Suburb Profile Report for Edge Hill QLD (4870)

Edge Hill House: Median price $504,999, Annual capital growth 2.06%, Number of sales 60, Weekly median advertised rent $475

Edge Hill Unit: Median price $215,000, Annual capital growth 1.87%, Number of sales 35, Weekly median advertised rent $288

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

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

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If you compare the increase in value of investment property in Edge Hill, 4870 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.37%.

Across a shorter period, Edge Hill, 4870 has seen a median price increase of 1.81% over the last quarter.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.96% offered to property buyers. Sellers in Edge Hill itself are offering an average vendor discount of -6.44% to real estate investors.

With a capital gain of 30.30% for the last 12 months, Edge Hill, 4870 has performed for property investments than its average annual 1.87% property growth over the last 5 years.

Comparing Edge Hill,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.45% offered to property buyers. Sellers in Edge Hill itself are offering an average vendor discount of -8.29% to real estate investors.

Residents and property investors in Edge Hill have been waiting around 66.5238 days to sell a property.

Advertised rents are around the $287.5 mark per week – giving a return of 6.95% based on the median price in Suburb

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
$504,999 $215,000
1.81% 16.22%
-1.37% 30.30%
2.06% 1.87%
$475 $288
60 35
4.89% 6.95%
59.5333333333333 66.5238095238095

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. 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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