Suburb Profile Report for Algester QLD (4115)

Algester House: Median price $510,000, Annual capital growth 3.90%, Number of sales 121, Weekly median advertised rent $425

Algester Unit: Median price $370,000, Annual capital growth 6.84%, Number of sales 54, Weekly median advertised rent $363

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2543th in the list of Australian suburbs ordered by increase in median house value over the last year, Algester, 4115 is in the BOTTOM 40% with a property value increase of 4.08% recorded in median house prices.

The five-year average increase in median property values for Algester,4115 has given property investors a potential capital gain of 27.82% across each of those five years.

Property investors looking for a bargain in Algester should be aiming for at least -3.37% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $5100 per annum or $425 every week.

With a capital gain of 18.97% for the last 12 months, Algester, 4115 has performed for property investments than its average annual 6.84% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Algester comes in at number 69th in QLD.

Vendor discounting in Algester is giving property investors an average Vendor Discount of around -4.68%. This puts suburb at number 219th in QLD when ranking the most discounted suburbs.

The QLD suburb of Algester, 4115 is in the Brisbane local government area.

Metrics i HOUSE UNIT
$510,000 $370,000
2.00% 7.25%
4.08% 18.97%
3.90% 6.84%
$425 $363
121 54
4.33% 5.09%
46.81 75.16

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8262
Median household income ($/weekly) 1437
Median age of persons 34
Median housing loan repayment ($/monthly) 1941
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1006 12.2
    25-34 years 1456 17.6
    35-44 years 1174 14.2
    45-54 years 990 12.0
    55-64 years 1004 12.2
    Others 2632 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 2991 50.2
    Not Married 2374 39.8
    Defacto Relationship 599 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4830 63.3
    Croatia 243 3.2
    Papua New Guinea 588 7.7
    United Kingdom 435 5.7
    Other 536 7.0
    Others 1001 13.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 229 3.1
    Christianity 4968 67.1
    Hinduism 85 1.1
    Islam 237 3.2
    No Religion 1791 24.2
    Others 89 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 224 8.9
    $800-$999 223 8.9
    $1,000-$1,249 258 10.3
    $1,500-$1,999 399 15.9
    $2,000-$2,499 348 13.9
    Others 1056 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2725 43.9
    Not in the labour force 1814 29.2
    Employed, worked part-time 1175 18.9
    Employed, away from work 264 4.3
    Unemployed, looking for work 230 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 726 17.4
    Technicians & trades workers 614 14.7
    Clerical & administrative workers 823 19.8
    Sales 433 10.4
    Labourers 418 10.0
    Others 1149 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 96 5.5
    Infants/Primary 636 36.6
    Secondary 451 26.0
    Technical or Further Educational Institution 173 10.0
    University or other Tertiary Institutions 320 18.4
    Others 60 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6591 87.1
    Semi-detached, row or terrace house, townhouse 626 8.3
    Flat, unit or apartment 310 4.1
    Caravan, cabin, houseboat 40 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1203 44.5
    Rented 758 28.0
    Fully owned 738 27.3
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals