Suburb Profile Report for Gaythorne QLD (4051)

Gaythorne House: Median price $745,750, Annual capital growth 4.15%, Number of sales 26, Weekly median advertised rent $468

Gaythorne Unit: Median price $411,125, Annual capital growth 0.84%, Number of sales 28, Weekly median advertised rent $385

  • 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.

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  • House Report
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At number 402th in the list of Australian suburbs ordered by increase in median house value over the last year, Gaythorne, 4051 is in the top 10% with a property value increase of 12.99% recorded in median house prices.

While Gaythorne,4051 ranked number 719th in QLD for increase in median house value (annualised) increase, it is ranked 392th over the last 5 years.

Gaythorne is 718th on a list of best yielding suburbs for rents in QLD with a 3.26% return

At number 273th in the list of Australian suburbs ordered by increase in median house value over the last year, Gaythorne, 4051 is in the top 20% with a property value increase of 9.63% recorded in median house prices.

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.

Our latest figures would indicate that property sellers in Gaythorne are currently offering property investors an average price cut of -4.44% below the asking price at the moment.

Information supplied by:


December 2017

M
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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
$745,750 $411,125
-1.88% 2.49%
12.99% 9.63%
4.15% 0.84%
$468 $385
26 28
3.26% 4.87%
72.1052631578947 83.8214285714286

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), 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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