Suburb Profile Report for Gaythorne QLD (4051)

Gaythorne House: Median price $710,000, Annual capital growth 3.76%, Number of sales 23, Weekly median advertised rent $463

Gaythorne Unit: Median price $381,000, Annual capital growth 1.89%, Number of sales 39, Weekly median advertised rent $380

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Investment property in Gaythorne has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.20%

Gaythorne,4051 has offered an average of 3.20% return per annum in house price rises to property investors over the last three years.

In the last year 23 properties changed hands in Gaythorne, which puts it as the 644th most active market in QLD when comparing the number of sales per suburb.

A $462.5 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 3.76%.

If you compare the increase in value of investment property in Gaythorne, 4051 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.53%.

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

The most recent median price for Gaythorne is $381000, with sellers offering an average of -5.95% off the asking price.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.19%, without taking into account capital value appreciation, which has been averaging out at 1.89%.

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
$710,000 $381,000
5.97% 0.66%
3.20% 3.53%
3.76% 1.89%
$463 $380
23 39
3.39% 5.19%
65.1428571428571 72.6470588235294

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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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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