Suburb Profile Report for Eight Mile Plains QLD (4113)

Eight Mile Plains House: Median price $810,000, Annual capital growth 3.42%, Number of sales 131, Weekly median advertised rent $505

Eight Mile Plains Unit: Median price $393,000, Annual capital growth 0.32%, Number of sales 81, Weekly median advertised rent $420

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a a poor capital gain of 5.54% for the last year, Eight Mile Plains, 4113 is the 3439th highest performer in Australia in this respect.

The five-year average increase in median property values for Eight Mile Plains,4113 has given property investors a potential capital gain of 8.72% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Eight Mile Plains is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 151th in terms of most discounted suburbs in QLD

Giving property investors a an average capital gain of 6.22% for the last year, Eight Mile Plains, 4113 is the 861th highest performer in Australia in this respect.

While Eight Mile Plains,4113 ranked number 189th in QLD for increase in median house value (annualised) increase, it is ranked 227th over the last 5 years.

Property investors looking for a bargain in Eight Mile Plains should be aiming for at least -3.47% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$810,000 $393,000
5.19% 2.08%
5.54% 6.22%
3.42% 0.32%
$505 $420
131 81
3.24% 5.56%
54.4838709677419 52.5208333333333

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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