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Kandanga, QLD 4570

Home » QLD Real Estate Data » Gympie Regional, QLD » Kandanga, QLD 4570

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 Kandanga, QLD 4570 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

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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 “Kandanga, QLD 4570”

  1. The total adult population (15 years or older) of Kandanga 4570 QLD is 518, with a median age of 45. Of those, 50.77% are married, 16.41% are divorced or separated, 30.50% are single and 1.93% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $5,424. The median monthly mortgage repayment for households in this suburb is $1,300 which is 23.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Kandanga, postcode 4570, sits gracefully in Queensland (QLD) and is host to a community of around 382 households. Property market statistics for Q3 2023, encapsulate houses in this suburb as selling at an average price of $932,429 and attracting a median rent per week of $439. This amalgamates into an indicative yield of 2.45%, falling slightly short of the attractive 3% benchmark for cashflow-focused investors.

    With an IRSAD socio-economic score of 930 out of 1217, Kandanga demosntrates a robust neighbourhood economy, decent resources access and a respectable income bracket for its residents. Additionally, drawing attention to the housing preference in the area, noteworthy is the absence of a units to houses ratio, as 100% of dwellings in Kandanga are houses, indicating a fervent housing preference over units. Coupled to that, the renter to owner ratio is an impressive 17%, indicative of a strong and steady homeownership, and thereby a favourable condition that falls within the 30% and below sweet spot.

    The affordability index for Kandanga’s homes, however, tends to lean towards the high end, estimated at 67 years. This exceeds the standard affordability benchmark of under 31 years, suggesting a slightly more challenging property ownership journey for the average buyers.

    Depth into the supply metrics as at Q3 2023 shows that Kandanga houses have a stock on market Percentage of 0.26%. This low SoM value indicates favourable conditions, reflecting a tight supply market which can spur competitive buying conditions. An equally low inventory level for houses at 1.33 months, cements these trends, further favouring sellers in the area. In the same vein, the building approvals Ratio stands at 0%, showing no new residential constructions are adding pressure to the existing supply.

    Demand metrics in Kandanga, however, are a mixed bag. The average days on market for Kandanga houses is 258. This tends to indicate relatively lower demand. Conversely, a vacancy rate of 1.52%, hints towards a healthy demand, falling into the favourable territory below 1.5%.

    Completing the overall picture of Kandanga’s property market is the buy search index at a neutral value of 4, suggesting an average interest in purchasing properties within the suburb relative to state or city trends. Digital property market tracking may illuminate further nuances to this and help investors spot promising developments.

    While market metrics provide an useful overview, they are just part of the investment picture. Timely, integrated analyses through tools like the RCS (Relative Composite Score) by HtAG Analytics – which incorporates wider data points – can equip investors with a more holistic understanding of the market and guide strategic decisions. Remember, some metrics might not be as favourable, but they can be counterbalanced by a majority of other favourable metrics. Kandanga 4570, with its diverse landscape of data points, presents a fruitful case for further examination for potential property investors.

    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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