Suburb Profile Report for Kearneys Spring QLD (4350)

Kearneys Spring House: Median price $380,000, Annual capital growth 2.66%, Number of sales 113, Weekly median advertised rent $370

Kearneys Spring Unit: Median price $289,500, Annual capital growth 2.06%, Number of sales 30, Weekly median advertised rent $280

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

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

  • House Report
  • Unit Report

Kearneys Spring, 4350 ranked 756th in QLD when comparing growth in median property values or capital gain over the last 12 months. Kearneys Spring is one of 2415 in our list for QLD

A 2.84% growth in median value for property investors in Kearneys Spring,4350 puts this suburb at number 345th in terms of best performing suburbs in QLD

Sellers are offering property buyers an average discount of -5.43% to buyers in Kearneys Spring at the moment, which is less than average for the rest of QLD.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 2.66%, investors should hope to achieve an overall return of 5.06%

QLD has seen average median house prices change by -0.57% which means that Kearneys Spring, 4350 has not done well for property investors by showing a capital gain of 0.71% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Kearneys Spring comes in at number 213th in QLD.

The most recent median price for Kearneys Spring is $289500, with sellers offering an average of -6.28% off the asking price.

In the last year 30 properties changed hands in Kearneys Spring, which puts it as the 176th most active market in QLD when comparing the number of sales per suburb.

Kearneys Spring, 4350’s gross rental yield is 5.03%

Metrics i HOUSE UNIT
$380,000 $289,500
0.00% -0.50%
-6.75% 0.71%
2.66% 2.06%
$370 $280
113 30
5.06% 5.03%
65.9444444444445 140.833333333333

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

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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