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Oonoonba, QLD 4811

Home » QLD Real Estate Data » Townsville City, QLD » Oonoonba, QLD 4811

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 Oonoonba, QLD 4811 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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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 “Oonoonba, QLD 4811”

  1. The total adult population (15 years or older) of Oonoonba 4811 QLD is 1,774, with a median age of 31. Of those, 24.41% are married, 14.83% are divorced or separated, 57.44% are single and 3.49% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,820. The median monthly mortgage repayment for households in this suburb is $1,430 which is 18.29% of their earnings.

    Source: ABS Census Data (2021)

  2. The featured suburb, Oonoonba, carries the postcode 4811 and is located in Queensland, housing an estimated total of 1226 households. As we delve into Q3 of 2023, the typical house price in this area sits at a moderate $404,112. Coupled with a median weekly rent of $420, Oonoonba signals a promising indicative yield of 5.4%, a figure that certainly excites cashflow-focused property investors.

    Oonoonba holds an IRSAD (socio-economic) score of 947 out of a possible 1217. This score illustrates favourable socio-economic conditions in the area with a population likely to have reasonable access to both societal and economic resources. However, the high renter to owner ratio, at 51%, calls for caution, as it suggests an oversaturation with rental properties which could potentially result in decreased returns in the long term.

    The low units to houses ratio (5%) acts as a merit for Oonoonba, indicating less competition among landlords for tenants and potentially maintaining high rental yields. The suburb’s affordability index sits at a favourable 20 years, demonstrating a highly affordable market for potential buyers and residents.

    In terms of supply, the stock on market Percentage sits at a favourable 0.36%, suggesting a lower supply. Having just 0.76 months of inventory signals an absorbent property market that swiftly takes in new listings. However, the low building approvals Ratio for houses at 0.36% points to a decreased supply of new dwelling stock.

    Fluctuating demand is captured by the quick 16 days on market for houses, indicating a high demand, coupled with a very low vacancy rate of 0.8%, further supporting high demand indications. However, the buy search index sits at a neutral 4, indicating average demand levels.

    While some metrics are not in the ideal range, the majority are favourable for Oonoonba 4811, corroborating its appeal to certain property investors and buyers. Monitoring the continuous trends of these values, alongside using automated research tools like HtAG Analytics’ RCS, will aid in making profitable and informed property investment decisions.

    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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