Suburb Profile Report for Kurwongbah QLD (4503)

Kurwongbah House: Median price $660,000, Annual capital growth 3.58%, Number of sales 19, Weekly median advertised rent $550

  • 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

Property investors who have had real estate in Kurwongbah, 4503 should be ok 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 -3.08%

While Kurwongbah,4503 ranked number 25th in QLD for increase in median house value (annualised) increase, it is ranked 42th over the last 5 years.

The most recent median price for Kurwongbah is $660000, with sellers offering an average of -7.95% off the asking price.

On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 4.33%, without taking into account capital value appreciation, which has been averaging out at 3.58%.

Metrics i HOUSE UNIT
$660,000 N/A
12.24% N/A
-3.08% N/A
3.58% N/A
$550 N/A
19 N/A
4.33% N/A
80.1333333333333 N/A

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 : Good (H), Balanced (U)
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Demographics
Total population 1420
Median household income ($/weekly) 1593
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 203 14.3
    25-34 years 157 11.1
    35-44 years 212 14.9
    45-54 years 196 13.8
    55-64 years 208 14.6
    Others 444 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 624 59.3
    Not Married 363 34.5
    Defacto Relationship 65 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1155 84.2
    Papua New Guinea 50 3.6
    South Africa 20 1.5
    United Kingdom 64 4.7
    Other 26 1.9
    Others 56 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.9
    Christianity 924 71.1
    Islam 7 0.5
    Other Religious Groups 7 0.5
    No Religion 343 26.4
    Others 6 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 42 10.6
    $1,250-$1,499 32 8.1
    $1,500-$1,999 62 15.6
    $2,000-$2,499 52 13.1
    $2,500-$2,999 44 11.1
    Others 165 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 439 40.9
    Not in the labour force 344 32.0
    Employed, worked part-time 226 21.0
    Unemployed, looking for work 37 3.4
    Employed, away from work 28 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 11.6
    Professionals 121 17.4
    Technicians & trades workers 151 21.7
    Community & personal service workers 71 10.2
    Clerical & administrative workers 91 13.1
    Others 182 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 21 6.1
    Infants/Primary 136 39.7
    Secondary 103 30.0
    Technical or Further Educational Institution 25 7.3
    University or other Tertiary Institutions 48 14.0
    Others 10 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1370 99.1
    Semi-detached, row or terrace house, townhouse 8 0.6
    Flat, unit or apartment 5 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 211 47.2
    Fully owned 153 34.2
    Rented 78 17.4
    Other tenure type 5 1.1
    Tenure Type
Census 2011, ABS
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