Suburb Profile Report for Pialba QLD (4655)

Pialba House: Median price $325,000, Annual capital growth 1.17%, Number of sales 72, Weekly median advertised rent $350

Pialba Unit: Median price $255,000, Annual capital growth -0.77%, Number of sales 32, 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.

  • Expert Report
  • House Report
  • Unit Report

At number 548th in the list of Australian suburbs ordered by increase in median house value over the last year, Pialba, 4655 is in the top 20% with a property value increase of 10.17% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pialba has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Pialba, 4655. Typically our figures indicate that -6.35% is being offered, which puts this QLD suburb at 1519th most discounted overall in Australia.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.60%, without taking into account capital value appreciation, which has been averaging out at 1.17%.

If you compare the increase in value of investment property in Pialba, 4655 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.41%.

If we look at median property appreciation over just the last three months, Pialba has given property investors a paper return of -4.85%. This puts Suburb as 308 on a list of fastest fasting appreciating suburbs in QLD

Property buyers and investors in Pialba 4655 should be seeing an average reduction in asking price of around -7.24% . This means that Pialba is holding prices well when compared to other suburbs in QLD.

Pialba, 4655’s gross rental yield is 6.32%

Information supplied by:


April 2019

M
O

W
E

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
$325,000 $255,000
4.84% -4.85%
10.17% -3.41%
1.17% -0.77%
$350 $310
72 32
5.60% 6.32%
93.7966101694915 145.782608695652

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 : Above average (H), Above average (U)
Find a mortgage broker in Pialba QLD
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
Chart Table