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Yeppoon, QLD 4703

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 Yeppoon, QLD 4703 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.

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

2 thoughts on “Yeppoon, QLD 4703”

  1. The total adult population (15 years or older) of Yeppoon 4703 QLD is 5,971, with a median age of 47. Of those, 41.37% are married, 16.18% are divorced or separated, 33.78% are single and 8.83% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,724. The median monthly mortgage repayment for households in this suburb is $1,553 which is 23.10% of their earnings.

    Source: ABS Census Data (2021)

  2. Yeppoon, QLD 4703 is an interesting suburb in that it requires additional 5 years in my view to position itself as a good investment area or otherwise.

    If we look at the data for the area, specifically the last 5 years, we might form an impression that the typical value is gaining steam represented as a reasonable steep trend line to the upside.

    When we however expand the timeline to include all of the data available (spanning back to 2007), we see that a rather exorbitant rise in values has started in the 2020-ies when the RBA printer was going brrrrrrr (meaning money was cheap). This is also evident from the fact that in the past decade, the typical values in Yeppoon have only seen a 57.58% increase, which is a perfect indication that property, as it is usually taunted in the media, does not double every 8-10 years, in some instances.

    This is something for concern so let’s drill deeper.

    The typical values of homes expressed in thousands is $625k. This makes it a fairly affordable area for investment. What is interesting is that the median rent ($504PW) is very close to the typical value of homes expressed in thousands ($625 to $504) which at first glance suggests that the area has a good cash flow potential (which is also seen from its RCS score below) which, to me, also signals that the area is potentially heavily dependent on a single industry. Why do I say this? Usually, areas with good fundamentals (many industry councils/suburbs/towns) have a much bigger gap between typical value expressed in thousands and median weekly rent. This is a general rule of thumb that has its exceptions, of course.

    Looking at ABS, my concerns prove to be adequate given that the top industry of employment in Yeppoon is Coal Mining at 7.6% (QLD average is 1.1% while AUD average is 0.4%).

    Personally, I would be cautious about investing in Yeppoon simply because some of the metrics are indicative of an area that has questionable fundamentals.

    This is not to say that this area could show potential in the years to come.

    WHY:

    With a Relative Composite Score (RCS) of:
    1. 27 / 100 for risk;
    2. 84 / 100 for cashflow;
    3. 41 / 100 score for overall.

    Even though its cash flow score is 84, suggesting that the area would be a good addition to a cash flow strategy portfolio (or a heavily geared portfolio seeking some balance), the score of 27 for risk suggests that there is an inherent risk to investing in the area. The overall score although rather balanced at 41 would not be considered a preferable option when superimposed against areas with a much better risk profile and a higher overall score.

    Let’s look at other important metrics to see why the RCS score are not overly favourable:

    Fundamentals

    ISRAD score: 3 — the ISRAD metric highlights the socio-economic standards of the area in question. For Yeppoon, QLD 4567, the score is 3 out of 10 which is considered as relatively balanced towards the downside. This is not something of concern if other metrics are favourable. For example, if there has been a consistent growth in the value of homes and rents across a large enough time frame for a particular area, this would suggest that although the area is not affluent, there is enough money in the area to make it a suitable investment locality. So, in essence, I always look at ISRAD in conjunction with typical value and median rent changes.

    Investment is about balancing a multitude of different metrics to predict the future so a single variable is usually not the Holy Grail.

    Caveat to previous comments: Using a single variable such as price can be very effective in decision making when there is a large enough data set—when the price data points span back 20-50 years and the entire data set can be considered as one of Bog Data. ISRAD is not a data point like price and as such cannot be used as effectively in terms of eliciting trend.

    R|O Ratio: 33% — this relatively balanced score in the renter to owner occupier is suggestible of restricted supply of properties for sale. How did I come to that conclusion? Well, if majority of the homes in the area are owner occupier homes, this means that hold periods of a particular area, if high, play a substantial role in decreasing the supply of properties on the market. Rented properties are investment properties and they tend, emphasis on tend, to have shorter hold periods.

    Side note about hold periods: In simple terms, data indicates that people who own their homes are more likely to either sell them after a short period or keep them for a long time. On the other hand, investors are more likely to sell them after a few years.

    U|H Ratio: 23% — In addition to above, this figure is also relatively balanced, suggesting that area supports larger family compositions which tends to add to the stability of the area.

    The flow on effect is usually exemplified as such:

    Higher proportion of units = higher proportion of renters which = surplus in the supply of properties which = subdued price and rental growth.

