Suburb Profile Report for Kuraby QLD (4112)

Kuraby House: Median price $705,000, Annual capital growth 4.00%, Number of sales 75, Weekly median advertised rent $460

Kuraby Unit: Median price $291,250, Annual capital growth -0.37%, Number of sales 16, Weekly median advertised rent $380

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

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

  • House Report
  • Unit Report

At number 1469th in the list of Australian suburbs ordered by increase in median house value over the last year, Kuraby, 4112 is in the top 40% with a property value increase of 1.59% recorded in median house prices.

Over the longer term, Kuraby has seen property prices show investors a 8.88% return over the last 3 years. This is worse than over the last 12 months

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Kuraby itself are offering an average vendor discount of -5.55% to real estate investors.

A $460 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 4.00%.

Property value increases in Kuraby have tracked close to the QLD average of -0.13% over the last 12 months.

Over the longer term, Kuraby has seen property prices show investors a -3.72% return over the last 3 years. This is an improvement over the last 12 months

In the last year 16 properties changed hands in Kuraby, which puts it as the 262th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of -0.37%, investors should hope to achieve an overall return of 6.78%

Metrics i HOUSE UNIT
$705,000 $291,250
-2.76% -0.60%
1.59% -1.27%
4.00% -0.37%
$460 $380
75 16
3.39% 6.78%
69.9838709677419 106

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 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 7776
Median household income ($/weekly) 1600
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 1248 16.0
    25-34 years 1059 13.6
    35-44 years 1158 14.9
    45-54 years 1016 13.1
    55-64 years 776 10.0
    Others 2520 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 3224 58.8
    Not Married 2011 36.7
    Defacto Relationship 249 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3955 53.7
    Indonesia 310 4.2
    Papua New Guinea 301 4.1
    South Africa 271 3.7
    Other 913 12.4
    Others 1621 22.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 375 5.2
    Christianity 3838 53.5
    Hinduism 242 3.4
    Islam 1497 20.9
    No Religion 1062 14.8
    Others 158 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 183 8.7
    $1,250-$1,499 188 9.0
    $1,500-$1,999 297 14.2
    $2,000-$2,499 230 11.0
    $2,500-$2,999 253 12.1
    Others 947 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2308 40.9
    Not in the labour force 1906 33.8
    Employed, worked part-time 1019 18.1
    Unemployed, looking for work 221 3.9
    Employed, away from work 183 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 454 12.9
    Professionals 885 25.2
    Technicians & trades workers 444 12.6
    Clerical & administrative workers 585 16.6
    Sales 356 10.1
    Others 790 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 117 5.4
    Infants/Primary 794 36.4
    Secondary 601 27.5
    Technical or Further Educational Institution 163 7.5
    University or other Tertiary Institutions 455 20.8
    Others 54 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6642 90.7
    Semi-detached, row or terrace house, townhouse 541 7.4
    Flat, unit or apartment 144 2.0
    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 973 42.8
    Fully owned 712 31.3
    Rented 541 23.8
    Other tenure type 46 2.0
    Tenure Type
Census 2011, ABS
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