Suburb Profile Report for Runaway Bay QLD (4216)

Runaway Bay House: Median price $985,000, Annual capital growth 2.96%, Number of sales 120, Weekly median advertised rent $660

Runaway Bay Unit: Median price $487,000, Annual capital growth 1.43%, Number of sales 143, Weekly median advertised rent $420

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 5.91% for the last year, Runaway Bay, 4216 is the 813th highest performer in Australia in this respect.

A 21.76% growth in median value for property investors in Runaway Bay,4216 puts this suburb at number 19th in terms of best performing suburbs in QLD

Runaway Bay4216 is located in QLD which offers an average discount of -6.96% to property investors. Runaway Bay itself is showing figures that indicate -9.09% is the average achievable by property buyers investing in the suburb.

A $660 per week rent on the median house gives suburb investors a gross yield of circa 3.48%, without taking into account capital value appreciation, which has been averaging out at 2.96%.

Over the last year, property investments in Runaway Bay, 4216 have given investors a capital gain of 0.41%. This compares averagely with the -0.84% for QLD as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Runaway Bay has increased when compared to the 5 year average annual rate.

The most recent median price for Runaway Bay is $487000, with sellers offering an average of -6.93% off the asking price.

Advertised rents are around the $420 mark per week – giving a return of 4.48% based on the median price in Suburb

Metrics i HOUSE UNIT
$985,000 $487,000
12.19% -0.61%
5.91% 0.41%
2.96% 1.43%
$660 $420
120 143
3.48% 4.48%
91.021052631579 90.641975308642

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 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 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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