Suburb Profile Report for Eastern Heights QLD (4305)

Eastern Heights House: Median price $319,500, Annual capital growth 1.86%, Number of sales 76, Weekly median advertised rent $300

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

If you compare the increase in value of investment property in Eastern Heights, 4305 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.88%.

When looking at the potential capital gains offered to property investors over the last 3 years, Eastern Heights comes in at number 144th in QLD.

The most recent median price for Eastern Heights is $319500, with sellers offering an average of -5.67% off the asking price.

With the median price for a house in Eastern Heights being $319500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.88%

Information supplied by:


June 2018

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A stone’s throw from the Ipswich CBD, the suburb of Eastern Heights is reporting fairly strong and consistent levels of growthFull summary

Slow and steady

Postcode: 4305

Median house price: $322,000

Three-year growth: 14.6%

Rental yield: 4.8%

A stone’s throw from the Ipswich CBD, the suburb of Eastern Heights is reporting fairly strong and consistent levels of growth.

Largely residential, this suburb may have limited amenities, but it certainly benefits from being very close to a CBD with an affordable price tag. As a result, Eastern Heights logged 13% growth in the March 2017-2018 period, with houses being on sale for just 46 days. Moreover, this suburb offers investors an average yield of 4.8% on rent off a weekly rate of $295.

Eastern Heights is surrounded by parks, and is home to a few sports fields. Silkstone Primary is in the neighbouring suburb of Silkstone, while Ipswich Central Primary is just to the west.

Close
Metrics i HOUSE UNIT
$319,500 N/A
-0.16% N/A
5.88% N/A
1.86% N/A
$300 N/A
76 N/A
4.88% N/A
57.34 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3736
Median household income ($/weekly) 1043
Median age of persons 39
Median housing loan repayment ($/monthly) 1534
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 450 12.0
    25-34 years 470 12.6
    35-44 years 440 11.8
    45-54 years 453 12.1
    55-64 years 395 10.6
    Others 1528 40.9
    Age Group
    Census Count Percent(%)
    Registered Married 1228 47.1
    Not Married 1132 43.4
    Defacto Relationship 248 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3085 89.7
    Papua New Guinea 75 2.2
    Philippines 20 0.6
    United Kingdom 121 3.5
    Other 46 1.3
    Others 92 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.9
    Christianity 2495 75.8
    Hinduism 14 0.4
    Other Religious Groups 9 0.3
    No Religion 740 22.5
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 157 12.6
    $600-$799 147 11.8
    $800-$999 140 11.3
    $1,000-$1,249 123 9.9
    $1,500-$1,999 160 12.9
    Others 516 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1157 41.6
    Employed, worked full-time 953 34.3
    Employed, worked part-time 459 16.5
    Unemployed, looking for work 123 4.4
    Employed, away from work 89 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 290 19.4
    Technicians & trades workers 227 15.2
    Community & personal service workers 196 13.1
    Clerical & administrative workers 204 13.6
    Labourers 172 11.5
    Others 408 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 49 6.8
    Infants/Primary 270 37.3
    Secondary 208 28.8
    Technical or Further Educational Institution 60 8.3
    University or other Tertiary Institutions 115 15.9
    Others 21 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3142 94.8
    Flat, unit or apartment 92 2.8
    Semi-detached, row or terrace house, townhouse 81 2.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 484 36.0
    Being purchased 449 33.4
    Rented 387 28.8
    Other tenure type 23 1.7
    Tenure Type
Census 2011, ABS
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