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Burrum Heads, QLD 4659

Home » QLD Real Estate Data » Fraser Coast Regional, QLD » Burrum Heads, QLD 4659

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 Burrum Heads, QLD 4659 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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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 “Burrum Heads, QLD 4659”

  1. The total adult population (15 years or older) of Burrum Heads 4659 QLD is 2,347, with a median age of 64. Of those, 62.46% are married, 16.11% are divorced or separated, 14.53% are single and 6.69% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $3,960. The median monthly mortgage repayment for households in this suburb is $1,348 which is 34.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of Burrum Heads 4659 is a residential community consisting of around 1670 households. As of Q3 2023, the prevalent house prices in the area stand at approximately $768,093 AUD, demonstrating a robust local property market. These homes typically fetch a median weekly rent of $533 AUD, yielding a substantial indicative return rate of 3.61%.

    The socio-economic landscape of Burrum Heads is stable, as reflected by its IRSAD score— a strong 884 out of a possible 1217. This score signifies that residents of the area generally have good access to economic resources, enjoy fairly high income levels, and are predominantly engaged in skilled occupations.

    When we delve into the ownership credentials of the homes in Burrum Heads, an intriguing 15% renter to owner ratio emerges. This indicates a lower market saturation of rental properties, which in turn, delivers less competition among property investors and higher potential for long-term returns.

    In terms of market supply, Burrum Heads showcases a marginal units to house ratio of 2%, signaling a significant predominance of houses over units in the market. A lower unit ratio often translates into less competition among landlords for tenants, helping to uphold higher rental yields. Furthermore, suburbs with more houses than units typically attract families, suggesting stable, longer-term tenancies.

    However, affordability remains a challenge for the Burrum Heads market. A hefty affordability index of 76 years suggests that potential buyers would take an estimated 76 years to wholly own a property, based on the current median income, interest rates, and property prices. This high figure is an indicator of decreased affordability in the area.

    The suburb maintains a balanced property stock on market percentage of 0.66%, and an inventory level for houses at 2.26 months. Both metrics fall within the neutral range, revealing a stable equilibrium between property supply and demand. Further attesting to the limited supply, the building approvals ratio for houses is 0.0%, indicating stagnant growth in new dwelling stock.

    However, it’s important to note the slightly extended days on market (DoM) for houses, which rests at 104 days. This indicates a slower market turnover rate or less demand compared to other suburbs with lower DoMs. That being said, the combined vacancy rate for houses and units is a fair 2.47%, contributing to a balanced demand in the rental market.

    Lastly, the buy search index for houses in Burrum Heads is at 5, matching the state/city average for online property searches, which demonstrates decent demand in the housing market.

    In conclusion, Burrum Heads presents a mix of both favourable and challenging elements for property investors. It’s crucial to thoroughly analyse this data to inform investment decisions, and to consider the patterns and trends over time. Keep in mind, it’s entirely acceptable for some metrics to exist in unfavourable ranges as long as the majority of other metrics are favourable.

    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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