Suburb Profile Report for Pimpama QLD (4209)

Pimpama House: Median price $469,000, Annual capital growth 0.77%, Number of sales 265, Weekly median advertised rent $440

Pimpama Unit: Median price $370,000, Annual capital growth 1.30%, Number of sales 28, Weekly median advertised rent $385

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 3018th in the list of Australian suburbs ordered by increase in median house value over the last year, Pimpama, 4209 is in the BOTTOM 30% with a property value increase of -3.30% recorded in median house prices.

While Pimpama,4209 ranked number 790th in QLD for increase in median house value (annualised) increase, it is ranked 518th over the last 5 years.

Our latest figures would indicate that property sellers in Pimpama are currently offering property investors an average price cut of -5.55% below the asking price at the moment.

Residents and property investors in Pimpama have been waiting around 95.316 days to sell a property.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 0.77%.

Over the last year, property investments in Pimpama, 4209 have given investors a capital gain of -8.52%. This compares very badly with the -0.33% for QLD as a whole.

While Pimpama,4209 ranked number 19th in QLD for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.

At number 116th of QLD’s most discounted properties, Pimpama is in the middle of the state/territory when listing in order of most discounted to least.

With the median price for a house in Pimpama being $370000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 5.41%

Information supplied by:


May 2017

M
O

W
E

The northern Gold Coast suburb of Pimpama has seen growth come with its urbanisation. The unit market, in particular, has become popular in recent years. The high rental yield of 5.4% for apartments appeals to investors, in this central area that is considered the midway point between Brisbane and Surfers Paradise. 

Following a slump in recent years, houses are beginning to recover and increase in value again, with the median price clocking in at $423,125. In terms of population growth, the Australian Bureau of Statistics reported that in the 2014-2015 period, Pimpama was the fastest-growing region in Queensland. 

It helps that various convenient amenities have been established here, including many schools and sports facilities. Many plans are also in place to improve the shopping district.


 
Metrics i HOUSE UNIT
$469,000 $370,000
-2.60% 10.45%
-3.30% -8.52%
0.77% 1.30%
$440 $385
265 28
4.88% 5.41%
95.3160377358491 106.619047619048

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 3211
Median household income ($/weekly) 1459
Median age of persons 29
Median housing loan repayment ($/monthly) 2400
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 326 10.2
    5-14 years 430 13.4
    25-34 years 647 20.2
    35-44 years 412 12.8
    45-54 years 346 10.8
    Others 1049 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 1019 47.2
    Not Married 705 32.6
    Defacto Relationship 436 20.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2273 75.2
    Papua New Guinea 302 10.0
    South Africa 28 0.9
    United Kingdom 177 5.9
    Other 85 2.8
    Others 156 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.4
    Christianity 1907 65.9
    Islam 17 0.6
    Other Religious Groups 15 0.5
    No Religion 903 31.2
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 81 8.7
    $1,000-$1,249 103 11.0
    $1,250-$1,499 101 10.8
    $1,500-$1,999 170 18.2
    $2,000-$2,499 116 12.4
    Others 364 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1034 45.1
    Not in the labour force 630 27.5
    Employed, worked part-time 438 19.1
    Unemployed, looking for work 104 4.5
    Employed, away from work 86 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 11.1
    Professionals 222 14.3
    Technicians & trades workers 271 17.4
    Clerical & administrative workers 229 14.7
    Labourers 183 11.8
    Others 479 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 63 9.0
    Infants/Primary 293 41.8
    Secondary 161 23.0
    Technical or Further Educational Institution 67 9.6
    University or other Tertiary Institutions 97 13.8
    Others 20 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2401 81.3
    Semi-detached, row or terrace house, townhouse 544 18.4
    Improvised home, tent, sleepers out 8 0.3
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 573 55.8
    Being purchased 307 29.9
    Fully owned 134 13.1
    Other tenure type 12 1.2
    Tenure Type
Census 2011, ABS
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