Suburb Profile Report for Eight Mile Plains QLD (4113)

Eight Mile Plains House: Median price $750,000, Annual capital growth 3.71%, Number of sales 106, Weekly median advertised rent $500

Eight Mile Plains Unit: Median price $380,000, Annual capital growth 0.70%, Number of sales 65, Weekly median advertised rent $425

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

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

  • House Report
  • Unit Report

Over the last year, property investments in Eight Mile Plains, 4113 have given investors a capital gain of -1.83%. This compares badly with the 1.05% for QLD as a whole.

The five-year average increase in median property values for Eight Mile Plains,4113 has given property investors a potential capital gain of 15.83% across each of those five years.

Property buyers and investors in Eight Mile Plains 4113 should be seeing an average reduction in asking price of around -6.35% . This means that Eight Mile Plains is holding prices well when compared to other suburbs in QLD.

Residents and property investors in Eight Mile Plains have been waiting around 60.2099 days to sell a property.

Advertised rents are around the $500 mark per week – giving a return of 3.47% based on the median price in Suburb

With a capital gain of -1.55% for the last 12 months, Eight Mile Plains, 4113 has performed for property investments than its average annual 0.70% property growth over the last 5 years.

While Eight Mile Plains,4113 ranked number 187th in QLD for increase in median house value (annualised) increase, it is ranked 214th over the last 5 years.

Sellers are offering property buyers an average discount of -5.23% to buyers in Eight Mile Plains at the moment, which is less than average for the rest of QLD.

Renters in Suburb are facing rents around $22100 per annum or $425 every week.

Metrics i HOUSE UNIT
$750,000 $380,000
0.00% -0.65%
-1.83% -1.55%
3.71% 0.70%
$500 $425
106 65
3.47% 5.82%
60.2098765432099 98.5818181818182

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

DSR Score for property investment : Balanced (H), 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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