Suburb Profile Report for Bracken Ridge QLD (4017)

Bracken Ridge House: Median price $505,000, Annual capital growth 1.98%, Number of sales 257, Weekly median advertised rent $445

Bracken Ridge Unit: Median price $319,000, Annual capital growth -0.88%, Number of sales 36, Weekly median advertised rent $378

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

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

  • House Report
  • Unit Report

Investment property in Bracken Ridge has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.02%

Over the longer term, Bracken Ridge has seen property prices show investors a 4.12% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Bracken Ridge should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $445 and the average annual increase in value of a median property of 1.98%, investors should hope to achieve an overall return of 4.58%

QLD has seen average median house prices change by -0.33% which means that Bracken Ridge, 4017 has not done well for property investors by showing a capital gain of 2.90% over the last year

Taking the average capital gain, or increase in median house value, Bracken Ridge,4017 has racked up an average of 2.90% over the period. This ranks it number 1127th in the whole country for real estate investors looking at median house price increases.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Bracken Ridge itself are offering an average vendor discount of -3.67% to real estate investors.

Situated 15.99km from the CBD, Bracken Ridge is one of Brisbane (C) localities in the postcode 4017.

Metrics i HOUSE UNIT
$505,000 $319,000
2.54% 1.27%
2.02% 2.90%
1.98% -0.88%
$445 $378
257 36
4.58% 6.15%
59.7705627705628 87.9310344827586

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

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 16799
Median household income ($/weekly) 1511
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2275 13.5
    25-34 years 2255 13.4
    35-44 years 2439 14.5
    45-54 years 2323 13.8
    55-64 years 2057 12.2
    Others 5450 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 6439 51.9
    Not Married 4778 38.5
    Defacto Relationship 1185 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 12534 78.1
    Papua New Guinea 791 4.9
    Philippines 362 2.3
    United Kingdom 776 4.8
    Other 467 2.9
    Others 1116 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 137 0.9
    Christianity 11608 75.5
    Hinduism 213 1.4
    Islam 126 0.8
    No Religion 3158 20.5
    Others 130 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 506 9.8
    $1,250-$1,499 470 9.1
    $1,500-$1,999 845 16.4
    $2,000-$2,499 719 14.0
    $2,500-$2,999 488 9.5
    Others 2115 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5727 44.9
    Not in the labour force 3576 28.1
    Employed, worked part-time 2509 19.7
    Employed, away from work 491 3.9
    Unemployed, looking for work 442 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1442 16.5
    Technicians & trades workers 1274 14.6
    Community & personal service workers 919 10.5
    Clerical & administrative workers 1663 19.1
    Sales 968 11.1
    Others 2461 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 211 5.4
    Infants/Primary 1535 39.1
    Secondary 1106 28.2
    Technical or Further Educational Institution 380 9.7
    University or other Tertiary Institutions 604 15.4
    Others 91 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14758 92.0
    Semi-detached, row or terrace house, townhouse 1217 7.6
    Flat, unit or apartment 57 0.4
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2391 42.4
    Fully owned 1727 30.6
    Rented 1472 26.1
    Other tenure type 45 0.8
    Tenure Type
Census 2011, ABS
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