Suburb Profile Report for Queenstown SA (5014)

Queenstown House: Median price $393,750, Annual capital growth 0.89%, Number of sales 29, Weekly median advertised rent $370

Queenstown Unit: Median price $315,000, Annual capital growth 4.36%, Number of sales 11, Weekly median advertised rent $275

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

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

  • House Report
  • Unit Report

Queenstown, 5014 ranked 210th in SA when comparing growth in median property values or capital gain over the last 12 months. Queenstown is one of 853 in our list for SA

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Queenstown has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Queenstown are currently offering property investors an average price cut of -5.83% below the asking price at the moment.

On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.

Renters in Suburb are facing rents around $19240 per annum or $370 every week.

Over the last year, property investments in Queenstown, 5014 have given investors a capital gain of 14.55%. This compares very favourably with the 1.05% for SA as a whole.

Queenstown,5014 was ranked 929 in Australia by increase in median property value over the quarter.

Metrics i HOUSE UNIT
$393,750 $315,000
2.27% -0.16%
1.61% 14.55%
0.89% 4.36%
$370 $275
29 11
4.89% 4.54%
52.0555555555556 N/A

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1804
Median household income ($/weekly) 790
Median age of persons 43
Median housing loan repayment ($/monthly) 1300
Average household size 2
  • Census Count Percent(%)
    25-34 years 260 14.4
    35-44 years 231 12.8
    45-54 years 277 15.3
    55-64 years 225 12.5
    65-74 years 177 9.8
    Others 635 35.2
    Age Group
    Census Count Percent(%)
    Not Married 747 52.1
    Registered Married 554 38.7
    Defacto Relationship 132 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1245 74.0
    Croatia 58 3.4
    Hong Kong 40 2.4
    United Kingdom 91 5.4
    Other 81 4.8
    Others 168 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 2.5
    Christianity 1024 63.6
    Islam 17 1.1
    Other Religious Groups 18 1.1
    No Religion 503 31.2
    Others 8 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 115 14.8
    $400-$599 122 15.7
    $600-$799 88 11.3
    $800-$999 81 10.4
    $1,000-$1,249 69 8.9
    Others 301 38.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 633 43.1
    Employed, worked full-time 486 33.1
    Employed, worked part-time 243 16.5
    Unemployed, looking for work 62 4.2
    Employed, away from work 45 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 123 15.9
    Technicians & trades workers 128 16.5
    Community & personal service workers 88 11.4
    Clerical & administrative workers 111 14.3
    Labourers 102 13.2
    Others 222 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 20 6.8
    Infants/Primary 115 39.0
    Secondary 60 20.3
    Technical or Further Educational Institution 39 13.2
    University or other Tertiary Institutions 47 15.9
    Others 14 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1183 70.4
    Flat, unit or apartment 271 16.1
    Semi-detached, row or terrace house, townhouse 200 11.9
    House or flat attached to a shop, office 27 1.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 308 37.4
    Fully owned 250 30.4
    Being purchased 239 29.0
    Other tenure type 26 3.2
    Tenure Type
Census 2011, ABS
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