Suburb Profile Report for Whitfield QLD (4870)

Whitfield House: Median price $552,500, Annual capital growth 3.10%, Number of sales 63, Weekly median advertised rent $470

Whitfield Unit: Median price $279,500, Annual capital growth 1.70%, Number of sales 23, Weekly median advertised rent $300

  • 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

Investment property in Whitfield has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.45%

The five-year average increase in median property values for Whitfield,4870 has given property investors a potential capital gain of 9.41% across each of those five years.

Vendor discounting in Whitfield is giving property investors an average Vendor Discount of around -5.83%. This puts suburb at number 455th in QLD when ranking the most discounted suburbs.

Residents and property investors in Whitfield have been waiting around 80.6909 days to sell a property.

Whitfield, 4870’s gross rental yield is 4.42%

Property investors who have had real estate in Whitfield, 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 9.61%

Taking the average capital gain, or increase in median house value, Whitfield,4870 has racked up an average of 9.61% over the period. This ranks it number 241th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Whitfield is giving property investors an average Vendor Discount of around -6.21%. This puts suburb at number 109th in QLD when ranking the most discounted suburbs.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 1.70%, investors should hope to achieve an overall return of 5.58%

Metrics i HOUSE UNIT
$552,500 $279,500
-1.34% -0.89%
0.45% 9.61%
3.10% 1.70%
$470 $300
63 23
4.42% 5.58%
80.6909090909091 64.5

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 : Good (H), Very good (U)
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Demographics
Total population 4177
Median household income ($/weekly) 1256
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 589 14.1
    25-34 years 405 9.7
    35-44 years 682 16.3
    45-54 years 675 16.2
    55-64 years 511 12.2
    Others 1316 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 1360 46.9
    Not Married 1157 39.9
    Defacto Relationship 381 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3100 79.6
    South Korea 46 1.2
    Papua New Guinea 145 3.7
    United Kingdom 239 6.1
    Other 142 3.6
    Others 223 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 1.4
    Christianity 2484 67.2
    Islam 21 0.6
    Other Religious Groups 17 0.5
    No Religion 1105 29.9
    Others 20 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 137 9.6
    $800-$999 162 11.3
    $1,000-$1,249 136 9.5
    $1,500-$1,999 180 12.6
    $2,000-$2,499 149 10.4
    Others 668 46.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1333 43.6
    Not in the labour force 870 28.5
    Employed, worked part-time 618 20.2
    Employed, away from work 128 4.2
    Unemployed, looking for work 105 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 264 12.7
    Professionals 557 26.9
    Technicians & trades workers 244 11.8
    Community & personal service workers 227 10.9
    Clerical & administrative workers 323 15.6
    Others 459 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 45 5.2
    Infants/Primary 388 44.4
    Secondary 220 25.2
    Technical or Further Educational Institution 58 6.6
    University or other Tertiary Institutions 130 14.9
    Others 32 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2598 67.9
    Flat, unit or apartment 668 17.5
    Semi-detached, row or terrace house, townhouse 547 14.3
    House or flat attached to a shop, office 12 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 553 35.2
    Fully owned 521 33.2
    Rented 459 29.3
    Other tenure type 36 2.3
    Tenure Type
Census 2011, ABS
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