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Innisfail, QLD 4860

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 Innisfail, QLD 4860 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 “Innisfail, QLD 4860”

  1. The total adult population (15 years or older) of Innisfail 4860 QLD is 921, with a median age of 41. Of those, 33.98% are married, 14.33% are divorced or separated, 41.04% are single and 9.99% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,052. The median monthly mortgage repayment for households in this suburb is $1,083 which is 21.44% of their earnings.

    Source: ABS Census Data (2021)

  2. The picturesque suburb of Innisfail, located within the lush confines of Queensland, is home to approximately 1111 households. As we turn the lens on Q3 of 2023, Innisfail presents intriguing possibilities for property investors. Notably, typical house prices in the area currently sit at an attractive $269,111. Coupled with a median weekly rent of $354, this equates to a significant indicative yield of 6.84%.

    From a socio-economic perspective, Innisfail receives a score of 811 out of a possible 1217. While not at the absolute top of the scale, it does signal a community with a moderate degree of access to both fiscal resources and competent professions.

    A deep dive into the rental pool reveals a renter to owner ratio of 62%, demonstrating a local preference for renting over ownership. However, the low units to houses ratio of just 5% suggests a residential scene dominated by standalone homes rather than unit-style accommodations. This might be an appealing aspect for families seeking long-term tenancies.

    With homeownership a vibrant facet of the Australian dream, Innisfail might tick the affordability box for many. The affordability index for houses sits at a comfortable 21 years, indicative of an attainable property market.

    Scanning the supply metrics, houses in Innisfail show a stock on market Percentage of 0.36% and an inventory level of 2.53 months. These figures suggest an overall healthy market with balanced supply. Reinforcing this view is the building approvals Ratio for houses, which at 0.0%, indicates minimal incoming supply.

    A snapshot of demand depicts a vacancy rate of 0.29% for combined houses and units, indicating a high demand for property in this locality. Supporting this, the average days on market for houses is a mere 21 days, reinforcing the strong local demand. However, the buy search index for houses at 3 points towards neutral demand when compared to state or city averages.

    In summary, while a confluence of favourable fundamental, supply, and demand metrics weave a compelling picture of Innisfail as an investment destination, potential investors should adopt a nuanced approach. It is advisable to consider some unfavourable factors, particularly the high renter to owner ratio and the mediocre Buy Search Index. You could use the RCS metric offered by HtAG analytics to extensively study the suburb employing a host of other metrics. After all, understanding the intricacies of the property market landscape is critical for sound 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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