Allenstown

POSTAL CODE: QLD, 4700

HOUSE

UNIT

ALLENSTOWN, 4700 ranks 377th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.75% for property investors.

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $491,000.

The upward trend in home prices in ALLENSTOWN, 4700 averaged 21.68% per annum over a 3-year period.

Average weekly rents on listings have reached the $490 mark, reflecting a 5.19% increase in returns based on the current median price in ALLENSTOWN.

An average of 7.33 real estate transactions take place per month in ALLENSTOWN which translates to 88 per annum.

88 properties were sold in ALLENSTOWN in 2016, making it the 45th most active market in QLD based on total real estate transactions.

ALLENSTOWN, 4700 places 610th in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $450,000.

Average median unit prices in QLD have risen as a whole, pulling ALLENSTOWN, 4700 values up and netting property investors a capital gain of 20% for the past year.

Investors saw the median home price rise to $450,000.

The upward trend in home prices in ALLENSTOWN, 4700 averaged 25.84% per annum over a 3-year period.

ALLENSTOWN now ranks at the 21st place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In ALLENSTOWN, homes and units usually stay on listing for an average of 19.5 days.

13 properties were sold in ALLENSTOWN in 2016, making it the 362nd most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$491,000	$450,000
Growth Report
Median Quarterly	2.29%	13.35%
Median 12 month	22.75%	20%
Median 3 years	65.04%	77.51%
Median 5 years	105.87%	0%
10 years average annual	7.6%	16.02%
Weekly media advert. rent	$490	$400
Time on Market	24.9 days	19.5 days
Gross Rental Yield Percent	5.19%	4.62%

Demographics (Median Values)*

Total Population 2720

Weekly Household Income 705.4

Household Size 2.30

Average Age 37

Monthly Loan Repayment 904

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

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