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Whitfield, QLD 4870

Home » QLD Real Estate Data » Cairns Regional, QLD » Whitfield, QLD 4870

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 Whitfield, QLD 4870 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

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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 “Whitfield, QLD 4870”

  1. The total adult population (15 years or older) of Whitfield 4870 QLD is 3,551, with a median age of 45. Of those, 40.86% are married, 14.98% are divorced or separated, 37.14% are single and 6.98% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,948. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.37% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Queensland, the suburb of Whitfield 4870 boasts about 2044 households, reflecting a diverse and vibrant community. The third quarter of 2023 has reflected favourable conditions for property investors with Whitfield’s typical house price at $686,580 and a median rent of $648 per week. This offers an attractive indicative yield of 4.91%, meeting with the expectations of cashflow-centered investors.

    Socioeconomic factors further flatter the appeal of Whitfield, with the suburb enjoying an IRSAD score of 1015 out of 1217. This signifies a high-standard lifestyle, economic resources, and skilled professions present within the area. Significantly, the neighbourhood demonstrates a balanced renter to owner ratio of 30%, implying a sustainable property market. Complementing this is the unit to house ratio at 9%, indicating fewer units and more houses, a desirable condition catering to family-centric investors, and reducing rental competition.

    In terms of affordability, the index stands at 30 years. This could be a point of contemplation for potential investors, as it meets with the typical standards of property ownership, but doesn’t necessarily exhibit high affordability. However, as this is only one metric, it is worth seeing it as part of a wider picture.

    Supply metrics for Whitfield show a promising scenario. stock on market Percentage stands at 0.48%, pointing towards a favourable low supply, affirmed by a brilliant inventory level of just 1.5 months. Adding to the positives is the building approvals Ratio for houses at 1.11%, which is reassuring for investors looking for lesser fresh supply in the market.

    Investigating demand metrics, Whitfield continues to demonstrate promise. A low days on market average of 17 exhibits a high demand scenario. Similarly, an impressively low vacancy rate (combined for houses and units) of 0.65% indicates a strong demand due to limited inventory, potentially driving higher rents. Lastly, the buy search index for houses stands at 5, indicating a steady demand inline with state average.

    With the majority of metrics indicating a favourable market condition, Whitfield 4870 exhibits strong potential for real estate investment in Q3 of 2023. The HtAG Analytics’ Relative Composite Score could add to the efficiency of property investors’ research process by automating the analysis of over 80 similar metrics.

    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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