Suburb Profile Report for Kearneys Spring QLD (4350)

Kearneys Spring House: Median price $380,500, Annual capital growth 3.35%, Number of sales 124, Weekly median advertised rent $330

Kearneys Spring Unit: Median price $277,500, Annual capital growth 3.06%, Number of sales 40, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Kearneys Spring has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.06% to date .

If we look at median property appreciation over just the last three months, Kearneys Spring has given property investors a paper return of -0.33%. This puts Suburb as 563 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Kearneys Spring should be aiming for at least -5.05% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Kearneys Spring have been waiting around 69.34 days to sell a property.

Property investors should expect to get $330 weekly from the median priced house in this suburb.

Giving property investors a a poor capital gain of -7.50% for the last year, Kearneys Spring, 4350 is the 1489th highest performer in Australia in this respect.

Across a shorter period, Kearneys Spring, 4350 has seen a median price increase of -0.89% over the last quarter.

Sellers are offering property buyers an average discount of -6.50% to buyers in Kearneys Spring at the moment, which is less than average for the rest of QLD.

Advertised rents are around the $275 mark per week – giving a return of 5.15% based on the median price in Suburb

Metrics i HOUSE UNIT
$380,500 $277,500
-0.33% -0.89%
-3.06% -7.50%
3.35% 3.06%
$330 $275
124 40
4.51% 5.15%
69.34 112.45

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 7347
Median household income ($/weekly) 939
Median age of persons 35
Median housing loan repayment ($/monthly) 1424
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 830 11.3
    25-34 years 1210 16.5
    35-44 years 775 10.5
    45-54 years 730 9.9
    55-64 years 783 10.7
    Others 3021 41.1
    Age Group
    Census Count Percent(%)
    Registered Married 2393 46.5
    Not Married 2341 45.4
    Defacto Relationship 417 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5477 80.5
    Indonesia 94 1.4
    Papua New Guinea 125 1.8
    United Kingdom 229 3.4
    Other 443 6.5
    Others 439 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.4
    Christianity 5127 77.9
    Hinduism 81 1.2
    Islam 215 3.3
    No Religion 1037 15.7
    Others 32 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 408 15.5
    $600-$799 334 12.7
    $800-$999 256 9.7
    $1,000-$1,249 271 10.3
    $1,500-$1,999 319 12.1
    Others 1039 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2209 40.2
    Employed, worked full-time 1981 36.1
    Employed, worked part-time 957 17.4
    Unemployed, looking for work 175 3.2
    Employed, away from work 170 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 592 19.0
    Technicians & trades workers 445 14.3
    Community & personal service workers 358 11.5
    Clerical & administrative workers 486 15.6
    Labourers 396 12.7
    Others 832 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 78 4.6
    Infants/Primary 551 32.8
    Secondary 343 20.4
    Technical or Further Educational Institution 127 7.6
    University or other Tertiary Institutions 526 31.3
    Others 57 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4523 68.5
    Flat, unit or apartment 1412 21.4
    Semi-detached, row or terrace house, townhouse 596 9.0
    Caravan, cabin, houseboat 73 1.1
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1207 42.9
    Fully owned 822 29.2
    Being purchased 670 23.8
    Other tenure type 113 4.0
    Tenure Type
Census 2011, ABS
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