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Allenstown, QLD 4700

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 Allenstown, QLD 4700 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

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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 “Allenstown, QLD 4700”

  1. The total adult population (15 years or older) of Allenstown 4700 QLD is 2,272, with a median age of 37. Of those, 31.87% are married, 16.20% are divorced or separated, 46.61% are single and 5.11% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,012. The median monthly mortgage repayment for households in this suburb is $1,230 which is 17.54% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the boundaries of Queensland, the vibrant suburb of Allenstown boasts an estimated 1,788 households and provides an intriguing environment for prospective property investors.

    As we delve into the statistics for Q3 2023, it’s evident that Allenstown’s real estate market offers substantial value. Here, typical house prices average $361,841, while the median weekly rent stands at $337. When combined, these two factors present an inviting indicative yield of 4.84%, which surpasses the minimum attractiveness of 3% for cashflow-centric property investors.

    Interestingly, Allenstown’s socio-economic score, as measured by the IRSAD, achieves a commendable 907 out of 1217. This high score signifies an impressive socio-economic status amongst the local population, which is key in attracting potential tenants or buyers.

    Nonetheless, the renter to owner ratio is marginally high at 48%, a tad above the optimal benchmark of 45%. This may contribute to higher competition amongst property investors. However, a low units to houses ratio (13%) balances this out by limiting oversaturation of rental properties, hence maintaining higher rental yields.

    As for accessibility, the affordability index for houses sits at a favourable 20 years, indicating that the local inhabitants enjoy a high level of affordability when it comes to property ownership.

    Analysing Allenstown’s supply metrics reveals a favourable scenario. With a low stock on market Percentage (0.26%) and minimal inventory levels (0.5 months), property in Allenstown is in modest supply, which is generally beneficial for property sellers. The building approvals ratio for houses is also low at 0.13%, pointing to a constrained addition of new dwelling stock to the market.

    On the demand side, the days on market for houses is high at 79, indicating a somewhat slower-paced demand. Vacancy rates, however, remain relatively low at 1.05% for both houses and units, promoting a favourable investing environment by signalling a high demand with little supply. The buy search index for houses treads on the state’s average, at 5, indicating moderate but consistent demand.

    It is worth noting that these metrics are part of a larger and continuously changing landscape. Keen investors should always remain abreast of changes in property data in the best investment suburbs.

    Overall, despite some metrics deviating from the preferred ranges, the combined analysis, as demonstrated by HtAG Analytics RCS metric, suggests that Allenstown holds a robust potential for investors, particularly those focused on rental yields. However, a cautious approach and constant market monitoring are recommended to maximise investment prospects.

    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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