Suburb Profile Report for Cedar Grove QLD (4285)

Cedar Grove House: Median price $480,000, Annual capital growth 1.78%, Number of sales 25, Weekly median advertised rent $450

  • 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

Investment property in Cedar Grove has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.26%

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

LACK OF BUYER INTEREST may well be the reason that Cedar Grove is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 622th in terms of most discounted suburbs in QLD

Residents and property investors in Cedar Grove have been waiting around 72.8333 days to sell a property.

Metrics i HOUSE UNIT
$480,000 N/A
4.69% N/A
5.26% N/A
1.78% N/A
$450 N/A
25 N/A
4.88% N/A
72.8333333333333 N/A

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 : Good (H), Above average (U)
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Demographics
Total population 2020
Median household income ($/weekly) 1513
Median age of persons 37
Median housing loan repayment ($/monthly) 1738
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 366 18.1
    25-34 years 174 8.6
    35-44 years 391 19.4
    45-54 years 332 16.4
    55-64 years 217 10.7
    Others 540 26.7
    Age Group
    Census Count Percent(%)
    Registered Married 789 55.8
    Not Married 444 31.4
    Defacto Relationship 181 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1573 81.3
    New Zealand 17 0.9
    Papua New Guinea 99 5.1
    United Kingdom 154 8.0
    Other 32 1.7
    Others 59 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 1403 74.7
    No Religion 458 24.4
    Buddhism 8 0.4
    Other Religious Groups 8 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 57 10.3
    $1,000-$1,249 53 9.5
    $1,250-$1,499 53 9.5
    $1,500-$1,999 97 17.4
    $2,000-$2,499 86 15.5
    Others 210 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 674 46.0
    Not in the labour force 388 26.5
    Employed, worked part-time 275 18.8
    Employed, away from work 70 4.8
    Unemployed, looking for work 57 3.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 199 19.6
    Clerical & administrative workers 146 14.4
    Sales 114 11.2
    Machinery operators & drivers 118 11.6
    Labourers 116 11.4
    Others 324 31.9
    Occupation
    Census Count Percent(%)
    Pre-school 23 4.4
    Infants/Primary 236 44.8
    Secondary 186 35.3
    Technical or Further Educational Institution 42 8.0
    University or other Tertiary Institutions 26 4.9
    Others 14 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1924 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 416 67.4
    Fully owned 138 22.4
    Rented 59 9.6
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
Chart Table