Suburb Profile Report for Allenstown QLD (4700)

Allenstown House: Median price $210,000, Annual capital growth -2.12%, Number of sales 41, Weekly median advertised rent $280

  • 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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Over the last year, property investments in Allenstown, 4700 have given investors a capital gain of 2.44%. This compares averagely with the 1.66% for QLD as a whole.

Allenstown,4700 was ranked 2513 in Australia by increase in median property value over the quarter.

Vendor discounting in Allenstown is giving property investors an average Vendor Discount of around -11.82%. This puts suburb at number 26th in QLD when ranking the most discounted suburbs.

Information supplied by:


April 2019

M
O

W
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Suburb suffers a negative streak

Postcode: 4700

Median house price: $185,000

Three-year growth: -30.2%

Rental yield: 7.6%

A stone’s throw from the Rockhampton CBD, the small suburb of Allenstown was named for builder William Allen, a builder in the 1860s.

The centre of its commercial hub is the recently refurbished Allenstown Square shopping centre. There are also two primary schools here, namely, Allenstown State School, which was opened all the way back in 1887, and St Peter’s School. The suburb is quite rich in history as well, with a few heritage-listed sites including St Joseph’s Cathedral and South Rockhampton Cemetery.

Allenstown also houses three of Rockhampton’s seven Big Bull statues, which were built to emphasise Rockhampton’s reputation as Australia’s beef capital. However, house values have consistently been dropping since 2014, with the median price slipping below the $200,000 mark. While the rental yield is remarkably high at 7.6%, this could be a difficult market to work with.

Metrics i HOUSE UNIT
$210,000 N/A
0.00% N/A
2.44% N/A
-2.12% N/A
$280 N/A
41 N/A
6.93% N/A
69.8709677419355 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 : Balanced (H), Below average (U)
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Demographics
Total population 2911
Median household income ($/weekly) 891
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 346 11.9
    25-34 years 401 13.8
    35-44 years 361 12.4
    45-54 years 404 13.9
    55-64 years 285 9.8
    Others 1114 38.3
    Age Group
    Census Count Percent(%)
    Not Married 1141 54.8
    Registered Married 699 33.6
    Defacto Relationship 242 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2386 89.0
    Indonesia 38 1.4
    Papua New Guinea 56 2.1
    United Kingdom 37 1.4
    Other 59 2.2
    Others 106 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.8
    Christianity 1913 73.3
    Hinduism 32 1.2
    Islam 32 1.2
    No Religion 603 23.1
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 137 13.1
    $400-$599 152 14.5
    $600-$799 107 10.2
    $1,000-$1,249 93 8.9
    $1,500-$1,999 102 9.7
    Others 457 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 837 38.1
    Not in the labour force 819 37.3
    Employed, worked part-time 340 15.5
    Unemployed, looking for work 107 4.9
    Employed, away from work 93 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 233 18.4
    Technicians & trades workers 232 18.3
    Community & personal service workers 146 11.5
    Clerical & administrative workers 150 11.8
    Labourers 173 13.7
    Others 332 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 24 4.4
    Infants/Primary 210 38.5
    Secondary 161 29.5
    Technical or Further Educational Institution 58 10.6
    University or other Tertiary Institutions 74 13.6
    Others 18 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2131 80.9
    Flat, unit or apartment 356 13.5
    Semi-detached, row or terrace house, townhouse 112 4.3
    Caravan, cabin, houseboat 24 0.9
    House or flat attached to a shop, office 10 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 550 48.1
    Fully owned 315 27.5
    Being purchased 272 23.8
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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