Suburb Profile Report for Rangeville QLD (4350)

Rangeville House: Median price $450,000, Annual capital growth 1.84%, Number of sales 155, Weekly median advertised rent $375

Rangeville Unit: Median price $322,000, Annual capital growth 0.55%, Number of sales 19, Weekly median advertised rent $310

  • 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.

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  • House Report
  • Unit Report

Rangeville has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 2.27% to date .

Across a shorter period, Rangeville, 4350 has seen a median price increase of 0.00% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Rangeville itself are offering an average vendor discount of -5.36% to real estate investors.

Often selling an investment property can take time, and in Rangeville the average time real estate has been on the market is 67.9355 days.

Situated 104.27km from the CBD, Rangeville is one of Toowoomba (R) localities in the postcode 4350.

Property investors who have had real estate in Rangeville, 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 -7.20%

Comparing Rangeville,4350 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Our latest figures would indicate that property sellers in Rangeville are currently offering property investors an average price cut of -5.35% below the asking price at the moment.

Often selling an investment property can take time, and in Rangeville the average time real estate has been on the market is 116.733 days.

Information supplied by:


April 2018

M
O

W
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Affordability helps boost apartments

Postcode: 4350

Median unit price: $357,500

Three-year growth: 2.4%

Rental yield: 4.4%

Situated in the Toowoomba district, the suburb of Rangeville boasts a low-priced unit market that looks to be on the upswing.

In the year to January 2018, Rangeville apartment values rose by 10%, which could be attributed in part to the close proximity of the suburb of the Toowoomba CBD. A popular suburb with tenants, the rent rate per week comes in at $300 with an average return of 4.4% – a reasonable profit for investors.

Rangeville is bounded by reserves, namely, Picnic Point Park, Mount Tabletop, McKnight Park and J.E. Duggan Park. These parks provide excellent views, along with dining establishments. The Toowoomba Bicentennial Waterbird Habitat is located near Rangeville’s western boundary. There are also two schools in this suburb, including Rangeville State School.

Metrics i HOUSE UNIT
$450,000 $322,000
0.00% 3.04%
2.27% -7.20%
1.84% 0.55%
$375 $310
155 19
4.33% 5.01%
67.9354838709678 116.733333333333

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 8216
Median household income ($/weekly) 1220
Median age of persons 40
Median housing loan repayment ($/monthly) 1690
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1145 13.9
    25-34 years 856 10.4
    35-44 years 1081 13.2
    45-54 years 1120 13.6
    55-64 years 1008 12.3
    Others 3006 36.6
    Age Group
    Census Count Percent(%)
    Registered Married 3298 56.1
    Not Married 2177 37.0
    Defacto Relationship 403 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6929 87.1
    Papua New Guinea 155 1.9
    South Africa 97 1.2
    United Kingdom 231 2.9
    Other 197 2.5
    Others 344 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 1.2
    Christianity 6222 80.7
    Hinduism 57 0.7
    Other Religious Groups 63 0.8
    No Religion 1242 16.1
    Others 29 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 307 10.9
    $600-$799 299 10.7
    $800-$999 271 9.7
    $1,000-$1,249 254 9.1
    $1,500-$1,999 373 13.3
    Others 1302 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2418 38.6
    Not in the labour force 2293 36.6
    Employed, worked part-time 1183 18.9
    Employed, away from work 217 3.5
    Unemployed, looking for work 158 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 456 11.9
    Professionals 1064 27.8
    Technicians & trades workers 456 11.9
    Clerical & administrative workers 618 16.2
    Sales 392 10.3
    Others 836 21.9
    Occupation
    Census Count Percent(%)
    Pre-school 96 4.9
    Infants/Primary 805 41.4
    Secondary 542 27.9
    Technical or Further Educational Institution 125 6.4
    University or other Tertiary Institutions 323 16.6
    Others 52 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7103 92.0
    Semi-detached, row or terrace house, townhouse 345 4.5
    Flat, unit or apartment 271 3.5
    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 1282 41.6
    Being purchased 997 32.3
    Rented 796 25.8
    Other tenure type 7 0.2
    Tenure Type
Census 2011, ABS
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