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Petrie, QLD 4502

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 Petrie, QLD 4502 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 “Petrie, QLD 4502”

  1. The total adult population (15 years or older) of Petrie 4502 QLD is 7,013, with a median age of 38. Of those, 47.31% are married, 13.03% are divorced or separated, 36.46% are single and 3.18% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,344. The median monthly mortgage repayment for households in this suburb is $1,725 which is 20.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the state of Queensland lies the suburb of Petrie, postcode 4502. With an estimated 3,718 households, Petrie offers a blend of valuable metrics for potential property investors or buyers.

    As of Q3 2023, typical prices for houses in Petrie stand at a substantial $764,130 with a weekly median rental price of $527. These values offer a favourable cashflow consideration, producing an indicative yield of 3.59%, slightly above the desired market minimum of 3%.

    The socio-economic condition of Petrie is moderately high with an IRSAD score of 978 out of a total of 1217, suggesting relatively good access to economic resources. The renter to owner ratio is balanced at 30%, negating some region-specific investment risks that come with an oversupply of rental properties.

    Interestingly, Petrie boasts of an incredibly low units to houses ratio of 1%, making it an ideal market for investors seeking lesser competition from landlords and more stable tenants, typically families who desire to live in houses over units.

    Investors, however, should note the affordability index in Petrie. At 36 years, this exceeds the standard 30-year mortgage term, indicating decreased property affordability in the area. That being said, the stock on market percentage for houses is favourable at 0.28%, suggesting a low supply in the market.

    This is corroborated by an inventory level sitting at 2.92 months, giving additional evidence of a market that is more balanced towards the upper favourable range of supply. As for new constructs, the building approvals ratio is only 0.13%, indicating low supply of new dwelling stock in the market, favourable for maintaining property values.

    The average days on market for houses is clocked at 67, putting Petrie in a neutral demand market. Further, the vacancy rate, a combined measure for houses and units, is comfortably within the neutral range at 1.54%, indicating a balanced situation of tenancy availability and occupancy.

    Lastly, the buy search index for houses in Petrie returns a value of 4, placing it within the neutral range of the demand index.

    On the whole, while Petrie presents some challenges in terms of affordability, the market is inherently strong with favourable supply-demand metrics. However, as always it’s prudent to examine local trends and keep a close eye on the Relative Composite Score from HtAG Analytics which comprehensively factors in over 80 metrics for a nuanced overview.

    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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