Suburb Profile Report for Southport QLD (4215)

Southport House: Median price $610,000, Annual capital growth 3.24%, Number of sales 185, Weekly median advertised rent $490

Southport Unit: Median price $383,000, Annual capital growth -0.05%, Number of sales 760, Weekly median advertised rent $380

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

Property investors who have had real estate in Southport, 4215 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.61%

Taking the average capital gain, or increase in median house value, Southport,4215 has racked up an average of 10.61% over the period. This ranks it number 1671th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Southport is $610000, with sellers offering an average of -7.61% off the asking price.

Southport is in the bottom 40% in QLD when comparing median price capital growth over the last year. Southport gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.25%.

The five-year average increase in median property values for Southport,4215 has given property investors a potential capital gain of 27.67% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Southport is offering property investors an average of -5.73. This rate of discount on properties puts Suburb at number 87th in terms of most discounted suburbs in QLD

In the last year 760 properties changed hands in Southport, which puts it as the 2nd most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Southport being $383000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.16%

Metrics i HOUSE UNIT
$610,000 $383,000
0.00% -1.03%
10.61% -4.25%
3.24% -0.05%
$490 $380
185 760
4.18% 5.16%
87.63 96.29

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 28314
Median household income ($/weekly) 881
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 3198 11.3
    25-34 years 5000 17.7
    35-44 years 3631 12.8
    45-54 years 3194 11.3
    55-64 years 2991 10.6
    Others 10301 36.4
    Age Group
    Census Count Percent(%)
    Not Married 11426 54.6
    Registered Married 7059 33.8
    Defacto Relationship 2430 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 15628 61.0
    Lebanon 808 3.2
    Papua New Guinea 2057 8.0
    United Kingdom 1438 5.6
    Other 1708 6.7
    Others 3968 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 800 3.3
    Christianity 15614 63.9
    Hinduism 372 1.5
    Islam 664 2.7
    No Religion 6672 27.3
    Others 315 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1349 13.1
    $600-$799 1254 12.2
    $800-$999 1099 10.7
    $1,000-$1,249 1016 9.9
    $1,500-$1,999 1123 10.9
    Others 4453 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 8826 39.8
    Employed, worked full-time 6963 31.4
    Employed, worked part-time 4306 19.4
    Unemployed, looking for work 1302 5.9
    Employed, away from work 754 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2468 20.5
    Technicians & trades workers 1693 14.1
    Community & personal service workers 1608 13.4
    Clerical & administrative workers 1511 12.6
    Sales 1505 12.5
    Others 3240 26.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 1341 20.2
    Secondary 1305 19.7
    Technical or Further Educational Institution 738 11.1
    University or other Tertiary Institutions 2735 41.2
    Other type of educational institution 267 4.0
    Others 255 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9832 39.9
    Flat, unit or apartment 9172 37.2
    Semi-detached, row or terrace house, townhouse 5594 22.7
    Caravan, cabin, houseboat 40 0.2
    House or flat attached to a shop, office 31 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 6203 56.0
    Fully owned 2383 21.5
    Being purchased 2366 21.4
    Other tenure type 124 1.1
    Tenure Type
Census 2011, ABS
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