Suburb Profile Report for Svensson Heights QLD (4670)

Svensson Heights House: Median price $278,500, Annual capital growth 1.25%, Number of sales 94, Weekly median advertised rent $340

Svensson Heights Unit: Median price $188,000, Annual capital growth 4.57%, Number of sales 11, Weekly median advertised rent $290

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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Investment property in Svensson Heights has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.67%

If we look at median property appreciation over just the last three months, Svensson Heights has given property investors a paper return of 5.09%. This puts Suburb as 344 on a list of fastest fasting appreciating suburbs in QLD

Property buyers and investors in Svensson Heights 4670 should be seeing an average reduction in asking price of around -2.78% . This means that Svensson Heights is holding prices well when compared to other suburbs in QLD.

While Svensson Heights,4670 ranked number 376th in QLD for increase in median house value (annualised) increase, it is ranked 352th over the last 5 years.

In the last year 11 properties changed hands in Svensson Heights, which puts it as the 398th most active market in QLD when comparing the number of sales per suburb.

Information supplied by:


October 2018

M
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Low growth but strong yield

Postcode: 4670

Median house price: $240,000

Three-year growth: -6.2%

Rental yield: 6.3%

A suburb of the Bundaberg Region, Svensson Heights provides houses at economical rates, with the median price being less than $250,000.

Investors should not be expecting strong growth from this suburb, however, as Svensson Heights has been reporting value decreases for quite some time. While prices have not fallen dramatically thus far, there is reason to hedge. Nonetheless, those seeking high returns can certainly reap them, as the average yield is at a remarkable 6.3%.

Svensson Heights is about 10 minutes from the Bundaberg CBD. With this city serving as a popular gateway to tourist destinations like national parks, the Great Barrier Reef and resort islands, this means Svensson Heights residents have easy access to a thriving food scene borne of a strong agriculture industry. They are also close to beaches, the city zoo and the airport.

Metrics i HOUSE UNIT
$278,500 $188,000
5.09% -11.74%
13.67% N/A
1.25% 4.57%
$340 $290
94 11
6.35% 8.02%
42.7272727272727 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Very good (H)
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Demographics
Total population 3204
Median household income ($/weekly) 773
Median age of persons 42
Median housing loan repayment ($/monthly) 1404
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 403 12.6
    25-34 years 353 11.0
    35-44 years 366 11.4
    45-54 years 381 11.9
    65-74 years 398 12.4
    Others 1303 40.7
    Age Group
    Census Count Percent(%)
    Registered Married 1064 46.2
    Not Married 1043 45.3
    Defacto Relationship 196 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2777 91.0
    Papua New Guinea 55 1.8
    South Africa 12 0.4
    United Kingdom 85 2.8
    Other 46 1.5
    Others 77 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.8
    Christianity 2284 76.9
    Hinduism 7 0.2
    Other Religious Groups 13 0.4
    No Religion 639 21.5
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 124 10.5
    $400-$599 206 17.5
    $600-$799 176 14.9
    $800-$999 118 10.0
    $1,500-$1,999 125 10.6
    Others 430 36.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1183 47.5
    Employed, worked full-time 678 27.3
    Employed, worked part-time 427 17.2
    Unemployed, looking for work 126 5.1
    Employed, away from work 74 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 162 13.7
    Technicians & trades workers 176 14.9
    Community & personal service workers 154 13.1
    Clerical & administrative workers 150 12.7
    Labourers 179 15.2
    Others 359 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 39 6.2
    Infants/Primary 247 39.5
    Secondary 191 30.5
    Technical or Further Educational Institution 51 8.1
    University or other Tertiary Institutions 66 10.5
    Others 32 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2632 89.9
    Flat, unit or apartment 257 8.8
    Semi-detached, row or terrace house, townhouse 28 1.0
    House or flat attached to a shop, office 11 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 452 36.4
    Fully owned 442 35.6
    Being purchased 343 27.6
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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