Suburb Profile Report for Labrador QLD (4215)

Labrador House: Median price $430,000, Annual capital growth 0.21%, Number of sales 171, Weekly median advertised rent $430

Labrador Unit: Median price $345,000, Annual capital growth 0.93%, Number of sales 383, Weekly median advertised rent $390

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

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

  • House Report
  • Unit Report

Investment property in Labrador has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.82%

Taking the average capital gain, or increase in median house value, Labrador,4215 has racked up an average of -2.82% over the period. This ranks it number 3704th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Labrador should be aiming for at least -7.53% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Labrador have been waiting around 68.029 days to sell a property.

Investment property in Labrador has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.43%

Across a shorter period, Labrador, 4215 has seen a median price increase of 0.00% over the last quarter.

Labrador4215 is located in QLD which offers an average discount of -6.19% to property investors. Labrador itself is showing figures that indicate -6.30% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $20280 per annum or $390 every week.

Metrics i HOUSE UNIT
$430,000 $345,000
-6.09% 0.00%
-2.82% -1.43%
0.21% 0.93%
$430 $390
171 383
5.20% 5.88%
68.0289855072464 91.3212851405622

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 16401
Median household income ($/weekly) 862
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 2663 16.2
    35-44 years 2224 13.6
    45-54 years 2058 12.5
    55-64 years 1999 12.2
    65-74 years 1518 9.3
    Others 5939 36.2
    Age Group
    Census Count Percent(%)
    Not Married 6391 52.9
    Registered Married 4020 33.3
    Defacto Relationship 1660 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 9727 65.0
    Papua New Guinea 1628 10.9
    Philippines 193 1.3
    United Kingdom 934 6.2
    Other 869 5.8
    Others 1606 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 301 2.1
    Christianity 9525 66.7
    Hinduism 110 0.8
    Islam 390 2.7
    No Religion 3797 26.6
    Others 157 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 657 10.4
    $400-$599 888 14.1
    $600-$799 862 13.7
    $800-$999 725 11.5
    $1,500-$1,999 653 10.4
    Others 2521 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4714 37.2
    Employed, worked full-time 4224 33.3
    Employed, worked part-time 2465 19.5
    Unemployed, looking for work 799 6.3
    Employed, away from work 467 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1100 15.4
    Technicians & trades workers 1098 15.3
    Community & personal service workers 970 13.6
    Clerical & administrative workers 930 13.0
    Sales 934 13.1
    Others 2123 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 174 6.0
    Infants/Primary 820 28.4
    Secondary 525 18.2
    Technical or Further Educational Institution 391 13.5
    University or other Tertiary Institutions 853 29.5
    Others 124 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 5602 38.7
    Flat, unit or apartment 4837 33.4
    Separate house 4013 27.7
    Caravan, cabin, houseboat 11 0.1
    House or flat attached to a shop, office 9 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3467 51.6
    Being purchased 1759 26.2
    Fully owned 1452 21.6
    Other tenure type 36 0.5
    Tenure Type
Census 2011, ABS
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