Fraud Blocker

Erakala, 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 Erakala, 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 

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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Erakala, QLD 4740”

  1. The total adult population (15 years or older) of Erakala 4740 QLD is 588, with a median age of 39. Of those, 59.69% are married, 8.16% are divorced or separated, 29.93% are single and 2.72% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $12,468. The median monthly mortgage repayment for households in this suburb is $2,257 which is 18.10% of their earnings.

    Source: ABS Census Data (2021)

  2. The tantalising suburb of Erakala, 4740, rests within the state of Queensland and is home to an estimated 285 households. As we look at the compiled data from Q3 of 2023, the property market in Erakala reveals an impressive typical price for houses skirting $1038177, contrasted with a median weekly rent of $650. These figures inextricably combine to produce an indicative yield of 3.26%, a promising canvas for cashflow-minded property investors.

    Diving further into the socio-economic fabric of Erakala, an IRSAD score of 1070 out of 1217 mirrors the prosperity within the suburb, insinuating a high level of economic resources and suggesting a comparatively affluent local population. Fuelling investor intrigue, the low renter to owner ratio of 9% is a firm nod towards a market that is not over-saturated with rental properties. This not only fortifies the potential for robust returns but also lessens the potential threats associated with high competition.

    In an almost ideal setup for landlords to capture a healthy slice of higher rental yields, the ratio of units to houses in Erakala is 0%. This undoubtedly points towards less competition and is beneficial in creating longer tenancy periods, drawing in families who typically occupy properties for an extended duration.

    However, investors need to bear in mind that, based on the ‘Years to Own’ measure, Erakala sways towards decreased affordability. An average of 33 years is predicted before a property can be outrightly owned calling for considerations of the long-term factors of cost and potential profits in this area.

    As we move towards the supply metrics, the stock on market percentage presents at an encouraging 0.35%, placing it in the preferred spectrum of the property market balance. This low supply complements the inventory level for houses, showing a respectable 1.71 months. The building approvals for houses come in at a manageable 1.4%, which should not result in an oversupply in the property market.

    Houses in Erakala were swift in finding buyers in Q3 of 2023, with a low ‘Days on Market’ value of 10 days, indicating a high demand. The buy search index for houses, however, was rather subdued at 3, creating a balanced buyer market.

    It’s prudent to point out that the vacancy rate in Erakala, combining both houses and units, is relatively high at 7.69%, somewhat shading the buoyant indicators we have seen. This could exert some pressure downwards on rents and diminish rental yields in the short to medium term.

    In all its metallic luster, Erakala does have a mix of both favourable and non-favourable investment conditions. However, the favourable majority, coupled with insight and astute judgement, could indeed fortify sustainable property investments. It could serve as fertile ground for potential real estate capital gains whilst maintaining a positive cash flow. As always, it’s important to keep a vigilant eye on the market tendencies to ensure beneficial property 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.

Leave a comment