Suburb Profile Report for Edge Hill QLD (4870)

Edge Hill House: Median price $546,000, Annual capital growth 2.56%, Number of sales 70, Weekly median advertised rent $460

Edge Hill Unit: Median price $205,000, Annual capital growth 2.00%, Number of sales 34, Weekly median advertised rent $285

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Edge Hill, 4870 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 9.53%

Across a shorter period, Edge Hill, 4870 has seen a median price increase of 0.18% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Edge Hill is offering property investors an average of -6.74. This rate of discount on properties puts Suburb at number 221th in terms of most discounted suburbs in QLD

Residents and property investors in Edge Hill have been waiting around 62.3077 days to sell a property.

Using the current median advertised rental of $460 and the average annual increase in value of a median property of 2.56%, investors should hope to achieve an overall return of 4.38%

Property investors who have had real estate in Edge Hill, 4870 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 10.81%

While Edge Hill,4870 ranked number 154th in QLD for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.

Our latest figures would indicate that property sellers in Edge Hill are currently offering property investors an average price cut of -7.34% below the asking price at the moment.

Often selling an investment property can take time, and in Edge Hill the average time real estate has been on the market is 80.3043 days.

Situated 1393.04km from the CBD, Edge Hill is one of Cairns (R) localities in the postcode 4870.

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
$546,000 $205,000
0.18% 0.00%
9.53% 10.81%
2.56% 2.00%
$460 $285
70 34
4.38% 7.23%
62.3076923076923 80.304347826087

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 : Good (H), Above average (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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