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Proserpine, QLD 4800

Home » QLD Real Estate Data » Whitsunday Regional, QLD » Proserpine, QLD 4800

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 Proserpine, QLD 4800 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 

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Rent 

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Yield 

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Buy 

1BR

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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 “Proserpine, QLD 4800”

  1. The total adult population (15 years or older) of Proserpine 4800 QLD is 2,911, with a median age of 42. Of those, 38.65% are married, 16.18% are divorced or separated, 36.04% are single and 9.10% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,448. The median monthly mortgage repayment for households in this suburb is $1,300 which is 20.16% of their earnings.

    Source: ABS Census Data (2021)

  2. Within Queensland lies the burgeoning suburb of Proserpine 4800, home to approximately 2065 households. As we entered Q3 2023, the housing market in this up-and-coming area started to showcase its potential. The typical price tag for houses stood at $396,009, while the median weekly rent reached $468. This culminated in an indicative yield of 6.15%, a figure that is well over the desired 3% threshold for property investors who centre their strategy around cashflow.

    When analysing the overall socio-economic health of the suburb, Proserpine 4800 presents a decent IRSAD score of 890 from a maximum of 1217. While there’s potential for improvements, these standings highlight an acceptable socio-economic status within the community.

    Delving deeper into the underlying metrics, we find that the renter to owner ratio is slightly higher than the ideal at 36%. However, the units to houses ratio is well within the promising range at just 8%. This low proportion of units suggests less competition among landlords for tenants, contributing to maintaining a higher indicative yield.

    The affordability index for Proserpine stands favourably at 24 years, an indication that residents find it relatively easy to fully own a property on a typical 30-year mortgage. Another promising statistic is the low stock on market Percentage of 0.11% which implies short supply, along with an also favourable inventory level of 0.36 months. The building approvals Ratio of 0.0% further supports the low supply levels in this property market.

    Average houses in Proserpine 4800 spent just 19 days on the market, indicating high demand. Combined with a low vacancy rate of 0.4% and a buy search index of 3, these figures seem to further denote a balance in supply and demand dynamics.

    Although some metrics are not ideally positioned, the majority of them are suggestive of a favourable market. This thereby provides a potentially attractive investment opportunity for property investors and buyers alike. As always, investors should maintain an active awareness of these market trends and conduct a comprehensive analysis for each prospective property.

    The RCS (Relative Composite Score) metric developed by HtAG Analytics can be a beneficial tool to streamline this research process with the capacity to condense over 80 metrics into a straightforward analysis.

    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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