Suburb Profile Report for Thuringowa Central QLD (4817)

Thuringowa Central House: Median price $265,000, Annual capital growth -2.06%, Number of sales 24, Weekly median advertised rent $350

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

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

  • Expert Report
  • House Report

Thuringowa Central is in the bottom 20% in QLD when comparing median price capital growth over the last year. Thuringowa Central gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.36%.

When looking at the potential capital gains offered to property investors over the last 3 years, Thuringowa Central comes in at number 705th in QLD.

Vendor discounting in Thuringowa Central is giving property investors an average Vendor Discount of around -5.93%. This puts suburb at number 421th in QLD when ranking the most discounted suburbs.

With the median price for a house in Thuringowa Central being $265000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 6.87%

Information supplied by:


July 2018

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Affordability attracts buyers

Postcode: 4817

Median house price: $320,000

Three-year growth: 2.4%

Rental yield: 4.9%

In far-north Queensland, the suburb of Thuringowa Central is embarking on a journey of significant growth.

In the year leading up to April 2018, the housing market recorded a jump of 16.4% in prices. Over the April 2018 quarter alone, values increased by a further 17.6%. Nonetheless, houses remain very affordable at a median value of $320,000. Investors can gain a high average return of 4.9%; coupled with the area’s affordability, this could be why such properties spend an average of only 39 days on the market.

Thuringowa Central is shaped like an inverted T. The commercial area lies in the heart of the suburb, with the banks of the Ross River serving as a spot for recreation. The suburb is served by Willows Shopping Centre and the local library, which was recently refurbished.

Metrics i HOUSE UNIT
$265,000 N/A
-1.85% N/A
-5.36% N/A
-2.06% N/A
$350 N/A
24 N/A
6.87% N/A
81.7391304347826 N/A

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

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 2013
Median household income ($/weekly) 1614
Median age of persons 32
Median housing loan repayment ($/monthly) 1640
Average household size 3
  • Census Count Percent(%)
    5-14 years 299 14.8
    25-34 years 270 13.4
    35-44 years 287 14.3
    45-54 years 294 14.6
    55-64 years 207 10.3
    Others 657 32.6
    Age Group
    Census Count Percent(%)
    Registered Married 654 49.0
    Not Married 520 39.0
    Defacto Relationship 160 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1715 88.1
    Papua New Guinea 57 2.9
    Philippines 16 0.8
    United Kingdom 46 2.4
    Other 36 1.8
    Others 76 3.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1469 78.8
    No Religion 382 20.5
    Buddhism 11 0.6
    Islam 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 44 8.2
    $1,000-$1,249 51 9.5
    $1,250-$1,499 52 9.7
    $1,500-$1,999 91 17.0
    $2,000-$2,499 82 15.3
    Others 215 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 694 46.6
    Not in the labour force 402 27.0
    Employed, worked part-time 262 17.6
    Employed, away from work 77 5.2
    Unemployed, looking for work 54 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 146 14.2
    Technicians & trades workers 182 17.7
    Community & personal service workers 145 14.1
    Clerical & administrative workers 162 15.7
    Sales 110 10.7
    Others 286 27.7
    Occupation
    Census Count Percent(%)
    Pre-school 19 3.8
    Infants/Primary 206 41.5
    Secondary 158 31.9
    Technical or Further Educational Institution 39 7.9
    University or other Tertiary Institutions 67 13.5
    Others 7 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1759 97.3
    Flat, unit or apartment 45 2.5
    House or flat attached to a shop, office 4 0.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 260 42.1
    Rented 219 35.5
    Fully owned 135 21.9
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
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