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Petrie Terrace, QLD 4000

Home » QLD Real Estate Data » Inner Brisbane, QLD » Petrie Terrace, QLD 4000

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Petrie Terrace, QLD 4000 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Petrie Terrace, QLD 4000”

  1. The total adult population (15 years or older) of Petrie Terrace 4000 QLD is 1,084, with a median age of 31. Of those, 23.43% are married, 11.07% are divorced or separated, 64.30% are single and 1.20% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $12,572. The median monthly mortgage repayment for households in this suburb is $2,665 which is 21.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Petrie Terrace 4000, a well-positioned suburb located in Queensland, hosts approximately 697 households. As we tread into the third quarter of 2023, property market stats for houses in Petrie Terrace tail an interesting spree.

    Typical prices for houses are floating around a stunning $1,387,193 AUD, with a heartening median weekly rent of $647. This culminates into an indicative yield of 2.43% – a tad below the minimum appealing market yield of 3% dedicated to cashflow-centered investors.

    The suburb prides itself with a high socio-economic status, substantiated by an impressive IRSAD score of 1108 out of 1217; a clear pointer to a population with remarkable access to economic resources and earning high income levels. However, the renter to owner ratio stands at 55%, a figure considered questionable due to the high proportion of renters. This might play down the overall neighbourhood appeal and competitiveness for property investors.

    When it comes to diversity in available dwelling type, this suburb displays a preference for houses, with a conservative units to houses ratio of 12%. Generally, this results in reduced competition for landlords for tenants and is likely to attract families after longer tenancy periods.

    The suburb records a 43-year Affordability Index, surpassing the 31-year limit that indicates decreased affordability. It’s, however, worth noting that the low stock on market Percentage of 0.14% and the short inventory level of 0.86 gives Petrie Terrace a favorable position in terms of low supply.

    The housing market remains unchanged in terms of new additions, with zero building approvals. However, houses stay on the market for an average of 111 days – an orientation towards lower demand. Nevertheless, the vacancy rate rests at a low 0.78%, coupled with a buy search index for houses of 7, showcasing a healthy demand for property in Petrie Terrace.

    Therefore, despite a few unfavourable metrics, a majority of the performance indices remain inspiring even as we consider the trends (refer to dashboard). Do remember, RCS by HtAG Analytics lends a hand in automated analysis of over 80 metrics. Here’s to making informed and rewarding property investment decisions!

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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