Suburb Profile Report for Murrumba Downs QLD (4503)

Murrumba Downs House: Median price $520,000, Annual capital growth 2.49%, Number of sales 151, Weekly median advertised rent $430

  • 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

With a capital gain of -6.22% for the last 12 months, Murrumba Downs, 4503 has performed for property investments than its average annual 2.49% property growth over the last 5 years.

While Murrumba Downs,4503 ranked number 814th in QLD for increase in median house value (annualised) increase, it is ranked 370th over the last 5 years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Murrumba Downs itself are offering an average vendor discount of -5.23% to real estate investors.

Often selling an investment property can take time, and in Murrumba Downs the average time real estate has been on the market is 60.8092 days.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 2.49%, investors should hope to achieve an overall return of 4.30%

Metrics i HOUSE UNIT
$520,000 N/A
-5.80% N/A
-6.22% N/A
2.49% N/A
$430 N/A
151 N/A
4.30% N/A
60.8091603053435 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 : Balanced (H), Below average (U)
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Demographics
Total population 9392
Median household income ($/weekly) 1595
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1348 14.4
    25-34 years 1200 12.8
    35-44 years 1484 15.8
    45-54 years 1253 13.3
    55-64 years 1036 11.0
    Others 3072 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 3880 57.9
    Not Married 2116 31.6
    Defacto Relationship 702 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 7157 79.1
    Papua New Guinea 524 5.8
    South Africa 107 1.2
    United Kingdom 571 6.3
    Other 219 2.4
    Others 475 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 88 1.0
    Christianity 6596 76.0
    Hinduism 119 1.4
    Other Religious Groups 20 0.2
    No Religion 1825 21.0
    Others 27 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 250 8.6
    $1,000-$1,249 244 8.4
    $1,500-$1,999 468 16.1
    $2,000-$2,499 388 13.3
    $2,500-$2,999 317 10.9
    Others 1240 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3209 45.9
    Not in the labour force 1946 27.8
    Employed, worked part-time 1342 19.2
    Employed, away from work 276 3.9
    Unemployed, looking for work 219 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 609 12.6
    Professionals 840 17.4
    Technicians & trades workers 674 14.0
    Clerical & administrative workers 885 18.3
    Sales 532 11.0
    Others 1283 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 129 6.0
    Infants/Primary 889 41.6
    Secondary 600 28.1
    Technical or Further Educational Institution 142 6.7
    University or other Tertiary Institutions 294 13.8
    Others 81 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7743 87.2
    Semi-detached, row or terrace house, townhouse 1109 12.5
    Caravan, cabin, houseboat 24 0.3
    House or flat attached to a shop, office 4 0.0
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1478 47.3
    Rented 813 26.0
    Fully owned 745 23.9
    Other tenure type 87 2.8
    Tenure Type
Census 2011, ABS
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