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Eight Mile Plains, QLD 4113

Home » QLD Real Estate Data » Southern Brisbane, QLD » Eight Mile Plains, QLD 4113

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 Eight Mile Plains, QLD 4113 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 

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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.

Have a question? You can either leave a comment below or post it on our forum.

3 thoughts on “Eight Mile Plains, QLD 4113”

  1. The total adult population (15 years or older) of Eight Mile Plains 4113 QLD is 12,644, with a median age of 36. Of those, 52.54% are married, 8.99% are divorced or separated, 34.13% are single and 4.30% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,196. The median monthly mortgage repayment for households in this suburb is $1,803 which is 22.00% of their earnings.

    Source: ABS Census Data (2021)

  2. Highly desirable suburb for those superstitious about the number 8.

    Demand is seems to correlate with land size and those houses which appear wealthier. Brisbane Metro will have a new station and depot in the suburb. Infrastructure will always boost the over value of a suburb.

    Access to major a Westfield Shopping Centre is a premium feature. Prime access point between Pacific Highway and Gateway Motorway. Good mix of residential and commercial spaces.

    Major Logan Road Upgrades are on the cards at the boundary road intersection. Nearly $40M worth of forced property buy is on the cards for a new bridge there.

  3. The suburb of Eight Mile Plains, Queensland (postcode 4113), has approximately 6,057 households and enjoys a strong socio-economic score. Properties here have been experiencing major shifts in terms of affordability and attractiveness to both the owner-occupier market and investors as of the 3rd quarter of 2023.

    The indicative yield, which represents the rental return on homes, stands at 2.69%. This figure is derived from the average house price sitting at a noteworthy $1,143,810 and the median weekly rent at $591. Although this yield is slightly below the commonly accepted 3% cashflow target for property investors, it does underline the strong potential for capital growth in the area.

    Another powerful indicator of an area’s attractiveness is the IRSAD score, where Eight Mile Plains 4113 hits a respectable 1041 of a maximum 1217 benchmark. This signifies that the suburb houses a population with reasonable access to economic resources and a proportion of highly skilled professions.

    One particularly interesting observation is the suburb’s renter to owner ratio. It clocks at 34%, which is slightly above the preferred 30% and below the cautionary 45%, hinting at balanced market saturation for rental properties. This means a fair opportunity for landlords, positively impacting the property investment landscape.

    There is also a definite skew towards houses over units in the neighbourhood as the units to houses ratio is only at 4%. It suggests a preference for a more family-oriented environment.

    However, the affordability index, measured as the years taken to fully own a house, stands at a lofty 55 years. Although it hints at a potentially less affordable area for prospective homeowners, it underlines for an investor the suburb’s strong appeal and pricing resilience.

    In terms of the overall supply measures, considerable positivity emanates from the stock on market percentage which sits at 0.19%, well below the 1.3% max that indicates high supply. This indicates a low supply market, which tends to edge up demand. Furthermore, the inventory level of only 0.87 months implies that this market can easily absorb new dwellings. Meanwhile, the building approvals ratio comes in at a manageable 1.37%, indicating a balanced approach to the supply of new properties.

    The impressively low average of 13 days on the market for properties denotes high property demand in this location— a positive indicator for the property market’s health. The vacancy rate in the area, combining both houses and units, comes in at just over 1%, indicating high demand with low supply, making it an attractive prospect for landlords.

    However, the buy search index sits at a moderate level of 2. Despite this being below the more lively indicators of above 3, it does not negate the several other favourable factors in Eight Mile Plains 4113.

    In conclusion, Eight Mile Plains offers some subtleties in terms of property investment. Combining observations from data like these and more will enable intelligent, data-led decision-making on real estate investments. It also is essential to keep track of trends and developments in the area, which may sway the interpretation of these metrics over time. Finally, enlisting the help of tools like RCS from HtAG Analytics can provide a more comprehensive market analysis, making your investment research more straightforward.

    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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