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Baringa, QLD 4551

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 Baringa, QLD 4551 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

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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.

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

5 thoughts on “Baringa, QLD 4551”

  1. Baringa, postcode 4551, takes its place within the sizzling property market of Queensland, host to an estimated 2226 households. With the typical price for houses floating around the $718,378 mark as we moved into Q3 of 2023, a decent median weekly rent of $623 saw Baringa churning out an indicative yield of a laudable 4.51%.

    From an economic perspective, Baringa reveals an IRSAD score of 1039 out of a maximum of 1217. This indicates a community equipped with solid access to economic resources and skilled professions. Nonetheless, the renter to owner ratio reposes at a slightly higher 42%, although still within acceptable parameters for savvy investors.

    More significantly, Baringa’s units to houses ratio is a sparse 1%, reflecting a market that is not overcrowded with units and more likely to retain stronger rental yields. Moreover, neighbourhoods dominated by houses commonly attract families seeking longer tenancy periods.

    Unfortunately, the affordability index is somewhat steep at an average 39 years to full ownership, which could turn away budget-strapped buyers. Thankfully, a very low stock on market Percentage of 0.19% and an inventory level of 0.43 months suggest Baringa’s market is rather tight, and high-demand properties are likely to be rapidly swung off the shelves.

    Additionally, the building approvals Ratio is hovering around 3.33%, an indication that new housing supply in the area might be on the uptick. days on market for houses slugs along at 54, which could indicate a slowing demand.

    However, the Vacancy Rate, which includes both houses and units, sits at a comfortable 2.22%, denoting a demand-supply equation of relative stability. Finally, a buy search index of 4 reveals a respectable demand for Baringa properties, holding it up as a promising precinct for discerning property investors.

    Always keep these metrics in balanced perspective; while some metrics might stray into less favourable regions, the market outlay of Baringa, upon the whole, ranks as a robust contender on any property investor’s portfolio. Utilise tools like the RCS created by HtAG Analytics that crunch over 80 metrics to provide an aerial view to aid your 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.

    • Hi Niall,

      Baringa’s Lower RCS Risk score might be in part due to environmental and market risk factors that are incorporated in the calculation of the score.

      Even though it seems like the metrics look alright at first glance, there might be underlying environmental risks such as potential flood or bushfire risks that are considered behind-the-scenes in calculating the RCS Risk Score. It’s important to note that these environmental risks can significantly impact property value and marketability in the future.

      On the other hand, market risks could be a part of the equation as well. This could include local socio-economic indicators, renter to owner ratio, average age of properties etc. that serve as indicators of prevailing local economic conditions and overall market health. A higher percentage of renter-occupied homes can sometimes indicate a transient population, which may affect your rental yield and risk.

      It’s worth noting that despite a lower Risk RCS, Baringa’s high Capital Growth RCS indicates that the area has a promising growth outlook. Nonetheless, an investment strategy should take into account both the potential rewards and the risks involved.

      Ultimately, it is essential to evaluate capital growth scores in conjunction with lower risk scores when considering real estate investments. While a high capital growth score is indicative of a positive growth outlook assuming ideal conditions persist, it doesn’t account for environmental, market, or data-related uncertainties on its own. That’s where the lower risk score comes into play – it helps you understand the inherent risks within a specific market that could potentially impact its performance.

      I hope this helps elaborate on why Baringa might have a lower RCS Risk score. When it comes to property investing, it’s important to consider all angles – the potential for capital growth, rental yield, and also potential risks. While higher risk doesn’t necessarily mean an area cannot be considered for investment, it does emphasise the need for careful research and due diligence. Should you decide to invest in Baringa, it would be advisable to further investigate these environmental and market conditions to fully understand the risk involved.

      Regards,

      Alex

      P.S. You can learn more about the Lower Risk RCS here https://www.htag.com.au/composite-score-real-estate-markets/

      • Thanks Alex, that makes sense.
        I just ran a Develo report on the area and it flagged bushfire risk.
        Not sure how current that is as a lot of the bush that was there before has been cleared for development.

        Would the score for low hold periods (4.15 years) and higher building approvals (3.13%) affect the risk rating, capital growth rating or both?

        • Great to hear you’re diving further into the data.

          Our Lower Risk and Capital Growth Scores are derived from the same pool of 80 metrics. However, the interpretation and allocation of weights to these metrics differ within each score, drawing attention to unique market elements.

          In our risk scores, greater prominence is given to environmental and market risk factors. The aim is to gauge potential vulnerabilities in the market and the environmental context of the area.

          Capital Growth RCS places a higher priority on fundamental factors and the supply and demand dynamics. Track the directional trends and values of these elements is the key objective here, enabling us to highlight potential growth areas.

          As for environmental risk analysis, the methodology is retrospective yet predictive. It extrapolates from historical events and develops general assumptions based on projected climatic patterns for the coming decade.

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