Suburb Profile Report for Centenary Heights QLD (4350)

Centenary Heights House: Median price $355,500, Annual capital growth 2.50%, Number of sales 110, Weekly median advertised rent $343

Centenary Heights Unit: Median price $339,900, Annual capital growth 4.09%, Number of sales 30, Weekly median advertised rent $283

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

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

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Investment property in Centenary Heights has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.25%

The five-year average increase in median property values for Centenary Heights,4350 has given property investors a potential capital gain of 0.14% across each of those five years.

Vendor discounting in Centenary Heights is giving property investors an average Vendor Discount of around -4.42%. This puts suburb at number 659th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Centenary Heights the average time real estate has been on the market is 53.172 days.

Situated 105.92km from the CBD, Centenary Heights is one of Toowoomba (R) localities in the postcode 4350.

Investment property in Centenary Heights has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.94%

Centenary Heights,4350 has offered an average of 8.94% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Centenary Heights are currently offering property investors an average price cut of -7.27% below the asking price at the moment.

With the median price for a house in Centenary Heights being $339900 and the advertised rent reaching $282.5 the gross rental yield for property investors calculates out to be 4.32%

Information supplied by:




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Centenary Heights, QLD – Low-priced units coupled with reasonable growth

Postcode: 4350

Median unit price: $339,000

Three-year growth: 0.6%

Rental yield: 4.6%

A mere 4km from the Toowoomba CBD, the suburb of Centenary Heights was once part of Middle Ridge. Today, it has many parks and camping grounds that are enjoyed by visitors and residents alike.

Centenary Heights State High School opened here in 1968 and is regarded as one of the top schools in the Sunshine State. Students are quite active in sports, and the suburb offers excellent facilities. There are also recreational and barbecue areas in Emmerson Park. The Grand Central Shopping Centre in nearby Toowoomba houses a Coles supermarket and a Target store, as well as the only Myer store in the district. Units are quite affordable at a median price of just $339,000.

Metrics i HOUSE UNIT
$355,500 $339,900
-3.92% 0.86%
-1.25% 8.94%
2.50% 4.09%
$343 $283
110 30
5.01% 4.32%
53.1720430107527 135.578947368421

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

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 5878
Median household income ($/weekly) 985
Median age of persons 39
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 724 12.3
    25-34 years 722 12.3
    35-44 years 786 13.4
    45-54 years 686 11.7
    55-64 years 734 12.5
    Others 2227 37.9
    Age Group
    Census Count Percent(%)
    Registered Married 2195 50.0
    Not Married 1887 43.0
    Defacto Relationship 306 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4901 86.6
    Papua New Guinea 99 1.7
    South Africa 53 0.9
    United Kingdom 143 2.5
    Other 181 3.2
    Others 281 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 72 1.3
    Christianity 4376 80.0
    Hinduism 27 0.5
    Islam 36 0.7
    No Religion 933 17.1
    Others 28 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 283 13.0
    $600-$799 289 13.3
    $800-$999 255 11.7
    $1,000-$1,249 221 10.2
    $1,500-$1,999 317 14.6
    Others 811 37.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1758 38.0
    Not in the labour force 1700 36.8
    Employed, worked part-time 880 19.0
    Employed, away from work 168 3.6
    Unemployed, looking for work 118 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 579 20.6
    Technicians & trades workers 434 15.5
    Community & personal service workers 310 11.0
    Clerical & administrative workers 444 15.8
    Labourers 335 11.9
    Others 705 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 46 3.5
    Infants/Primary 502 38.6
    Secondary 355 27.3
    Technical or Further Educational Institution 124 9.5
    University or other Tertiary Institutions 231 17.8
    Others 43 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4942 88.5
    Semi-detached, row or terrace house, townhouse 326 5.8
    Flat, unit or apartment 311 5.6
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 884 37.4
    Rented 761 32.2
    Being purchased 718 30.3
    Other tenure type 3 0.1
    Tenure Type
Census 2011, ABS
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