Suburb Profile Report for Pialba QLD (4655)

Pialba House: Median price $300,000, Annual capital growth 1.15%, Number of sales 52, Weekly median advertised rent $350

Pialba Unit: Median price $274,001, Annual capital growth -0.14%, Number of sales 41, Weekly median advertised rent $290

  • 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
  • Unit Report

Pialba is in the bottom 30% in QLD when comparing median price capital growth over the last year. Pialba gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.76%.

Comparing Pialba,4655 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property investors looking for a bargain in Pialba should be aiming for at least -5.31% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2043 in a list of fastest selling suburbs, Pialba is just in the bottom half of suburbs in Australia with an average of days on market 81.6818 for properties listed there.

Pialba is an average performer in QLD when comparing median price capital growth over the last year. Pialba gave property investors a average capital gain figure when compared to the rest of the state, with -0.36%.

Pialba,4655 has offered an average of -0.36% return per annum in house price rises to property investors over the last three years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.43% offered to property buyers. Sellers in Pialba itself are offering an average vendor discount of -6.74% to real estate investors.

At number 1223 in a list of fastest selling suburbs, Pialba is in the bottom 10% of suburbs in Australia with an average of days on market 120.552 for properties listed there.

With the median price for a house in Pialba being $274001 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.50%

Information supplied by:


April 2019

M
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High returns and low expense

Postcode: 4655

Median unit price: $240,000

Three-year growth: 0.0%

Rental yield: 6.3%

The suburb of Pialba is regarded as the CBD of the Hervey Bay region, with many amenities are within easy reach.

There are shops and restaurants in the vicinity, along with medical centres and clubs. It is also situated near the beach, and residents enjoy the best of both worlds. The low levels of traffic are great for those who struggle with the stresses of city living. The Hervey Bay Library, which first opened in 1997, was given an upgrade in 2014 to modernise the venue; nonetheless, this is a suburb that knows how to appreciate history, with the Pialba Memorial Cenotaph being one of Australia’s heritage-listed sites.

Pialba units offer excellent yields at an average of 6.3%  as of February 2019. It’s also an very affordable market, with apartment values coming in at a median of under $250,000.

Metrics i HOUSE UNIT
$300,000 $274,001
0.00% -7.12%
-4.76% -0.36%
1.15% -0.14%
$350 $290
52 41
6.07% 5.50%
81.6818181818182 120.551724137931

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), Above average (U)
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Demographics
Total population 3527
Median household income ($/weekly) 664
Median age of persons 45
Median housing loan repayment ($/monthly) 1200
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 402 11.4
    35-44 years 371 10.5
    45-54 years 386 10.9
    55-64 years 480 13.6
    65-74 years 543 15.4
    Others 1345 38.1
    Age Group
    Census Count Percent(%)
    Not Married 1215 46.4
    Registered Married 1116 42.6
    Defacto Relationship 286 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2698 82.2
    Greece 24 0.7
    Papua New Guinea 130 4.0
    United Kingdom 227 6.9
    Other 65 2.0
    Others 139 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 0.9
    Christianity 2294 73.5
    Hinduism 31 1.0
    Other Religious Groups 12 0.4
    No Religion 750 24.0
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 194 14.4
    $400-$599 311 23.1
    $600-$799 188 14.0
    $800-$999 174 12.9
    $1,000-$1,249 101 7.5
    Others 378 28.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1486 55.3
    Employed, worked full-time 552 20.6
    Employed, worked part-time 392 14.6
    Unemployed, looking for work 182 6.8
    Employed, away from work 74 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 167 16.4
    Technicians & trades workers 154 15.1
    Community & personal service workers 163 16.0
    Sales 115 11.3
    Labourers 152 14.9
    Others 266 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 38 6.4
    Infants/Primary 236 39.7
    Secondary 164 27.6
    Technical or Further Educational Institution 54 9.1
    University or other Tertiary Institutions 75 12.6
    Others 28 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2329 71.5
    Flat, unit or apartment 731 22.4
    Semi-detached, row or terrace house, townhouse 146 4.5
    Caravan, cabin, houseboat 48 1.5
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 741 50.5
    Fully owned 489 33.4
    Being purchased 224 15.3
    Other tenure type 12 0.8
    Tenure Type
Census 2011, ABS
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