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.

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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	HOUSE	UNIT
Median price	$660,000	N/A
Quarterly growth	12.24%	N/A
12-month growth	-3.08%	N/A
Average Annual Growth	3.58%	N/A
Weekly median advertised rent	$550	N/A
Number of sales	19	N/A
Gross rental yield	4.33%	N/A
Days on market	80.1333333333333	N/A

Your estimated repayment
$2,553.55/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

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