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Petrie
AREA REPORTS

Petrie

Petrie - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4502

house
unit

Property investments in PETRIE did not fare well against the rest of the country last year, registering a median home price decrease of 16.85%.

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

Based on its average 5-year and quarterly capital gains PETRIE, 4502 saw average growth in the long term.

Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 23.3 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $520,000.

PETRIE ranks 459th on the list of best yielding suburbs for rental properties in QLD, posting a 4.2% return.

Data report can be found below

Petrie
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $520,000 $311,100
GROWTH REPORT
Median Quarterly 6.12% 0%
Median 12 month 16.85% -0.61%
Median 3 years 19.54% -4.72%
Median 5 years 26.83% -6.01%
10 years average annual 3.35% -1.19%
Weekly media advert. rent $420 $350
Time on Market 23.3 days 74.7 days
Gross Rental Yield Percent 4.2% 5.85%
demographics (median values)*
Total Population
8567
Weekly Household Income
1172
Household Size
2.90
Age
33
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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