Suburb Profile Report for Paradise Point QLD (4216)

Paradise Point House: Median price $971,000, Annual capital growth 1.78%, Number of sales 150, Weekly median advertised rent $595

Paradise Point Unit: Median price $680,000, Annual capital growth 4.78%, Number of sales 79, Weekly median advertised rent $448

  • 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

Paradise Point has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 12.74% to date .

The five-year average increase in median property values for Paradise Point,4216 has given property investors a potential capital gain of 16.64% across each of those five years.

Sellers are offering property buyers an average discount of -7.03% to buyers in Paradise Point at the moment, which is less than average for the rest of QLD.

On average over the past year, suburb has had 12.50 sales per month, which equates to 150 per year.

With the median price for a house in Paradise Point being $971000 and the advertised rent reaching $595 the gross rental yield for property investors calculates out to be 3.19%

Paradise Point, 4216 ranked 281th in QLD when comparing growth in median property values or capital gain over the last 12 months. Paradise Point is one of 2415 in our list for QLD

The five-year average increase in median property values for Paradise Point,4216 has given property investors a potential capital gain of 17.24% across each of those five years.

Property investors looking for a bargain in Paradise Point should be aiming for at least -7.72% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Paradise Point have been waiting around 91.814 days to sell a property.

Using the current median advertised rental of $447.5 and the average annual increase in value of a median property of 4.78%, investors should hope to achieve an overall return of 3.42%

Metrics i HOUSE UNIT
$971,000 $680,000
2.75% -11.69%
12.74% -9.93%
1.78% 4.78%
$595 $448
150 79
3.19% 3.42%
87.0408163265306 91.8139534883721

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), Balanced (U)
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Demographics
Total population 5929
Median household income ($/weekly) 1163
Median age of persons 47
Median housing loan repayment ($/monthly) 2297
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 567 9.6
    35-44 years 831 14.0
    45-54 years 880 14.8
    55-64 years 1040 17.5
    65-74 years 735 12.4
    Others 1877 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 2472 53.5
    Not Married 1676 36.3
    Defacto Relationship 470 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3853 69.9
    Papua New Guinea 457 8.3
    South Africa 90 1.6
    United Kingdom 506 9.2
    Other 210 3.8
    Others 399 7.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 86 1.6
    Christianity 4137 77.2
    Islam 41 0.8
    Judaism 22 0.4
    No Religion 1049 19.6
    Others 26 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 227 10.4
    $600-$799 197 9.0
    $800-$999 212 9.7
    $1,500-$1,999 215 9.9
    $2,500-$2,999 194 8.9
    Others 1132 52.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1887 39.6
    Employed, worked full-time 1654 34.7
    Employed, worked part-time 900 18.9
    Employed, away from work 167 3.5
    Unemployed, looking for work 162 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 559 20.6
    Professionals 487 17.9
    Technicians & trades workers 344 12.6
    Clerical & administrative workers 410 15.1
    Sales 341 12.5
    Others 579 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 59 6.1
    Infants/Primary 359 36.8
    Secondary 282 28.9
    Technical or Further Educational Institution 76 7.8
    University or other Tertiary Institutions 153 15.7
    Others 46 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3536 63.4
    Semi-detached, row or terrace house, townhouse 1262 22.6
    Flat, unit or apartment 770 13.8
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 849 35.5
    Rented 842 35.2
    Being purchased 688 28.8
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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