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Home Hill, QLD 4806

Home » QLD Real Estate Data » Burdekin Shire, QLD » Home Hill, QLD 4806

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 Home Hill, QLD 4806 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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Yield 

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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 “Home Hill, QLD 4806”

  1. The total adult population (15 years or older) of Home Hill 4806 QLD is 2,419, with a median age of 49. Of those, 48.20% are married, 12.94% are divorced or separated, 29.72% are single and 8.97% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,280. The median monthly mortgage repayment for households in this suburb is $1,083 which is 17.25% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Queensland, the suburb of Home Hill 4806 hosts an approximate total of 1,771 households. In the third quarter of 2023, the typical house price in Home Hill stood at a reasonable $214,199 with a median weekly rent of $298, generating an indicative yield of a robust 7.23%. The high yield suggests that rental incomes are large in relation to the property price, a favourable aspect for cashflow-focused investors.

    In terms of socio-economic fundamentals, Home Hill carries an IRSAD score of 899 out of 1,217, indicating fair access to economic resources and adequate socio-economic conditions. The renter to owner ratio is an appealing 24%, well under the cautioned 30%, suggesting a good balance between owner-occupiers and tenants contributing to a community ‘vibe’ desirable for potential investors. Hugely favoured in this suburb is the units to houses ratio standing at just 1%, reflecting a dominance of houses over units, which can potentially result in longer tenancy periods and less competition among landlords.

    The affordability index – or years required to fully own a property – is at 13 years, significantly below the standard 30-year mortgage term. This signifies a high-degree of affordability for homeowners within this market, an attractive aspect for potential buyers and investors alike.

    When examining the supply metrics, Home Hill shows positive signs. The stock on market percentage for houses is a low 0.3%, suggesting a low supply – a favourable condition for sellers and investors. Additionally, the inventory level for houses is a low 1.33 months further emphasizing market absorption of new listings. building approvals ratio for houses is practically nonexistent at 0.0%, indicating limited new stock entering the market.

    However, with an average of 189 days on the market, demand seems to be on the lower side. Coupled with a buy search index for houses standing at 3, this points towards a potential limited demand. The bright side remains with a low combined vacancy rate for houses and units at just 1.2%, reflecting a high demand and low supply – a positive for investors.

    In summary, while Home Hill may carry certain challenges on the demand front, with a strong yield, favourable socio-economic indicators, low supply and high affordability, the majority of measures point it out as a worthy candidate for potential property investment. As with any investment decision, careful consideration of these real estate statistics and market trends, aided with tools like RCS, is highly recommended for making robust and informed 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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