Suburb Profile Report for Pimpama QLD (4209)

Pimpama House: Median price $500,000, Annual capital growth 2.74%, Number of sales 498, Weekly median advertised rent $450

Pimpama Unit: Median price $395,000, Annual capital growth 1.18%, Number of sales 60, Weekly median advertised rent $400

  • 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.

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Property value increases in Pimpama have tracked just lower than the QLD average of 12.16% over the last 12 months.

Across a shorter period, Pimpama, 4209 has seen a median price increase of 4.17% over the last quarter.

Property investors looking for a bargain in Pimpama should be aiming for at least -3.59% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Pimpama have been waiting around 46.7086 days to sell a property.

Advertised rents are around the $450 mark per week – giving a return of 4.68% based on the median price in Suburb

Pimpama is an average performer in QLD when comparing median price capital growth over the last year. Pimpama gave property investors a good capital gain figure when compared to the rest of the state, with 12.86%.

Over the longer term, Pimpama has seen property prices show investors a -0.85% return over the last 3 years. This is an improvement over the last 12 months

Pimpama, 4209 is offering QLD ‘s 202th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this QLD.

Residents and property investors in Pimpama have been waiting around 41.6923 days to sell a property.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Information supplied by:


May 2017

M
O

W
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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
$500,000 $395,000
4.17% 7.85%
6.38% 12.86%
2.74% 1.18%
$450 $400
498 60
4.68% 5.27%
46.7085714285714 41.6923076923077

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 : Good (H), Good (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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