Suburb Profile Report for Elliott Heads QLD (4670)

Elliott Heads House: Median price $306,500, Annual capital growth 0.81%, Number of sales 27, Weekly median advertised rent $295

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 3285th in the list of Australian suburbs ordered by increase in median house value over the last year, Elliott Heads, 4670 is in the BOTTOM 20% with a property value increase of -4.81% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Elliott Heads,4670 has racked up an average of -4.81% over the period. This ranks it number 2601th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -6.71% to buyers in Elliott Heads at the moment, which is less than average for the rest of QLD.

Using the current median advertised rental of $295 and the average annual increase in value of a median property of 0.81%, investors should hope to achieve an overall return of 5.00%

YIP MAG Information supplied by:

YIP MAG
February 2017

M
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Median house price: $312,500

Stock on market: 117.2%

12-month growth: 12.5%

Elliott Heads highlights how the affordability of Queensland suburbs has enabled these areas to stave off declines in the face of excessive supply.

This suburb is an example of the oversupply issue observed in the regional market, with stock on market recording a 117% rise, according to Real Estate Investar. These properties are all detached houses, thus supporting the call to halt construction approvals until established homes can be occupied.

However, despite this staggering increase in supply, the average vacancy rate inched upward by only 0.23% over a 12-month period, suggesting that demand is adequate to cover the excess for most part. This may be ascribed to the low prices of homes, low interest rates and an increased grant, which could have spurred market activity especially among first-home buyers.

House prices soared by nearly 13%, as per CoreLogic, and the high rental yield of 4.5% could also be inviting investors into the market.

Metrics i HOUSE UNIT
$306,500 N/A
-4.22% N/A
-4.81% N/A
0.81% N/A
$295 N/A
27 N/A
5.00% N/A
113.833333333333 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 998
Median household income ($/weekly) 627
Median age of persons 49
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 102 10.2
    35-44 years 117 11.7
    45-54 years 152 15.2
    55-64 years 172 17.2
    65-74 years 165 16.5
    Others 291 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 423 56.0
    Not Married 249 33.0
    Defacto Relationship 83 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 820 85.3
    Greece 14 1.5
    Papua New Guinea 15 1.6
    United Kingdom 60 6.2
    Other 10 1.0
    Others 42 4.4
    Country of Birth
    Census Count Percent(%)
    Christianity 668 73.5
    No Religion 226 24.9
    Islam 9 1.0
    Buddhism 3 0.3
    Other Religious Groups 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 38 10.7
    $400-$599 94 26.5
    $600-$799 52 14.6
    $800-$999 28 7.9
    $1,000-$1,249 28 7.9
    Others 115 32.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 427 53.5
    Employed, worked full-time 193 24.2
    Employed, worked part-time 117 14.7
    Employed, away from work 32 4.0
    Unemployed, looking for work 29 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 55 16.1
    Technicians & trades workers 58 17.0
    Community & personal service workers 49 14.3
    Clerical & administrative workers 43 12.6
    Labourers 49 14.3
    Others 88 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 9 5.3
    Infants/Primary 69 40.6
    Secondary 51 30.0
    Technical or Further Educational Institution 12 7.1
    University or other Tertiary Institutions 26 15.3
    Others 3 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 906 95.4
    Caravan, cabin, houseboat 30 3.2
    Flat, unit or apartment 11 1.2
    Semi-detached, row or terrace house, townhouse 3 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 180 44.2
    Rented 126 31.0
    Being purchased 98 24.1
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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