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Elliott Heads, QLD 4670

Home » QLD Real Estate Data » Bundaberg Regional, QLD » Elliott Heads, QLD 4670

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 Elliott Heads, QLD 4670 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 “Elliott Heads, QLD 4670”

  1. The total adult population (15 years or older) of Elliott Heads 4670 QLD is 977, with a median age of 54. Of those, 54.45% are married, 15.97% are divorced or separated, 24.77% are single and 5.22% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,284. The median monthly mortgage repayment for households in this suburb is $1,300 which is 24.60% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the sun-soaked region of Queensland, the suburb of Elliott Heads boasts approximately 815 households. As the third quarter of 2023 unfolds, the typical house price in this coastal community is pegged at around $704,408 AUD. With a median weekly rent calculated at about $481, prospective investors are looking at an appealing indicative yield of 3.55%.

    Diving deeper into the suburb’s socio-economic profile, Elliott Heads holds an IRSAD score of 893 out of a possible 1217, signalling a reasonable access to economic resources, coupled with moderate income levels. The renter to owner ratio sits comfortably at 25%, below the potentially problematic threshold and is suggestive of a stable resident base with a bias towards homeownership.

    Adding to its charm, Elliott Heads maintains a units to houses ratio of 0%, reinforcing the traditional family-focused demographic, and potentially meaning longer tenancy durations and fewer rental supply pressures for investors.

    However, on the downside, the affordability index is tilted at 52 years, indicating that full property ownership could be a stretch for many, due to variables such as high property prices, the prevailing interest rates, and the median family income. This kind of insight, though seeming unfavourable, can be exceedingly advantageous for investors yielding good rental returns over the long-term.

    The suburb’s supply metrics portray a balanced picture. The stock on market percentage currently stands at 0.49%, falling within the neutral range and hinting at an even playing field for both buyers and sellers. The inventory level is a promising 1.92 months, indicating a quick turnover period for property sales. Ample building approvals, however, with a ratio of 2.33%, may increase supply in the near future.

    As for demand metrics, properties in Elliott Heads spend an average of 28 days on the market, which is favourable for sellers, suggesting strong demand. A median vacancy rate of 3.0% signifies a moderate level of demand for both houses and units. Lastly, with a buy search index for houses standing at 5, it can be seen that interests in buying properties within this locality is average.

    Elliott Heads, therefore, appears as an appealing investment proposition with a combination of positive indicators. As always, it is imperative to keep a keen eye on changing market trends for successful real estate investments.

    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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