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Eight Mile Plains

POSTAL CODE: QLD, 4113
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Property investors enjoyed capital gains of 2.78% over the last 12 months in EIGHT MILE PLAINS, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in EIGHT MILE PLAINS are low, as opposed to average gains per annum over the past five years.

The suburb posted a 23.97% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

On average, rents on listings have reached the $750 mark, reflecting a 2.6% increase in returns based on the current median price in EIGHT MILE PLAINS.

EIGHT MILE PLAINS, 4113 ranks 860th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 674th on the list of best yielding suburbs for rental properties in QLD, posting a 2.6% return.

Surburb overview

Eight Mile Plains is an outer southern suburb in Brisbane, Queensland, Australia, located approximately 14.9 kilometres south-southeast of the Brisbane Central Business District (CBD). 

According to the 2021 census, Eight Mile Plains had a population of 15,326. Notably, it includes the largest Korean Australian community of any suburb in Queensland, with 1,150 individuals making up 6.1% of the population. 

A prominent heritage-listed site in Eight Mile Plains is Hughesville, a landmark Queensland vernacular house at the corner of Logan Road and Padstow Road. Built in the late 19th century, Hughesville is recognised for its classic architectural beauty and historical significance. 

Eight Mile Plains is well-connected to Brisbane's CBD and surrounding regions via major highways, including the Pacific Motorway and the Gateway Motorway. The suburb is also serviced by the Brisbane Metro, with the first stage linking Eight Mile Plains to the University of Queensland, which commenced operations on October 21, 2024. 

The suburb offers a variety of amenities, including shopping centres, restaurants, and parks. It is in proximity to major shopping destinations like Westfield Garden City. The area is known for its multicultural dining options, reflecting its diverse community. 

Recent reports show Eight Mile Plains has a diverse property market with various housing options. The suburb's strategic location and amenities contribute to its appeal among families and professionals seeking convenient access to the city while enjoying suburban living. 

Eight Mile Plains' blend of cultural diversity, heritage sites, and modern amenities make it a vibrant and desirable suburb in Brisbane. Its connectivity to major transport routes and the recent addition of the Brisbane Metro enhance its appeal for residents and investors alike.

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