Suburb Profile Report for Labrador QLD (4215)

Labrador House: Median price $540,000, Annual capital growth 3.32%, Number of sales 255, Weekly median advertised rent $450

Labrador Unit: Median price $380,000, Annual capital growth 2.28%, Number of sales 513, Weekly median advertised rent $390

  • 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.

  • House Report
  • Unit Report

Labrador, 4215 ranked 95th in QLD when comparing growth in median property values or capital gain over the last 12 months. Labrador is one of 2415 in our list for QLD

The five-year average increase in median property values for Labrador,4215 has given property investors a potential capital gain of 12.50% across each of those five years.

Property investors looking for a bargain in Labrador should be aiming for at least -4.93% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 3.32%, investors should hope to achieve an overall return of 4.33%

With a capital gain of 10.14% for the last 12 months, Labrador, 4215 has performed for property investments than its average annual 2.28% property growth over the last 5 years.

While Labrador,4215 ranked number 188th in QLD for increase in median house value (annualised) increase, it is ranked 94th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Labrador, 4215. Typically our figures indicate that -3.98% is being offered, which puts this QLD suburb at 545th most discounted overall in Australia.

On average over the past year, suburb has had 42.75 sales per month, which equates to 513 per year.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 2.28%, investors should hope to achieve an overall return of 5.34%

Metrics i HOUSE UNIT
$540,000 $380,000
8.54% 2.08%
24.86% 10.14%
3.32% 2.28%
$450 $390
255 513
4.33% 5.34%
50.6626506024097 65.0293159609121

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), 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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