Suburb Profile Report for Seventeen Mile Rocks QLD (4073)

Seventeen Mile Rocks House: Median price $632,500, Annual capital growth 4.50%, Number of sales 42, Weekly median advertised rent $488

  • 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.

  • House Report

Property value increases in Seventeen Mile Rocks have tracked just higher than the QLD average of 0.78% over the last 12 months.

Comparing Seventeen Mile Rocks,4073 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Vendor discounting in Seventeen Mile Rocks is giving property investors an average Vendor Discount of around -4.64%. This puts suburb at number 646th in QLD when ranking the most discounted suburbs.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

With the median price for a house in Seventeen Mile Rocks being $632500 and the advertised rent reaching $487.5 the gross rental yield for property investors calculates out to be 4.01%

Metrics i HOUSE UNIT
$632,500 N/A
3.60% N/A
1.85% N/A
4.50% N/A
$488 N/A
42 N/A
4.01% N/A
63.9375 N/A

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), Balanced (U)
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Demographics
Total population 2969
Median household income ($/weekly) 2107
Median age of persons 34
Median housing loan repayment ($/monthly) 2200
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 307 10.3
    5-14 years 448 15.1
    25-34 years 450 15.1
    35-44 years 592 19.9
    45-54 years 394 13.3
    Others 780 26.3
    Age Group
    Census Count Percent(%)
    Registered Married 1284 60.4
    Not Married 624 29.3
    Defacto Relationship 219 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2149 73.6
    Papua New Guinea 109 3.7
    South Africa 69 2.4
    United Kingdom 162 5.5
    Other 149 5.1
    Others 283 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 1.7
    Christianity 1950 68.9
    Hinduism 47 1.7
    Other Religious Groups 26 0.9
    No Religion 729 25.8
    Others 29 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 67 7.1
    $1,500-$1,999 137 14.6
    $2,000-$2,499 119 12.6
    $2,500-$2,999 150 15.9
    $3,000-$3,499 122 13.0
    Others 346 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1131 51.6
    Employed, worked part-time 449 20.5
    Not in the labour force 445 20.3
    Employed, away from work 98 4.5
    Unemployed, looking for work 68 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 267 15.9
    Professionals 536 32.0
    Technicians & trades workers 182 10.9
    Community & personal service workers 144 8.6
    Clerical & administrative workers 262 15.6
    Others 286 17.1
    Occupation
    Census Count Percent(%)
    Pre-school 60 7.9
    Infants/Primary 330 43.5
    Secondary 167 22.0
    Technical or Further Educational Institution 44 5.8
    University or other Tertiary Institutions 138 18.2
    Others 20 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2752 94.3
    Semi-detached, row or terrace house, townhouse 153 5.2
    Flat, unit or apartment 13 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 537 53.9
    Fully owned 241 24.2
    Rented 216 21.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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