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Bracken Ridge, QLD 4017

Home » QLD Real Estate Data » Northern Brisbane, QLD » Bracken Ridge, QLD 4017

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 Bracken Ridge, QLD 4017 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.

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Bracken Ridge, QLD 4017”

  1. The total adult population (15 years or older) of Bracken Ridge 4017 QLD is 13,931, with a median age of 37. Of those, 50.17% are married, 11.44% are divorced or separated, 34.30% are single and 4.11% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,596. The median monthly mortgage repayment for households in this suburb is $1,800 which is 20.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of Bracken Ridge 4017 is comprised of approximately 6634 households. As we move into the third quarter of 2023, the typical house price within this neighbourhood is valued at $706,280. Median rent figures hover around the $568 per week mark, equating to a promising indicative yield of 4.18%, suggesting highly favourable returns for property investors.

    When it comes to socio-economic conditions, Bracken Ridge sports an IRSAD score of 1002 out of 1217, an indication of relatively higher income levels and greater access to economic resources within the community. The renter to owner ratio, a key fundamental metric, stands at a low 24%, making the market less saturated with rental properties resulting in a healthier competition among property investors.

    Further bolstering its appeal for investors, the units to houses ratio is a mere 1%. With less competition among landlords, this low percentage supports the maintenance of high rental yields and attracts more families due to the dominance of houses in the market.

    Despite its merit, one area of concern could be the affordability index which is slightly above the ideal range, standing at 32 years. This is an indicator of somewhat decreased affordability, meaning that the estimated duration required to fully own a property exceeds the conventional 30-year mortgage period.

    Looking at supply metrics, Bracken Ridge remains in a favourable position. Its stock on market Percentage for houses is as low as 0.23%, indicating scant supply and greater competitiveness among potential buyers. The inventory level for houses here is also low, sitting at 0.76 months, showing how quickly properties are being absorbed in the market. To add to this, the building approvals ratio is low as well, at 0.27%, pointing to fewer new dwellings entering the market.

    Nevertheless, on the demand side, we observe a higher days on market value of 113 suggesting a slightly lower market demand for properties. However, this is offset by the extremely low vacancy rate of 0.7% indicating high demand and limited availability of housing.

    The buy search index for houses is 3, while this falls below the high demand indication of 6, it is not far from the state’s average, hence ensuring a steady, albeit average demand for properties in Bracken Ridge.

    In conclusion, while keeping a keen eye on some metrics that could improve, such as the high affordability index and slightly prolonged Days on Market, the suburb of Bracken Ridge brings on table positive potentials with its high yield, favourable supply metrics and low vacancy rates.

    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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