Suburb Profile Report for Gaythorne QLD (4051)

Gaythorne House: Median price $775,000, Annual capital growth 4.74%, Number of sales 33, Weekly median advertised rent $478

Gaythorne Unit: Median price $375,000, Annual capital growth 0.69%, Number of sales 43, Weekly median advertised rent $385

  • 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.

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With a capital gain of 7.64% for the last 12 months, Gaythorne, 4051 has performed for property investments than its average annual 4.74% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gaythorne has increased when compared to the 5 year average annual rate.

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

Gaythorne has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -6.77% to date .

Across a shorter period, Gaythorne, 4051 has seen a median price increase of 0.00% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.64% offered to property buyers. Sellers in Gaythorne itself are offering an average vendor discount of -3.93% to real estate investors.

A $385 per week rent on the median house gives suburb investors a gross yield of circa 5.34%, without taking into account capital value appreciation, which has been averaging out at 0.69%.

Information supplied by:


December 2017

M
O

W
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Houses slip over the quarter

Postcode: 4051

Median house price: $705,000

Three-year growth: 25.0%

Rental yield: 3.3%

On the slopes of Enoggera Hill 7km northwest of the Brisbane CBD lies Gaythorne, which was once part of the Enoggera suburb. As a neighbour to the capital, the suburb has been recording consistent growth over the past five years.

Nonetheless, house prices stumbled by 10% in the September 2017 quarter, falling to a median of $705,000. With vacancy rates falling by 0.7% compared to last year, however, it is a sign that there is still demand for houses in this area.

Gaythorne is dominated by houses constructed in the Queenslander style, and the streets, which are named after World War I sites, are lined with trees. Residents are served by the Gaythorne railway station on the Ferny Grove-City line.

Metrics i HOUSE UNIT
$775,000 $375,000
6.90% 0.00%
7.64% -6.77%
4.74% 0.69%
$478 $385
33 43
3.20% 5.34%
58.2272727272727 39.9375

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 : Good (U), Good (H)
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Demographics
Total population 2654
Median household income ($/weekly) 1386
Median age of persons 31
Median housing loan repayment ($/monthly) 1882
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 244 9.2
    20-24 years 285 10.7
    25-34 years 659 24.8
    35-44 years 454 17.1
    45-54 years 245 9.2
    Others 768 28.9
    Age Group
    Census Count Percent(%)
    Not Married 962 47.3
    Registered Married 718 35.3
    Defacto Relationship 354 17.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2131 83.3
    Indonesia 43 1.7
    Papua New Guinea 57 2.2
    United Kingdom 83 3.2
    Other 88 3.4
    Others 156 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 1.4
    Christianity 1651 67.5
    Hinduism 33 1.3
    Other Religious Groups 31 1.3
    No Religion 691 28.2
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 105 9.8
    $1,250-$1,499 98 9.2
    $1,500-$1,999 138 12.9
    $2,000-$2,499 121 11.3
    $2,500-$2,999 102 9.6
    Others 503 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1062 50.3
    Not in the labour force 512 24.2
    Employed, worked part-time 382 18.1
    Employed, away from work 89 4.2
    Unemployed, looking for work 67 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 184 12.0
    Professionals 442 28.8
    Technicians & trades workers 177 11.5
    Community & personal service workers 229 14.9
    Clerical & administrative workers 232 15.1
    Others 269 17.5
    Occupation
    Census Count Percent(%)
    Pre-school 43 7.6
    Infants/Primary 189 33.3
    Secondary 75 13.2
    Technical or Further Educational Institution 54 9.5
    University or other Tertiary Institutions 176 31.0
    Others 31 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1452 57.4
    Flat, unit or apartment 980 38.8
    Semi-detached, row or terrace house, townhouse 94 3.7
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 664 57.5
    Being purchased 306 26.5
    Fully owned 185 16.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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