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Condon, QLD 4815

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 Condon, QLD 4815 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Condon, QLD 4815”

  1. The total adult population (15 years or older) of Condon 4815 QLD is 4,795, with a median age of 39. Of those, 40.88% are married, 12.95% are divorced or separated, 38.50% are single and 7.70% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,384. The median monthly mortgage repayment for households in this suburb is $1,300 which is 20.36% of their earnings.

    Source: ABS Census Data (2021)

  2. The Queensland suburb of Condon, situated in the 4815 postal region, is home to approximately 3185 households. In Q3 of 2023, the typical property price for houses in Condon stands at an appealing $342,928, paired with a substantial median weekly rent of $402. This combination generates an indicative yield of an impressive 6.1%.

    In terms of the socio-economic scope of Condon, it garners an IRSAD score of 898 out of 1217. This score displays a reasonably strong access to economic resources and skilled occupations, backed by a generally above-average income level among the populace. The suburb presents a renter to owner ratio of 33% and a considerably favourable units to houses ratio of a mere 3%, indicating a primarily house-dominant market that facilitates less competition amongst landlords ensuring better rental yields.

    Condon scores attractive marks for affordability with an index standing at 21 years. This reveals an affordable property market when compared to other suburbs, indicating a shorter duration required for homeowners to fully own a property, which is undoubtedly appealing to both investors and buyers.

    Looking at the supply indicators, Condon offers a low stock on market Percentage of 0.2% and an inventory level of 0.62 months, denoting a low-supply market. building approvals Ratio also rounds off to an extremely low 0.0%, further bolstering the low supply status of the suburb. days on market for houses in Condon measures up to 44 days, which, while not being the lowest, still falls within an acceptable range.

    The vacancy rate in Condon is exceptionally low at 0.47%, suggesting high demand with a very limited supply of properties. The buy search index stands at 4, implying a neutral level of demand for houses in the region.

    As a caveat, potential investors should keep in mind that not only metric values are important, but their trends too. The data for Condon suggests a promising investment opportunity given the high affordability index, low supply metrics and substantial yield. However, as with all property investments, continue to monitor the indicators to ensure the most beneficial investment outcomes. Consider using tools like RCS, a metric developed by HtAG Analytics, which automates research above using over 80 metrics helping you in strategic decision making.

    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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