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Pittsworth, QLD 4356

Home » QLD Real Estate Data » Toowoomba Regional, QLD » Pittsworth, QLD 4356

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 Pittsworth, QLD 4356 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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Buy 

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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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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 “Pittsworth, QLD 4356”

  1. The total adult population (15 years or older) of Pittsworth 4356 QLD is 2,616, with a median age of 43. Of those, 50.19% are married, 12.35% are divorced or separated, 28.13% are single and 9.48% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,644. The median monthly mortgage repayment for households in this suburb is $1,300 which is 19.57% of their earnings.

    Source: ABS Census Data (2021)

  2. Set in the heart of Queensland, PITTSWORTH 4356 encompasses an estimated 1684 households. As of Q3 2023, property buyers can expect typical house prices to be around $448,099, while renters are looking at a median weekly rent of $340. These prices translate into an attractive indicative yield of 3.95%, meeting the minimum market requirement for investment allure, particularly for those centred on cashflow.

    On a socio-economic level, the area carries an IRSAD score of 919 out of 1217. This above-average score suggests a relatively advantageous socio-economic status within the area, contributing a positive influence on the market.

    The renter to owner ratio sits comfortably at 28%, making this area a rather balanced market in terms of property occupancy. This presents a viable environment for both property investors and homeowners alike, reducing the risk and competition usually found in markets oversaturated with rentals.

    Another key figure is the unit to house ratio, which stands at an impressively low 3%. This suggests there’s less competition among landlords for tenants, which in turn helps maintain higher rental yields. The lower ratio also indicates better appeal to families, who tend to prefer houses to units and offer longer tenancy periods.

    The affordability index for houses in PITTSWORTH 4356 stands at 26 years, unsurprisingly below the standard 30-year mortgage term, marking the suburb as highly affordable for local residents and attractive for potential buyers.

    Moving to supply metrics, the stock on market Percentage for houses is a favourably low 0.18%. Moreover, the inventory level for houses is a mere 0.61 months, once again pointing to a market favourable for sellers due to its undersupply.

    Incredibly, the building approvals Ratio for houses is 0.0%, indicating a standstill on further supply of new dwelling stock, which could be favourable for current property owners in terms of home value appreciation.

    Despite houses spending an average of 79 days on the market, a lengthier duration indicating moderate demand, the vacancy rate across both houses and units is superbly low at 0.21%, suggesting high demand and a rental market favourable for landlords. Yet, a Buy and Search Index of 3 indicate a neutral demand from buyers.

    In summary, PITTSWORTH 4356 embodies an attractive investment prospect with a favourable supply-demand balance, solid yields, good affordability, and a positive socio-economic score. Potential investors should carefully consider these statistics, understanding that while some metrics lean towards the favourable side, others are more neutral. Keep in mind, this research is automated by HtAG Analytics using RCS, making investment decisions even more straightforward.

    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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