Suburb Profile Report for Eight Mile Plains QLD (4113)

Eight Mile Plains House: Median price $746,500, Annual capital growth 3.77%, Number of sales 100, Weekly median advertised rent $500

Eight Mile Plains Unit: Median price $380,000, Annual capital growth 0.70%, Number of sales 69, Weekly median advertised rent $428

  • 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

Property value increases in Eight Mile Plains have tracked close to the QLD average of 0.88% over the last 12 months.

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

Sellers are offering property buyers an average discount of -6.54% to buyers in Eight Mile Plains at the moment, which is less than average for the rest of QLD.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.77%, investors should hope to achieve an overall return of 3.48%

Over the last year, property investments in Eight Mile Plains, 4113 have given investors a capital gain of -1.30%. This compares averagely with the -0.13% for QLD as a whole.

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

LACK OF BUYER INTEREST may well be the reason that Eight Mile Plains is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 155th in terms of most discounted suburbs in QLD

Situated 13.93km from the CBD, Eight Mile Plains is one of Brisbane (C) localities in the postcode 4113.

Metrics i HOUSE UNIT
$746,500 $380,000
-0.47% -0.13%
-1.13% -1.30%
3.77% 0.70%
$500 $428
100 69
3.48% 5.85%
63.6282051282051 98.5087719298246

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 : Balanced (H), Very good (U)
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Demographics
Total population 13378
Median household income ($/weekly) 1471
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.9
  • Census Count Percent(%)
    20-24 years 1447 10.8
    25-34 years 2561 19.1
    35-44 years 1758 13.1
    45-54 years 1717 12.8
    55-64 years 1556 11.6
    Others 4340 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 5312 50.8
    Not Married 4491 42.9
    Defacto Relationship 659 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 6425 49.7
    Croatia 1001 7.7
    Lebanon 791 6.1
    Papua New Guinea 545 4.2
    Other 1328 10.3
    Others 2842 22.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 872 7.0
    Christianity 7301 58.9
    Hinduism 410 3.3
    Islam 470 3.8
    No Religion 2970 24.0
    Others 364 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 352 8.6
    $1,250-$1,499 345 8.5
    $1,500-$1,999 547 13.4
    $2,000-$2,499 431 10.6
    $2,500-$2,999 393 9.6
    Others 2012 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4208 39.4
    Not in the labour force 3474 32.5
    Employed, worked part-time 2150 20.1
    Unemployed, looking for work 485 4.5
    Employed, away from work 365 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 784 11.7
    Professionals 1802 26.8
    Technicians & trades workers 827 12.3
    Clerical & administrative workers 1129 16.8
    Sales 627 9.3
    Others 1553 23.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 880 24.8
    Secondary 720 20.3
    Technical or Further Educational Institution 331 9.3
    University or other Tertiary Institutions 1328 37.4
    Other type of educational institution 154 4.3
    Others 141 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9715 76.0
    Semi-detached, row or terrace house, townhouse 2466 19.3
    Caravan, cabin, houseboat 578 4.5
    Flat, unit or apartment 11 0.1
    House or flat attached to a shop, office 5 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1488 33.7
    Rented 1463 33.1
    Fully owned 1444 32.7
    Other tenure type 20 0.5
    Tenure Type
Census 2011, ABS
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