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Elimbah, QLD 4516

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 Elimbah, QLD 4516 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™

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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 “Elimbah, QLD 4516”

  1. The total adult population (15 years or older) of Elimbah 4516 QLD is 3,451, with a median age of 40. Of those, 54.33% are married, 10.95% are divorced or separated, 31.30% are single and 3.77% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $8,740. The median monthly mortgage repayment for households in this suburb is $2,000 which is 22.88% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the sunny state of Queensland, the suburb of ELIMBAH 4516 boasts an estimated 1638 households. As we move into the third quarter of 2023, the property market data reveals trends and figures that every investor should consider.

    In ELIMBAH, the typical price for houses is $746,538. This, coupled with a median weekly rent of $654, has produced an enticing indicative yield of 4.56%, surpassing the minimum market requirement of 3% and presenting worthy cash flow possibilities for savvy property investors.

    Delving into socio-economic factors, ELIMBAH flaunts a promising IRSAD score of 989 out of 1217, indicating a healthy socio-economic status among its inhabitants. Compared to other local property markets, rental properties are not oversaturated in ELIMBAH, with a renter to owner ratio at a mere 9%. This suggests lower long-term risk, reduced competition and potential for higher returns.

    Furthermore, the suburb has a low unit to house ratio at just 1%, indicating less competition among landlords for tenants, and consequently, the potential for a higher rental yield. As units don’t flood this market, you’ll find more houses, which traditionally attract families providing longer tenancy periods and stability for the property owner.

    However, the affordability index registers at 33 years, slightly over the average 30-year mortgage, indicating a slightly less affordable market for local residents.

    Coming to the supply metrics, ELIMBAH’s stock on the market percentage for houses stands at a neutral 1%, suggesting the market isn’t oversaturated with houses waiting to be sold. The inventory level for houses, categorized at 2.24 months, falls into the favourable market conditions range revealing a well-absorbing property market. Furthermore, the building approvals Ratio for houses at 1.94%, indicates an acceptable level of new dwelling stock in the market.

    In terms of the demand metrics, the average number of days houses remain active on the market is 81, leaning slightly towards a lower demand market. However, the combined vacancy rate for units and houses is a favourable 1.96%, showcasing a higher demand.

    To conclude, the buy search index for houses, at a healthy 5, signals that the suburb has attracted average online search attention, aligning with the state/city average.

    In essence, ELIMBAH 4516’s property market reveals a mix of favourable and neutral conditions for investment, with only a few areas to tread cautiously. Property Investors would benefit from considering the RCS (Relative Composite Score) metric, which mixes over 80 metrics to provide a holistic view of this evolving market. Stay vigilant for potential investment opportunities on the horizon.

    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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