Suburb Profile Report for Edge Hill QLD (4870)

Edge Hill House: Median price $557,500, Annual capital growth 2.56%, Number of sales 80, Weekly median advertised rent $465

Edge Hill Unit: Median price $175,000, Annual capital growth -1.05%, Number of sales 33, Weekly median advertised rent $295

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

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Edge Hill, 4870 have given investors a capital gain of -1.76%. This compares very badly with the 10.14% for QLD as a whole.

Across a shorter period, Edge Hill, 4870 has seen a median price increase of -1.76% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Edge Hill itself are offering an average vendor discount of -4.96% to real estate investors.

In the last year 80 properties changed hands in Edge Hill, which puts it as the 409th most active market in QLD when comparing the number of sales per suburb.

The QLD suburb of Edge Hill, 4870 is in the Cairns (R) local government area.

Giving property investors a a poor capital gain of -14.63% for the last year, Edge Hill, 4870 is the 1581th highest performer in Australia in this respect.

Across a shorter period, Edge Hill, 4870 has seen a median price increase of 2.34% over the last quarter.

Property investors looking for a bargain in Edge Hill should be aiming for at least -7.26% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

A $295 per week rent on the median house gives suburb investors a gross yield of circa 8.77%, without taking into account capital value appreciation, which has been averaging out at -1.05%.

Information supplied by:




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Median House Price: $500k

Current Yield (houses): 4.8%

Average annual growth (houses): 2.3%

Median Unit Price: $185k

Current Yield (units): 7.9%

Average annual growth (units): -0.1%

Located in the sunshine state’s Cairns region, the suburb of Edge Hill is tracking an average annual growth rate of 2.3% in house values, and the median house price comes in at $500k.

“An under-supply of skilled labour, affordable housing, and a fantastic lifestyle are likely to attract out-of-towners to relocate to Cairns,” shares managing director of Propertyology, Simon Pressley, who has invested in the sun-basked region himself.

"There is an impressive list of infrastructure and major job-creating projects, including several new hotels, a sea port expansion, major convention centre upgrade, and university expansions.”

Metrics i HOUSE UNIT
$557,500 $175,000
-1.76% 2.34%
-1.76% -14.63%
2.56% -1.05%
$465 $295
80 33
4.34% 8.77%
56.2545454545455 70.35

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 3873
Median household income ($/weekly) 1165
Median age of persons 39
Median housing loan repayment ($/monthly) 1712
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 489 12.6
    25-34 years 454 11.7
    35-44 years 648 16.7
    45-54 years 627 16.2
    55-64 years 525 13.6
    Others 1130 29.2
    Age Group
    Census Count Percent(%)
    Not Married 1319 47.1
    Registered Married 1100 39.3
    Defacto Relationship 383 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2724 75.2
    South Korea 54 1.5
    Papua New Guinea 152 4.2
    United Kingdom 241 6.7
    Other 177 4.9
    Others 274 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 2.6
    Christianity 2174 64.1
    Islam 9 0.3
    Other Religious Groups 45 1.3
    No Religion 1061 31.3
    Others 14 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 138 9.8
    $600-$799 148 10.5
    $800-$999 145 10.3
    $1,000-$1,249 133 9.5
    $1,500-$1,999 178 12.7
    Others 662 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1271 43.4
    Not in the labour force 789 27.0
    Employed, worked part-time 642 21.9
    Unemployed, looking for work 120 4.1
    Employed, away from work 105 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 247 12.3
    Professionals 520 25.8
    Technicians & trades workers 267 13.2
    Community & personal service workers 245 12.2
    Clerical & administrative workers 271 13.4
    Others 466 23.1
    Occupation
    Census Count Percent(%)
    Pre-school 35 4.5
    Infants/Primary 306 39.5
    Secondary 191 24.6
    Technical or Further Educational Institution 83 10.7
    University or other Tertiary Institutions 134 17.3
    Others 26 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2880 80.0
    Flat, unit or apartment 478 13.3
    Semi-detached, row or terrace house, townhouse 236 6.6
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 620 40.0
    Being purchased 489 31.5
    Fully owned 442 28.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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