Suburb Profile Report for Kearneys Spring QLD (4350)

Kearneys Spring House: Median price $380,000, Annual capital growth 2.11%, Number of sales 137, Weekly median advertised rent $375

Kearneys Spring Unit: Median price $285,000, Annual capital growth 1.59%, Number of sales 35, Weekly median advertised rent $285

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

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

  • House Report
  • Unit Report

Property investors who have had real estate in Kearneys Spring, 4350 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.80%

Over the longer term, Kearneys Spring has seen property prices show investors a -2.06% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Kearneys Spring is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 652th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Kearneys Spring the average time real estate has been on the market is 63.5701 days.

Giving property investors a an average capital gain of -1.38% for the last year, Kearneys Spring, 4350 is the 834th highest performer in Australia in this respect.

While Kearneys Spring,4350 ranked number 254th in QLD for increase in median house value (annualised) increase, it is ranked 192th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kearneys Spring, 4350. Typically our figures indicate that -5.38% is being offered, which puts this QLD suburb at 670th most discounted overall in Australia.

Metrics i HOUSE UNIT
$380,000 $285,000
0.40% -1.38%
-3.80% -1.38%
2.11% 1.59%
$375 $285
137 35
5.13% 5.20%
63.5700934579439 94.2692307692308

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. 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 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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