Suburb Profile Report for Arundel QLD (4214)

Arundel House: Median price $557,000, Annual capital growth 2.18%, Number of sales 150, Weekly median advertised rent $540

Arundel Unit: Median price $365,000, Annual capital growth 1.58%, Number of sales 40, Weekly median advertised rent $413

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

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

  • House Report
  • Unit Report

Property value increases in Arundel have tracked just lower than the QLD average of 0.78% over the last 12 months.

If we look at median property appreciation over just the last three months, Arundel has given property investors a paper return of -0.36%. This puts Suburb as 480 on a list of fastest fasting appreciating suburbs in QLD

Sellers are offering property buyers an average discount of -6.02% to buyers in Arundel at the moment, which is less than average for the rest of QLD.

At number 1737 in a list of fastest selling suburbs, Arundel is just in the top half of suburbs in Australia with an average of days on market 75.7863 for properties listed there.

A $540 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 2.18%.

Property value increases in Arundel have tracked higher than the QLD average of -0.57% over the last 12 months.

Over the longer term, Arundel has seen property prices show investors a 9.12% return over the last 3 years. This is an improvement over the last 12 months

At number 90th of QLD’s most discounted properties, Arundel is in the bottom 40% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.

Using the current median advertised rental of $412.5 and the average annual increase in value of a median property of 1.58%, investors should hope to achieve an overall return of 5.88%

Metrics i HOUSE UNIT
$557,000 $365,000
-0.36% 1.39%
-3.13% 10.61%
2.18% 1.58%
$540 $413
150 40
5.04% 5.88%
75.7862595419847 63.7083333333333

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 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 9573
Median household income ($/weekly) 1272
Median age of persons 36
Median housing loan repayment ($/monthly) 2050
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1340 14.0
    25-34 years 1167 12.2
    35-44 years 1424 14.9
    45-54 years 1423 14.9
    55-64 years 1005 10.5
    Others 3215 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 3411 49.8
    Not Married 2771 40.5
    Defacto Relationship 666 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5825 65.1
    Croatia 123 1.4
    Papua New Guinea 932 10.4
    United Kingdom 642 7.2
    Other 376 4.2
    Others 1050 11.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 142 1.7
    Christianity 5907 69.0
    Hinduism 78 0.9
    Islam 293 3.4
    No Religion 2093 24.4
    Others 53 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 301 10.4
    $1,000-$1,249 325 11.2
    $1,250-$1,499 292 10.1
    $1,500-$1,999 414 14.3
    $2,000-$2,499 296 10.2
    Others 1274 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2773 38.8
    Not in the labour force 2302 32.2
    Employed, worked part-time 1501 21.0
    Unemployed, looking for work 342 4.8
    Employed, away from work 236 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 550 12.2
    Professionals 792 17.6
    Technicians & trades workers 620 13.7
    Clerical & administrative workers 657 14.6
    Sales 587 13.0
    Others 1305 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 124 5.2
    Infants/Primary 889 37.2
    Secondary 664 27.8
    Technical or Further Educational Institution 189 7.9
    University or other Tertiary Institutions 454 19.0
    Others 67 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7021 80.5
    Semi-detached, row or terrace house, townhouse 1241 14.2
    Flat, unit or apartment 459 5.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1284 40.8
    Rented 1081 34.4
    Fully owned 775 24.6
    Other tenure type 7 0.2
    Tenure Type
Census 2011, ABS
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