Suburb Profile Report for Bowen Hills QLD (4006)

Bowen Hills Unit: Median price $397,000, Annual capital growth -0.23%, Number of sales 118, Weekly median advertised rent $420

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • Unit Report

Bowen Hills has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.32% to date .

Taking the average capital gain, or increase in median house value, Bowen Hills,4006 has racked up an average of 2.32% over the period. This ranks it number 1503th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bowen Hills, 4006. Typically our figures indicate that -5.38% is being offered, which puts this QLD suburb at 199th most discounted overall in Australia.

In the last year 118 properties changed hands in Bowen Hills, which puts it as the 75th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Bowen Hills being $397000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.50%

YIP MAG Information supplied by:

YIP MAG


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The inner-city suburbs of Brisbane have had a well-documented struggle as a result of the number of new apartments that have popped up in recent years, and Bowen Hills is no exception.

In this suburb just 3km north of the Brisbane CBD, tenants are unlikely to struggle to find rental accommodation – its vacancy rate is currently 6.65%, according to Real Estate Investar.

There has been some improvement in the rental market though, as the vacancy rate has fallen from the 8.19% of 12 months ago.

Landlords who do manage to find a tenant are at least seeing decent rental returns, with yields currently sitting at 5%.

Investors will be hoping yields don’t fall any time soon, with capital growth conditions being relatively poor at the moment.

The median unit price currently sits at $426,000 and has only grown 3% in the last three years. The last 12 months alone have seen prices fall by 2%.
Metrics i HOUSE UNIT
N/A $397,000
N/A 4.47%
N/A 2.32%
N/A -0.23%
N/A $420
N/A 118
N/A 5.50%
N/A 96.0138888888889

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 1744
Median household income ($/weekly) 1458
Median age of persons 31
Median housing loan repayment ($/monthly) 2100
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 270 15.5
    25-34 years 581 33.3
    35-44 years 289 16.6
    45-54 years 187 10.7
    55-64 years 148 8.5
    Others 270 15.5
    Age Group
    Census Count Percent(%)
    Not Married 858 62.0
    Registered Married 301 21.8
    Defacto Relationship 224 16.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 995 62.8
    Indonesia 50 3.2
    Papua New Guinea 82 5.2
    United Kingdom 61 3.8
    Other 144 9.1
    Others 253 16.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 4.3
    Christianity 839 55.9
    Hinduism 38 2.5
    Islam 26 1.7
    No Religion 505 33.6
    Others 30 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 51 6.8
    $600-$799 60 8.0
    $1,500-$1,999 116 15.4
    $2,000-$2,499 65 8.6
    $2,500-$2,999 93 12.4
    Others 367 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 802 53.2
    Not in the labour force 353 23.4
    Employed, worked part-time 242 16.0
    Unemployed, looking for work 60 4.0
    Employed, away from work 51 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 148 13.5
    Professionals 340 31.1
    Technicians & trades workers 112 10.2
    Community & personal service workers 109 10.0
    Clerical & administrative workers 165 15.1
    Others 221 20.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 26 8.2
    Secondary 33 10.4
    Technical or Further Educational Institution 51 16.1
    University or other Tertiary Institutions 172 54.3
    Other type of educational institution 29 9.1
    Others 6 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1099 72.1
    Separate house 232 15.2
    Semi-detached, row or terrace house, townhouse 172 11.3
    House or flat attached to a shop, office 19 1.2
    Caravan, cabin, houseboat 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 593 72.8
    Being purchased 156 19.1
    Fully owned 60 7.4
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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