Suburb Profile Report for Kirwan QLD (4817)

Kirwan House: Median price $308,500, Annual capital growth -1.74%, Number of sales 220, Weekly median advertised rent $350

Kirwan Unit: Median price $204,000, Annual capital growth -2.07%, Number of sales 29, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

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

  • House Report
  • Unit Report

Property value increases in Kirwan have tracked just higher than the QLD average of 0.88% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Kirwan comes in at number 732th in QLD.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Kirwan itself are offering an average vendor discount of -8.62% to real estate investors.

Advertised rents are around the $350 mark per week – giving a return of 5.90% based on the median price in Suburb

Property investors who have had real estate in Kirwan, 4817 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 25.93%

A -27.14% growth in median value for property investors in Kirwan,4817 puts this suburb at number 54th in terms of best performing suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Kirwan is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 17th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Kirwan the average time real estate has been on the market is 93.55 days.

A $270 per week rent on the median house gives suburb investors a gross yield of circa 6.88%, without taking into account capital value appreciation, which has been averaging out at -2.07%.

Metrics i HOUSE UNIT
$308,500 $204,000
-2.06% 3.03%
2.15% 25.93%
-1.74% -2.07%
$350 $270
220 29
5.90% 6.88%
91.1875 93.55

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

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Kirwan QLD
Demographics
Total population 21771
Median household income ($/weekly) 1538
Median age of persons 31
Median housing loan repayment ($/monthly) 1830
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 3334 15.3
    25-34 years 3170 14.6
    35-44 years 3273 15.0
    45-54 years 2943 13.5
    55-64 years 2055 9.4
    Others 6995 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 7122 47.5
    Not Married 5903 39.3
    Defacto Relationship 1979 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 18194 87.9
    Papua New Guinea 543 2.6
    Philippines 138 0.7
    United Kingdom 696 3.4
    Other 442 2.1
    Others 682 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 137 0.7
    Christianity 15419 77.0
    Islam 61 0.3
    Other Religious Groups 71 0.4
    No Religion 4293 21.4
    Others 45 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 592 9.5
    $1,250-$1,499 580 9.3
    $1,500-$1,999 1046 16.8
    $2,000-$2,499 892 14.3
    $2,500-$2,999 571 9.2
    Others 2544 40.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7447 47.1
    Not in the labour force 3970 25.1
    Employed, worked part-time 3092 19.5
    Employed, away from work 750 4.7
    Unemployed, looking for work 564 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1609 14.3
    Technicians & trades workers 1906 16.9
    Community & personal service workers 1464 13.0
    Clerical & administrative workers 1788 15.8
    Sales 1278 11.3
    Others 3246 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 278 5.0
    Infants/Primary 2176 39.3
    Secondary 1643 29.7
    Technical or Further Educational Institution 425 7.7
    University or other Tertiary Institutions 909 16.4
    Others 99 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19246 93.7
    Semi-detached, row or terrace house, townhouse 985 4.8
    Flat, unit or apartment 298 1.5
    Improvised home, tent, sleepers out 7 0.0
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2860 40.1
    Rented 2784 39.0
    Fully owned 1464 20.5
    Other tenure type 31 0.4
    Tenure Type
Census 2011, ABS
Chart Table