Smithfield

POSTAL CODE: QLD, 4878

HOUSE

UNIT

Property investments in SMITHFIELD fare well against the rest of the country last year, registering a median home price increase of 9.71%.

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

Based on its average 5-year and quarterly capital gains SMITHFIELD, 4878 saw average growth in the long term.

Real estate investors could earn a rental income of $710 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 28.4 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 $768,000.

SMITHFIELD ranks 125th on the list of best yielding suburbs for rental properties in QLD, posting a 4.81% return.

Based on its average 5-year and quarterly capital gains SMITHFIELD, 4878 saw average growth in the long term.

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

Profits due to an upward trend in home prices in SMITHFIELD, 4878 averaged 10.9% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in SMITHFIELD.

An average of 1.25 real estate transactions take place per month in SMITHFIELD which translates to 15 per annum.

15 properties were sold in SMITHFIELD during the past year, making it the 327th most active market in QLD based on total real estate transactions.

SMITHFIELD, 4878 places 361st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$768,000	$398,100
Growth Report
Median Quarterly	3.09%	0.03%
Median 12 month	9.71%	7.59%
Median 3 years	30.39%	32.7%
Median 5 years	76.55%	80.95%
10 years average annual	6.55%	4.15%
Weekly media advert. rent	$710	N/A
Time on Market	28.4 days	N/A
Gross Rental Yield Percent	4.81%	0%

Demographics (Median Values)*

Total Population 3072

Weekly Household Income 1110

Household Size 2.70

Average Age 36

Monthly Loan Repayment 1294

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

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