Suburb Profile Report for Calliope QLD (4680)

Calliope House: Median price $250,000, Annual capital growth -3.77%, Number of sales 57, Weekly median advertised rent $260

  • 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.

  • Expert Report
  • House Report

Investment property in Calliope 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 0.00%

Over the longer term, Calliope has seen property prices show investors a -25.93% return over the last 3 years. This is an improvement over the last 12 months

Our latest figures would indicate that property sellers in Calliope are currently offering property investors an average price cut of -6.68% below the asking price at the moment.

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Calliope’s property market is benefiting from the shortage of accommodation in nearby liquefied natural gas (LNG) hub Gladstone.

Located around 20km south-west of one of the nation’s most talked about hotspots, Calliope hasn’t received the kind of media attention that Gladstone has, but certainly warrants closer inspection, says Raine & Horne Calliope/Tannum Sands sales consultant Liana Wynne.

"Currently, some properties are selling a day after hitting the market,” she says. "Four bedroom homes are the most highly sought after, and when it comes to new developments, properties are selling as soon as a slab is laid."

She adds that, given the massive influx of employees that are heading to the region to work on its LNG projects, she doesn't expect the demand for property to drop off anytime soon.

Rental properties too are being snapped up by tenants as soon as they become available: "The minimum rental now offered by our office is $450 per week for a three bedroom home, while it can cost up to $600 per week to rent a four bedroom home,” says Wynne.

"People are looking for homes wherever they can find them, and in some cases tenants are even pooling their money to pay rents up to $1,000 a week."

Metrics i HOUSE UNIT
$250,000 N/A
0.81% N/A
0.00% N/A
-3.77% N/A
$260 N/A
57 N/A
5.41% N/A
57.56 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 4205
Median household income ($/weekly) 1947
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 459 10.9
    5-14 years 637 15.1
    25-34 years 671 15.9
    35-44 years 661 15.7
    45-54 years 528 12.6
    Others 1251 29.7
    Age Group
    Census Count Percent(%)
    Registered Married 1507 54.8
    Not Married 805 29.3
    Defacto Relationship 439 16.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3622 91.2
    Papua New Guinea 115 2.9
    South Africa 25 0.6
    United Kingdom 120 3.0
    Other 21 0.5
    Others 70 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 2662 69.6
    No Religion 1138 29.8
    Buddhism 8 0.2
    Other Religious Groups 8 0.2
    Hinduism 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 80 6.9
    $1,500-$1,999 184 15.8
    $2,000-$2,499 142 12.2
    $2,500-$2,999 193 16.6
    $3,000-$3,499 118 10.1
    Others 447 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1491 50.5
    Not in the labour force 797 27.0
    Employed, worked part-time 445 15.1
    Employed, away from work 150 5.1
    Unemployed, looking for work 71 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 189 9.1
    Technicians & trades workers 495 23.8
    Clerical & administrative workers 231 11.1
    Machinery operators & drivers 369 17.7
    Labourers 284 13.6
    Others 514 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 52 5.9
    Infants/Primary 441 50.2
    Secondary 230 26.2
    Technical or Further Educational Institution 72 8.2
    University or other Tertiary Institutions 56 6.4
    Others 28 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3732 95.7
    Caravan, cabin, houseboat 125 3.2
    Semi-detached, row or terrace house, townhouse 29 0.7
    Flat, unit or apartment 10 0.3
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 654 50.7
    Fully owned 330 25.6
    Rented 304 23.5
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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