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North Ward, QLD 4810

Home » QLD Real Estate Data » Townsville City, QLD » North Ward, QLD 4810

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 North Ward, QLD 4810 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 “North Ward, QLD 4810”

  1. The total adult population (15 years or older) of North Ward 4810 QLD is 4,478, with a median age of 40. Of those, 32.31% are married, 17.17% are divorced or separated, 46.52% are single and 4.04% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $9,508. The median monthly mortgage repayment for households in this suburb is $1,744 which is 18.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Queensland, the suburb of North Ward (4810) boasts a vibrant community of approximately 3769 households. As of the third quarter of 2023, the precise property market scene in this suburb is looking intriguing for investors considering houses in this vicinity.

    Typical property prices for houses in North Ward are currently valued at $755,014. Coupled with a median weekly rent of $523, this results in an indicative yield of about 3.6%. This yield indeed lies comfortably above the defined lucrative threshold of 3%.

    Evaluating the essentials, North Ward has an impressive IRSAD score of 1021 out of 1217, signalling that the suburb is home to residents with a comparatively premium socio-economic status. Quick attention should also be given to the renter-to-owner ratio and the units-to-houses ratio which stand at 57% and 68% respectively. These numbers are suggestive of a slightly saturated rental market, potentially posing stiff competition among landlords.

    Conversely, when affordability is tested using the ‘years to own’ metric reflecting the duration needed to fully own a property, North Ward stands at 31 years. While slightly exceeding the standard 30 years, this indicates North Ward is relatively high on the affordability scale.

    Peeling down to supply metrics, the Stock-On-Market Percentage paints a happy picture with a low 0.31%, indicating a favourable market condition. Moreover, the inventory level for houses is a promising 0.72 months, again suggesting low supply. Echoing this low supply vibe, the building approvals Ratio for houses is at an encouraging low of 0.21%.

    Strong selling sentiment is visible in the suburb with an average of 47 days on market for houses, implying high demand. North Ward further exhibits a low vacancy rate of 0.83% (across houses and units) and a decent buy search index for houses amounting to 4.

    However, it’s crucial to remember that while North Ward does present some grey areas, notably in terms of the high renter-to-owner ratio and the units-to-houses ratio, majority of the other metrics remain favourable.

    The Relative Composite Score (RCS) provided by HtAG Analytics, which integrates over 80 metrics, would provide comprehensive insights into the local market. In conclusion, North Ward’s property market exhibits a mix of prosperous elements with a few areas requiring cautious navigation. It is always gratifying to follow trends, the accumulation of data and analytics when embarking on property investments in such suburbs.

    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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