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Runaway Bay
AREA REPORTS

Runaway Bay

Runaway Bay - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4216

house
unit

Property investors have seen a 5.26% gain in RUNAWAY BAY based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on RUNAWAY BAY, 4216 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 20.77%.

Based on its average 5-year and quarterly capital gains RUNAWAY BAY, 4216 saw average growth in the long term.

The QLD 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 $1,250,000

Profits averaged 15.69% per annum over a 3-year period, due to an upward trend in home prices in RUNAWAY BAY, 4216.

This means, real estate investors could earn a rental income of $850 based on current median home prices for the suburb.

The gross rental yield in RUNAWAY BAY, 4216 is 3.54%.

An average of 15.5 real estate transactions take place per month in RUNAWAY BAY which translates to 186 per annum.

Data report can be found below

Runaway Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,250,000 $573,000
GROWTH REPORT
Median Quarterly 5.26% 6.11%
Median 12 month 20.77% 10.19%
Median 3 years 47.06% 12.57%
Median 5 years 30.55% 23.62%
10 years average annual 5.75% 3.06%
Weekly media advert. rent $850 $550
Time on Market 37.1 days 51.1 days
Gross Rental Yield Percent 3.54% 4.99%
demographics (median values)*
Total Population
8449
Weekly Household Income
1050
Household Size
2.20
Age
50
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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