Suburb Profile Report for Lammermoor QLD (4703)

Lammermoor House: Median price $440,000, Annual capital growth 0.55%, Number of sales 56, Weekly median advertised rent $440

Lammermoor Unit: Median price $310,000, Annual capital growth 1.36%, Number of sales 12, Weekly median advertised rent $320

  • 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.

  • House Report
  • Unit Report

Property investors who have had real estate in Lammermoor, 4703 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.01%

The five-year average increase in median property values for Lammermoor,4703 has given property investors a potential capital gain of 2.33% across each of those five years.

The most recent median price for Lammermoor is $440000, with sellers offering an average of -4.53% off the asking price.

Advertised rents are around the $440 mark per week – giving a return of 5.20% based on the median price in Suburb

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

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.36%, investors should hope to achieve an overall return of 5.37%

Metrics i HOUSE UNIT
$440,000 $310,000
4.76% 4.20%
5.01% N/A
0.55% 1.36%
$440 $320
56 12
5.20% 5.37%
87.4285714285714 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 1316
Median household income ($/weekly) 1674
Median age of persons 37
Median housing loan repayment ($/monthly) 2100
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 202 15.3
    25-34 years 150 11.4
    35-44 years 216 16.4
    45-54 years 190 14.4
    55-64 years 167 12.7
    Others 392 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 482 56.8
    Not Married 272 32.0
    Defacto Relationship 95 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1057 88.5
    Papua New Guinea 31 2.6
    South Africa 22 1.8
    United Kingdom 39 3.3
    Other 20 1.7
    Others 26 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 895 77.4
    No Religion 241 20.8
    Buddhism 14 1.2
    Other Religious Groups 7 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 35 9.8
    $1,500-$1,999 45 12.6
    $2,000-$2,499 40 11.2
    $2,500-$2,999 46 12.8
    $3,000-$3,499 34 9.5
    Others 158 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 406 43.8
    Not in the labour force 252 27.2
    Employed, worked part-time 186 20.1
    Employed, away from work 57 6.1
    Unemployed, looking for work 26 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 84 12.9
    Professionals 125 19.2
    Technicians & trades workers 91 14.0
    Clerical & administrative workers 93 14.3
    Sales 69 10.6
    Others 188 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 14 4.6
    Infants/Primary 132 43.4
    Secondary 90 29.6
    Technical or Further Educational Institution 21 6.9
    University or other Tertiary Institutions 39 12.8
    Others 8 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1152 98.5
    Flat, unit or apartment 18 1.5
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 183 42.4
    Rented 129 29.9
    Fully owned 120 27.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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