Suburb Profile Report for Runaway Bay QLD (4216)

Runaway Bay House: Median price $878,000, Annual capital growth 1.33%, Number of sales 115, Weekly median advertised rent $685

Runaway Bay Unit: Median price $500,000, Annual capital growth 1.80%, Number of sales 144, Weekly median advertised rent $420

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

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

  • House Report
  • Unit Report

QLD has seen average median house prices change by 0.88% which means that Runaway Bay, 4216 has done well for property investors by showing a capital gain of -5.59% over the last year

Across a shorter period, Runaway Bay, 4216 has seen a median price increase of -5.34% over the last quarter.

Property buyers and investors in Runaway Bay 4216 should be seeing an average reduction in asking price of around -8.57% . This means that Runaway Bay is holding prices well when compared to other suburbs in QLD.

In the last year 115 properties changed hands in Runaway Bay, which puts it as the 154th most active market in QLD when comparing the number of sales per suburb.

Property value increases in Runaway Bay have tracked just higher than the QLD average of -0.13% over the last 12 months.

A 25.00% growth in median value for property investors in Runaway Bay,4216 puts this suburb at number 65th in terms of best performing suburbs in QLD

Vendor discounting in Runaway Bay is giving property investors an average Vendor Discount of around -7.11%. This puts suburb at number 65th in QLD when ranking the most discounted suburbs.

At number 1065 in a list of fastest selling suburbs, Runaway Bay is in the bottom 20% of suburbs in Australia with an average of days on market 101.129 for properties listed there.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$878,000 $500,000
-5.34% 2.04%
-5.59% 2.04%
1.33% 1.80%
$685 $420
115 144
4.06% 4.37%
83.8222222222222 101.129411764706

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 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 8912
Median household income ($/weekly) 1065
Median age of persons 49
Median housing loan repayment ($/monthly) 2167
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 838 9.4
    35-44 years 1039 11.7
    45-54 years 1158 13.0
    55-64 years 1474 16.5
    65-74 years 1301 14.6
    Others 3102 34.8
    Age Group
    Census Count Percent(%)
    Registered Married 3714 53.9
    Not Married 2493 36.2
    Defacto Relationship 679 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5760 69.9
    Papua New Guinea 790 9.6
    South Africa 92 1.1
    United Kingdom 704 8.5
    Other 280 3.4
    Others 617 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 147 1.8
    Christianity 6234 77.7
    Islam 56 0.7
    Judaism 31 0.4
    No Religion 1506 18.8
    Others 48 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 390 11.8
    $600-$799 354 10.8
    $800-$999 397 12.1
    $1,000-$1,249 293 8.9
    $1,500-$1,999 331 10.1
    Others 1527 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3064 42.8
    Employed, worked full-time 2335 32.6
    Employed, worked part-time 1269 17.7
    Unemployed, looking for work 267 3.7
    Employed, away from work 220 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 574 15.0
    Professionals 674 17.6
    Technicians & trades workers 533 13.9
    Clerical & administrative workers 605 15.8
    Sales 558 14.6
    Others 881 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 6.1
    Infants/Primary 526 38.7
    Secondary 319 23.5
    Technical or Further Educational Institution 118 8.7
    University or other Tertiary Institutions 265 19.5
    Others 49 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4556 55.8
    Flat, unit or apartment 2018 24.7
    Semi-detached, row or terrace house, townhouse 1581 19.4
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1450 40.7
    Rented 1064 29.9
    Being purchased 956 26.8
    Other tenure type 94 2.6
    Tenure Type
Census 2011, ABS
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