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Centenary Heights, QLD 4350

Home » QLD Real Estate Data » Toowoomba Regional, QLD » Centenary Heights, QLD 4350

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 Centenary Heights, QLD 4350 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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Rent 

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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 “Centenary Heights, QLD 4350”

  1. The total adult population (15 years or older) of Centenary Heights 4350 QLD is 5,037, with a median age of 37. Of those, 43.76% are married, 14.12% are divorced or separated, 36.65% are single and 5.58% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,044. The median monthly mortgage repayment for households in this suburb is $1,408 which is 19.99% of their earnings.

    Source: ABS Census Data (2021)

  2. Diving into the heart of Queensland, we’re taking an insightful look at the residential property market in the suburb of Centenary Heights, postcode 4350, home to an estimated 2,993 households.

    As we journey through Q3 2023, typical house prices in Centenary Heights are hovering around the $584,357 mark. Coupled with a median weekly rent of $477, landlords are looking at a promising indicative yield of 4.24%, comfortably above the 3% mark sought out by cashflow-centric investors.

    The suburb flaunts a socio-economic score (IRSAD) of 963 out of a possible 1,217, painting a picture of a community with respectable access to economic resources, likely made up of skilled professionals and an above-average income bracket.

    In terms of residential property makeup, the renter to owner ratio stands at 37%, a slightly higher than preferable value which leans towards a more significant proportion of renters. Dominated mainly by houses, the units to houses ratio is an investor-appealing 15%. Such a low ratio implies less competition among landlords, potential for higher rental yields, and longer tenancy periods.

    However, it’s important not to overlook the affordability index which currently stands at 32 years for houses in Centenary Heights. This surpasses the typical 30-year mortgage period, indicating a somewhat lower level of affordability for potential homeowners.

    Investors should note that the stock on market Percentage counts at a mere 0.43%. This low figure signals limited supply, thus presenting an excellent opportunity for sellers due to the potential of market-driven price growth. Backing this hint at a tight supply, the inventory level is just below one month, while the building approvals Ratio is a mere 0.09%.

    In terms of demand, homes don’t often sit idle, with the average days on market landing at 48. Although this figure somewhat exceeds the 35-day high demand range, it is still comfortably within the neutral range. The vacancy rate (combined houses and units) is at a favourable 1.61%, affirming the solid demand for tenancy.

    However, the buy search index sits at 3. While this may hint at limited demand, investors should keep an eye on external factors and market trends, which could see this figure jump in the future.

    In essence, while Centenary Heights exhibits a mixed bag of market data, the overarching theme suggests positive investment merits, backed by a robust indicative yield and limited supply. As always, keen monitoring of the evolving market data is key to navigating the currents of real estate investment.

    Remember though, it’s entirely normal for some metrics to sit outside of their ideal ranges. Studying and understanding the overall picture rather than individual figures is crucial. Tools such as the Relative Composite Score (RCS) metric developed by HtAG Analytics can simplify this process by using over 80 metrics to provide you with an automated research outcome.

    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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