Japan 31 1.2
    Papua New Guinea 39 1.5
    Philippines 32 1.2
    United Kingdom 80 3.0
    Others 100 3.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1883 74.1
    No Religion 632 24.9
    Buddhism 14 0.6
    Islam 11 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 183 19.4
    $600-$799 138 14.6
    $800-$999 119 12.6
    $1,000-$1,249 90 9.5
    $1,500-$1,999 98 10.4
    Others 315 33.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 855 42.2
    Employed, worked full-time 635 31.3
    Employed, worked part-time 366 18.0
    Unemployed, looking for work 103 5.1
    Employed, away from work 69 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 184 17.2
    Community & personal service workers 112 10.5
    Clerical & administrative workers 151 14.1
    Sales 124 11.6
    Labourers 196 18.3
    Others 303 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 21 3.8
    Infants/Primary 261 47.3
    Secondary 153 27.7
    Technical or Further Educational Institution 44 8.0
    University or other Tertiary Institutions 55 10.0
    Others 18 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2430 92.0
    Caravan, cabin, houseboat 107 4.1
    Flat, unit or apartment 65 2.5
    Semi-detached, row or terrace house, townhouse 38 1.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 378 37.6
    Fully owned 343 34.1
    Being purchased 279 27.8
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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