Algester

POSTAL CODE: QLD, 4115

HOUSE

UNIT

ALGESTER ranks 518th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 9.32% for the past year is lower than average compared to its 98.29% growth within a five-year period.

Also in ALGESTER, the median home price is sitting at $1,044,000, and the average rent at $680, this suggests property owners could potentially earn a 3.39% increase in gross rental yield.

Property investors have seen a 6.53% gain in ALGESTER based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.29% growth over a ten-year period. It ranks 1011th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in ALGESTER, 4115 translates to a 70.23% capital gain.

ALGESTER, 4115 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $732,000.

Augmented property values in ALGESTER are trailing behind the QLD average of 15.72% for the past year.

Real estate investors could earn a rental income of $620 based on current median home prices for the suburb.

Home owners selling their properties and realtors in ALGESTER usually have to wait an average of 24.8 days days before their assets are lifted off the market.

ALGESTER ranks 193rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.4% return.

ALGESTER, 4115 places 161st in Australia based on median property value growth during the quarter.

Surburb overview

Algester is a suburb approximately 18 kilometres south of Brisbane's central business district (CBD).

According to the 2021 census, Algester had a population of 9,020, with an average household size of 2.8 people.

Algester offers educational facilities, including Algester State School, a government primary school (Prep-6) located at 19 Endiandra Street. 2017, the school had 990 students and included a special education program. St Stephen's School is a Catholic primary school (Prep-6) at 156 Ridgewood Road. In 2017, the school had 510 students.

Algester is known for its family-friendly environment, featuring parks, bicycle trails, and proximity to schools and shops. Residents appreciate the suburb's peaceful atmosphere and accessibility to outdoor activities.

As of recent reports, the median sold price for houses in Algester is approximately $960,000, with an annual compound growth rate of 17.1% for houses.

Algester's blend of suburban tranquillity, educational facilities, and proximity to Brisbane's CBD makes it desirable for families and professionals seeking a balanced lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,044,000	$732,000
Growth Report
Median Quarterly	6.53%	4.57%
Median 12 month	9.32%	14.38%
Median 3 years	33.85%	70.23%
Median 5 years	98.29%	134.62%
10 years average annual	8.29%	9.8%
Weekly media advert. rent	$680	$620
Time on Market	35.1 days	24.8 days
Gross Rental Yield Percent	3.39%	4.4%

Demographics (Median Values)*

Total Population 7367

Weekly Household Income 1133

Household Size 2.70

Average Age 34

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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