Carina Heights

POSTAL CODE: QLD, 4152

HOUSE

UNIT

Homeowners and real estate investors betting on CARINA HEIGHTS, 4152 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 12.69%.

A steady increase in median property prices over a five-year period in the suburb translates to a 32.88% capital gain.

Property investors in CARINA HEIGHTS enjoyed capital gains of 12.69% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also 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 $1,465,000.

Profits due to an upward trend in home prices there averaged 10.96% per annum over a 3-year period.

Home owners selling their properties and realtors in CARINA HEIGHTS usually have to wait an average of 35.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $720 mark, reflecting a 2.56% increase in returns based on the current median price in CARINA HEIGHTS.

CARINA HEIGHTS, 4152 places 197th in Australia based on median property value growth during the quarter.

Property investors in CARINA HEIGHTS enjoyed capital gains of 10.61% over the last 12 months translating to lower returns compared with its peers in the territory.

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

CARINA HEIGHTS posted a 41% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $680 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $680 mark, reflecting a 4.12% increase in returns based on the current median price in CARINA HEIGHTS.

CARINA HEIGHTS, 4152 ranks 303rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

CARINA HEIGHTS ranks 257th on the list of best yielding suburbs for rental properties in QLD, posting a 4.12% return.

Surburb overview

Carina Heights is a leafy suburb approximately 7 kilometres southeast of Brisbane's central business district and shares boundaries with Carindale, Carina, and Camp Hill.

According to the latest census data, Carina Heights has a population of around 6,800. The demographic profile reflects a mix of young professionals, families, and retirees. The suburb primarily consists of detached homes on spacious blocks, with many modern townhouses and low-rise apartment developments catering to various lifestyle preferences.

Public transportation in Carina Heights is accessible. Regular bus services connect the suburb to Brisbane's CBD and surrounding areas. The nearby Carindale bus interchange at Westfield Carindale enhances commuter connectivity.

Essential amenities in the suburb are plentiful. Residents benefit from being close to Westfield Carindale, one of Brisbane’s largest shopping centres, which offers a wide range of retail outlets, dining options, and a cinema. The suburb also has smaller local shops and services along Old Cleveland Road.

For recreation, Carina Heights is well-known for its green spaces and outdoor activities. Whites Hill Reserve is a popular destination, providing bushwalking tracks, picnic spots, and panoramic views of Brisbane. Additionally, residents have access to sporting facilities and playgrounds that cater to families and fitness enthusiasts.

Carina Heights’ strategic location near major arterials, such as the Gateway Motorway, ensures convenient travel to Brisbane Airport and coastal destinations like the Gold and Sunshine Coasts. This suburban haven combines urban conveniences with a tranquil lifestyle, making it an appealing choice for diverse residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,465,000	$857,250
Growth Report
Median Quarterly	6.24%	5.18%
Median 12 month	12.69%	10.61%
Median 3 years	32.88%	41%
Median 5 years	92.76%	82.39%
10 years average annual	10.07%	6.3%
Weekly media advert. rent	$720	$680
Time on Market	35.3 days	27.8 days
Gross Rental Yield Percent	2.56%	4.12%

Demographics (Median Values)*

Total Population 5764

Weekly Household Income 1096

Household Size 2.40

Average Age 36

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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