Suburb Profile Report for Emerald QLD (4720)

Emerald House: Median price $316,000, Annual capital growth -0.51%, Number of sales 196, Weekly median advertised rent $340

Emerald Unit: Median price $139,000, Annual capital growth -5.36%, Number of sales 24, Weekly median advertised rent $240

  • 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.

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  • House Report
  • Unit Report

Property investors who have had real estate in Emerald, 4720 should be pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 24.40%

A -24.15% growth in median value for property investors in Emerald,4720 puts this suburb at number 339th in terms of best performing suburbs in QLD

Property buyers and investors in Emerald 4720 should be seeing an average reduction in asking price of around -6.94% . This means that Emerald is holding prices well when compared to other suburbs in QLD.

In the last year 196 properties changed hands in Emerald, which puts it as the 47th most active market in QLD when comparing the number of sales per suburb.

If you compare the increase in value of investment property in Emerald, 4720 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -24.55%.

When looking at the potential capital gains offered to property investors over the last 3 years, Emerald comes in at number 324th in QLD.

The most recent median price for Emerald is $139000, with sellers offering an average of -12.30% off the asking price.

Residents and property investors in Emerald have been waiting around 88.5 days to sell a property.

Situated 655.79km from the CBD, Emerald is one of Central Highlands (R) (Qld) localities in the postcode 4720.

Information supplied by:


January 2019

M
O

W
E

Buyers flock to safe country town

Postcode: 4720

Median unit price: $145,000

Three-year growth: 31.3%

Rental yield: 8.4%

A rural suburb of central Queensland, Emerald is around 265km west of Rockhampton and is home to around 14,500 people. A traditional country town in every sense of the word, this is the type of neighbourhood where residents can keep their doors unlocked.

Locals enjoy activities such as fishing at Lake Maraboon, visiting the gem fields, enjoying the modern sporting and recreation venues. For families there are several good schooling options, too.

Landlords who are seeking affordable investments may consider this type of market, particularly as almost 45% of local residents are tenants, ensuring a steady stream of potential applicants for your rental home. Flats and apartments comprise just 8% of local dwelling stock, with freestanding houses the more popular style with local families.

Metrics i HOUSE UNIT
$316,000 $139,000
0.32% -5.67%
24.40% -24.55%
-0.51% -5.36%
$340 $240
196 24
5.68% 8.82%
73.69231 88.5

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 : Above average (H), Balanced (U)
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Demographics
Total population 13883
Median household income ($/weekly) 2295
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 1309 9.4
    5-14 years 2245 16.2
    25-34 years 2523 18.2
    35-44 years 2233 16.1
    45-54 years 1872 13.5
    Others 3702 26.7
    Age Group
    Census Count Percent(%)
    Registered Married 4344 51.0
    Not Married 2883 33.8
    Defacto Relationship 1297 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 10901 85.5
    Papua New Guinea 665 5.2
    Philippines 182 1.4
    United Kingdom 226 1.8
    Other 276 2.2
    Others 497 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 0.7
    Christianity 9418 76.4
    Hinduism 78 0.6
    Islam 54 0.4
    No Religion 2646 21.5
    Others 43 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 498 14.0
    $2,000-$2,499 412 11.5
    $2,500-$2,999 746 20.9
    $3,000-$3,499 398 11.2
    $4,000 or more 270 7.6
    Others 1245 34.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5519 58.5
    Employed, worked part-time 1680 17.8
    Not in the labour force 1554 16.5
    Employed, away from work 487 5.2
    Unemployed, looking for work 196 2.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1000 13.0
    Technicians & trades workers 1574 20.5
    Clerical & administrative workers 1077 14.0
    Machinery operators & drivers 1311 17.1
    Labourers 766 10.0
    Others 1958 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 208 6.5
    Infants/Primary 1530 47.9
    Secondary 844 26.4
    Technical or Further Educational Institution 291 9.1
    University or other Tertiary Institutions 255 8.0
    Others 69 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10430 86.2
    Semi-detached, row or terrace house, townhouse 475 3.9
    Flat, unit or apartment 973 8.0
    Caravan, cabin, houseboat 168 1.4
    Improvised home, tent, sleepers out 26 0.2
    Others 26 0.2
    Dwelling Structure
    Census Count Percent(%)
    Rented 1721 42.5
    Being purchased 1693 41.8
    Fully owned 615 15.2
    Other tenure type 19 0.5
    Tenure Type
Census 2011, ABS
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