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Grasstree Beach, QLD 4740

Home » QLD Real Estate Data » Mackay Regional, QLD » Grasstree Beach, 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 Grasstree Beach, 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.

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Yield 

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Buy 

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Rent 

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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 “Grasstree Beach, QLD 4740”

  1. The total adult population (15 years or older) of Grasstree Beach 4740 QLD is 618, with a median age of 49. Of those, 51.94% are married, 13.11% are divorced or separated, 30.58% are single and 3.88% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,172. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.89% of their earnings.

    Source: ABS Census Data (2021)

  2. Grasstree Beach, a suburb with the postcode 4740, is pleasantly situated in Queensland, Australia, housing around 521 households. Statistics for the third quarter of 2023 reveal that the typical house price in Grasstree Beach stands at an attractive $484,805, meaning a median weekly rent of $480. Given these figures, property investors can enjoy an impressive indicative yield of 5.16% – a significant attraction for cashflow-focused investors.

    In terms of socio-economic measure, Grasstree Beach holds a reasonable IRSAD score of 969 out of 1217, indicating a fairly high socio-economic status with strong access to economic resources among residents. Additionally, the renter to owner ratio in the suburb is a mere 17%, well below the 30% threshold, meaning that the market is not oversaturated with rental properties. This offers better long-term returns to property investors and reduces the competition risk.

    The housing mix in the suburb leans heavily towards houses with the units to houses ratio standing at only 1%, making for an appealing drawcard to families seeking long-term tenancy. The statistic aligns well with property investment market preferences as a low ratio reduces competition among landlords for tenants, aiding in the maintenance of higher rental yields.

    Investors will also find the affordability index for Grasstree Beach favourable. It requires an estimated 21 years to own a property outright in the area, falling well within the desirable limit of 30 years and indicating a high level of affordability among the local populace.

    In terms of supply, the suburb appears promising. With the stock on market Percentage for houses at 0.19%, the supply landscape is positive – much lower than the 1.3% threshold that indicates high supply. Furthermore, the inventory level for houses remains incredibly low at just 0.75 months, reinforcing the low-supply dynamic. Intriguingly, no new house building approvals have been granted, further limiting the potential for housing supply growth.

    The average number of days houses remain on market before sale is 19, underscoring high demand in Grasstree Beach’s property market. The vacancy rate for both houses and units is just over the lower end of the neutral range at 2.25%, indicating a relatively balanced market. Online buy searches relative to the city or state average sits on the border at 3, suggesting a moderate demand for houses in the suburb.

    In summation, Grasstree Beach 4740 presents as a potentially lucrative opportunity for property-inclined investors, demonstrating an enticing mix of high yields, low supply, fair affordability and a favourable housing market mix. As always, closely monitoring the market trends and real estate data is imperative to making informed, profitable investment decisions. Consider leveraging the Relative Composite Score (RCS) from HtAG Analytics, a metric that automates this research using over 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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