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Pullenvale, QLD 4069

Home » QLD Real Estate Data » Western Brisbane, QLD » Pullenvale, QLD 4069

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 Pullenvale, QLD 4069 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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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 “Pullenvale, QLD 4069”

  1. The total adult population (15 years or older) of Pullenvale 4069 QLD is 2,634, with a median age of 43. Of those, 62.57% are married, 6.04% are divorced or separated, 28.32% are single and 2.77% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $17,156. The median monthly mortgage repayment for households in this suburb is $3,033 which is 17.68% of their earnings.

    Source: ABS Census Data (2021)

  2. Settled in the state of Queensland, the suburb of Pullenvale 4069 is a charming residential area that’s home to an estimated 1,127 households. The property market in this neighbourhood shows potential for both investors and homeowners, with the latest statistics for Q3 2023 presenting several favourable indicators.

    Houses in Pullenvale are typifying a strong market with sale prices averaging at $1,698,347. These properties generate a median weekly rent of $1,212, showcasing a solid indicative yield of 3.71%. This attractive yield comfortably sits above the required mark of 3% for cashflow-focused investors, providing an appealing aspect for potential property investment in the area.

    Pullenvale’s socio-economic ranking is among the best with an IRSAD score of 1,180 out of 1,217. This high rating is an indicator of the residents’ strong socio-economic conditions, showcasing successful access to economic resources and a potential for higher income levels.

    The renter to owner ratio in Pullenvale is a low 6%, which signifies the majority ownership of homes and a lower-risk market for investors considering the longevity of their returns. Furthermore, the suburb enjoys a commendable units to houses ratio of 0%, suggesting a substantial demand for homes, longer tenancy periods, and less competition among landlords for tenants, a definite win for property holders.

    However, the affordability index for Pullenvale stands at 39 years. This signifies a less affordable market, but it is not surprising considering the high prices and a robust socio-economic status of the local community.

    The stock on market Percentage for houses in Pullenvale is at an enticing low of 0.18%, indicating a favourable market condition with a limited supply. inventory level stands at 4 months, walking the peripheral line of a high but still manageable supply level. Further favourability is seen in the building approvals Ratio, displaying a low score of 0.27% and suggesting a regulated new dwelling supply market.

    However, the days on market for houses is quite high at 183, demonstrating a slower rate of sales, which might suggest a slightly lower demand. Yet, the vacancy rate of 2.9% (combined for houses and units) walks a fine line of neutrality, suggesting a satisfactory demand and ensuring a limited supply.

    Pullenvale’s impressive buy search index of 10 signifies a high demand for houses, indicating a keen interest from potential buyers or renters. This bodes well for property investors as there seems to be a prospective lucrative market waiting to be captured in this suburb.

    Overall, while a deep dive into all the metrics is essential, it’s important to remember that having a few metrics in the unfavourable range doesn’t negate the potential benefits if the majority metrics are favourable. The HtAG Analytics’ Relative Composite Score (RCS) would provide a comprehensive measure incorporating over 80 metrics for a more accurate investment decision. The Pullenvale property market ideally requires a closer watch and an informed eye to make the most of the opportunities it presents.

    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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