Suburb Profile Report for Collinsville QLD (4804)

Collinsville House: Median price $83,500, Annual capital growth 0.65%, Number of sales 16, Weekly median advertised rent N/A

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Expert Report
House Report

Investment property in Collinsville has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.21%

Information supplied by:

YIP MAG
March 2016

M
O

W
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Conditions in the Central Queensland town of Collinsville are a prime example of the troubles mining towns across Australia are now facing.

In this suburb, around 160km inland from Airlie Beach, nearly a quarter of the dwellings remain empty, according to the latest figures from Real Estate Investar.

The current vacancy rate sits at 22.36%, having increased from 18.85% over the past 12 months.

Recent population fluctuations have likely played a part in the increasing vacancy rate: census figures from 2006 put Collinsville’s population at 2,063, compared to 1,501 in the 2011 census.

The worsening rental market in Collinsville has also had an impact on prices in the township, with the median house price sitting at $112,500, having fallen by 39% in the last five years.

While the future may not look good for Collinsville, landlords who currently have tenants are doing all right, with average yields sitting at 10%.

Metrics	HOUSE	UNIT
Median price	$83,500	N/A
Quarterly growth	15.97%	N/A
12-month growth	1.21%	N/A
Average Annual Growth	0.65%	N/A
Weekly median advertised rent	N/A	N/A
Number of sales	16	N/A
Gross rental yield	N/A	N/A
Days on market	N/A	N/A

DSR Score for property investment : Poor (H), Below average (U)

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Demographics

Total population	1501
Median household income ($/weekly)	1370
Median age of persons	39
Median housing loan repayment ($/monthly)	1300
Average household size	2.2

Census	Count	Percent(%)
5-14 years	182	12.1
25-34 years	188	12.5
35-44 years	191	12.7
45-54 years	230	15.3
55-64 years	194	12.9
Others	515	34.3

Age Group

Census	Count	Percent(%)
Registered Married	428	45.3
Not Married	373	39.5
Defacto Relationship	143	15.1

Social Marital Status

Census	Count	Percent(%)
Australia	1153	91.7
Papua New Guinea	24	1.9
Philippines	26	2.1
United Kingdom	18	1.4
Other	16	1.3
Others	20	1.6

Country of Birth

Census	Count	Percent(%)
Christianity	842	69.2
No Religion	374	30.8
Buddhism	0	0.0
Hinduism	0	0.0
Islam	0	0.0
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$300-$399	57	12.0
$400-$599	46	9.7
$1,500-$1,999	59	12.4
$2,000-$2,499	39	8.2
$2,500-$2,999	70	14.7
Others	205	43.1

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	431	41.4
Not in the labour force	362	34.7
Employed, worked part-time	159	15.3
Employed, away from work	57	5.5
Unemployed, looking for work	33	3.2

Person Characteristics

Census	Count	Percent(%)
Professionals	53	8.2
Technicians & trades workers	122	18.9
Community & personal service workers	52	8.0
Machinery operators & drivers	187	28.9
Labourers	80	12.4
Others	153	23.6

Occupation

Census	Count	Percent(%)
Pre-school	16	7.1
Infants/Primary	101	44.9
Secondary	67	29.8
Technical or Further Educational Institution	27	12.0
Other type of educational institution	10	4.4
Others	4	1.8

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	710	59.6
Semi-detached, row or terrace house, townhouse	429	36.0
Flat, unit or apartment	39	3.3
Caravan, cabin, houseboat	9	0.8
House or flat attached to a shop, office	5	0.4
Others	0	0.0