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Bakers Creek, QLD 4740

Home » QLD Real Estate Data » Mackay Regional, QLD » Bakers Creek, QLD 4740

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 Bakers Creek, QLD 4740 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

2BR

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Rent 

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Yield 

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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 “Bakers Creek, QLD 4740”

  1. The total adult population (15 years or older) of Bakers Creek 4740 QLD is 1,256, with a median age of 35. Of those, 43.63% are married, 13.38% are divorced or separated, 39.09% are single and 3.98% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,640. The median monthly mortgage repayment for households in this suburb is $1,820 which is 18.88% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Bakers Creek, situated in Queensland, hosts an estimated 744 households. As of Q3 2023, the typical price for houses in this suburb is gauged at $483,738. With a median weekly rent quoted at $569, the property market in Bakers Creek exudes an impressive indicative yield of 6.12%, well above the minimum attractive market requirement of 3%.

    Representative of relatively high access to economic resources and a presence of skilled professions, the area generates an IRSAD score of 958 out of 1217. Skewing towards a more balanced ownership distribution, the renter to owner ratio is an agreeable 24%, indicating potential for stable returns for property investors and a vibrant neighbourhood vibe.

    Contributing to its attractive investment profile, Bakers Creek reveals no units crowding the housing market, demonstrated by a units to houses ratio of 0%. This advantageous situation allows for less competition among landlords and commonly results in higher rental yields.

    Affordability in the area is quite favourable, with the houses affordability index standing at a manageable 20 years, which is lower than the standard 30-year mortgage period for full property ownership.

    The stock on market percentage for houses is a favourable below-average 0.14%, signifying a low supply. Dovetailing this, the dedicated inventory level for houses yields a favourable market absorption capacity, sitting at 0.44 months.

    The suburb exhibits a favourable building approvals ratio of 1.4%, indicating an under control expansion rate which further cements its low supply status. However, the turnaround time in the market seems quite extended with days on market for houses calculated at 223, hinting at lower demand dynamics.

    The combined vacancy rate for houses and units is a comfortable 1.65%, suggesting a balanced market operation. The buy search index for houses is noted at 3, signifying a level of demand.

    To summarise, Bakers Creek presents a promising property market profile, marked by its high indicative yield, favourable renter to owner ratio, and impressive affordability. However, the extended ‘days on market’ could warrant further ease of analysis to explore detailed demand patterns. Remember, understanding the importance of these metrics and more, while keeping an eye on their combined impact and trends, is essential for making optimal investment decisions. It should be also noted that the HtAG’s RCS metric is a key tool that efficiently automates this research across 80+ 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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