Suburb Profile Report for Oonoonba QLD (4811)

Oonoonba House: Median price $305,000, Annual capital growth 1.92%, Number of sales 21, Weekly median advertised rent $350

  • 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.

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Property investors who have had real estate in Oonoonba, 4811 should be 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 10.91%

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

Information supplied by:


March 2018

M
O

W
E

Townsville suburb records top growth

Postcode: 4811

Median house price: $310,000

Three-year growth: 5.1%

Rental yield: 4.7%

One of the suburbs that has benefited from becoming part of Townsville’s urban planning, Oonoonba is among the biggest-growing suburbs in Queensland.

House value increases peaked at 36.6% in the 12 months leading up to December 2017, and the median price has passed the $300,000 mark. This is still a rather low price, and coupled with the reasonable yield of 4.7%, could represent a favourable investment.

Oonoonba’s The Village development aims to contribute a shopping area to the suburb. The Murray Sporting Complex is in the vicinity, along with community centres. The schools in the area include Oonoomba State School, Townsville High School and C&K Oonoonba Community Kindergarten.

The Townsville CBD is only about 10 minutes away, and can be reached via the train from McPherson Street.

Metrics i HOUSE UNIT
$305,000 N/A
-1.61% N/A
10.91% N/A
1.92% N/A
$350 N/A
21 N/A
5.97% N/A
71.5 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), Above average (U)
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Demographics
Total population 1154
Median household income ($/weekly) 1016
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 142 12.3
    25-34 years 151 13.1
    35-44 years 164 14.2
    45-54 years 180 15.6
    55-64 years 142 12.3
    Others 375 32.5
    Age Group
    Census Count Percent(%)
    Not Married 395 48.5
    Registered Married 293 36.0
    Defacto Relationship 127 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 931 90.5
    Papua New Guinea 16 1.6
    United Kingdom 25 2.4
    United States of America 10 1.0
    Other 17 1.7
    Others 30 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 710 74.0
    No Religion 230 24.0
    Other Religious Groups 10 1.0
    Buddhism 9 0.9
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 49 12.6
    $600-$799 39 10.1
    $800-$999 40 10.3
    $1,000-$1,249 48 12.4
    $1,500-$1,999 49 12.6
    Others 163 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 326 39.1
    Not in the labour force 292 35.0
    Employed, worked part-time 142 17.0
    Employed, away from work 43 5.2
    Unemployed, looking for work 31 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 68 13.4
    Technicians & trades workers 79 15.6
    Community & personal service workers 63 12.4
    Clerical & administrative workers 64 12.6
    Labourers 93 18.3
    Others 141 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 10 4.9
    Infants/Primary 93 45.8
    Secondary 49 24.1
    Technical or Further Educational Institution 9 4.4
    University or other Tertiary Institutions 38 18.7
    Others 4 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 915 88.3
    Flat, unit or apartment 121 11.7
    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(%)
    Rented 150 35.0
    Fully owned 149 34.7
    Being purchased 130 30.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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