    Supply Metrics

    SoM%: 0.91% (28 listings) — this is a relatively balanced number. Although positive at first sight, there are a couple of concerns with the SoM% for Yeppoon:

    There has been a substantial increase to the SoM% figures in the last 3-4 months. For example, Marcj has seen an SoM figure of 10 listings while April has nearly tripled with 28 listings;

    The trend line for the SoM% has been increasing rather sharply since 2020 indicating an influx in the supply of properties. If supply is increasing and demand remains the same, this usually results in negative growth in home values. We need to look at other metrics to see how negative this trend line could be for price growth.

    Inventory: 2.14 — akin to SoM%, this figure is rather balanced although the trend line is rising. This could be tipping the supply side into oversupply territory which is never good for price growth.

    Hold Periods: 10.81 years — As mentioned previously, the renter to owner ration was providing some information as to the hold periods, which are proving to be quite lengthy. This is a good sign for the future potential of the market given that people are holding longer onto their property which is not exerting increased pressure on the supply of properties. This also highlights another dimension—that people like to live in Yeppoon as otherwise hold periods would not be as substantial as they are. This is just another example that the IRSAD score should be taken with a grain of salt.

    Building Approvals Ratio: 2.27% — this figure is unfavourable which indicates that there has been a lot of new residential development in the area which has had an effect on the SoM% and Inventory metric highlighted previously. If I was a developer, I would stay away from this area until the excess supply is absorbed.

    Demand Metrics

    DoM: 46 — this number is relatively balanced edging towards opportune. What is even more interesting is that the trend line of DoM has been decreasing since 2020. What makes it interesting is that even in the oversupplied environment, there has been an increase in demand which is why developers have been attracted to the area. This tells me that the area is seen as favourable by both owner occupiers and investors but that there has been a little bit of on overshoot with regards to building approvals and supply which would need to be returned to balance before the area sees sustained growth. This is in line with my initial comment which suggested that we should wait another 5 years before we consider this area as a 5 star investment locality.

    Vacancy Rate: 1.09% (5 vacancies). This represents a balanced figure and as mentioned previously, we can see a sharp increase in the vacancy rate trend line since 2020. I would say this is because of oversupply. What is interesting however is not that the trend line is sharply rising but that even at a shar rise the current vacancy rate is really close to 1% which would be considered as opportunistic.

    Overall, the area has a stronger supply than demand, but both are solid and fighting it out. Yeppoon is an interesting area and I would shortlist it for tracking for the next couple of years to see which part of the scale will tip—the supply or the demand side. I hope that the council is sensible and does not allow for additional building approvals until excess stock is absorbed. This would also give it time for the GRC line to form some cyclicality as its exorbitant growth since 2019, and virtually no growth before, is a concerning aspect.

    I think this could be a new gem, but the area still has some time to prove itself.

    For a cheat sheet which highlights what are unfavourable, balanced and opportunistic statistics, refer to our Data Dictionary.

    If you want something similar with better metrics, have a look at Mount Gambier, SA which I did an overview for recently.

  3. Situated in QLD, the suburb of Yeppoon 4703 is home to an estimated 4198 households. As we moved into Q3 of 2023, property market statistics in Yeppoon provided a captivating overview for prospective buyers and investors.

    House prices were reported at a typical cost of $621,211, with the median weekly rent standing at $510. This culminates in an attractive indicative yield of approximately 4.27%, exceeding the 3% market requirement and suggesting a favourable cashflow for property investors.

    The socio-economic landscape of Yeppoon 4703 is defined by an IRSAD score of 928 out of a possible 1217. This score presents itself as favourable, capturing satisfactory access to economic resources and high-income levels within the suburb’s population.

    Yeppoon’s market dynamics are shaped by a renter to owner ratio of 33%, placing it in a modest range. Likewise, the units to houses ratio stands at 24%, a favourable figure beneficial to landlords due to less competition for tenants, contributing to the potential for higher rental yields.

    However, the affordability index shows a slightly disadvantageous figure of 36 years – slightly beyond the standard 30-year mortgage timeframe, hinting at lowered affordability in the area.

    An examination of Yeppoon’s supply metrics reveals a stock on market percentage of 0.33% for houses, indicating a low supply that tends to favour sellers. The inventory level for houses has hit 0.77 months, introducing an extremely low supply market. In addition, the building approvals ratio for houses is measured at a neutral 1.3%.

    In terms of market demand, Yeppoon 4703 reports average days on market for houses as 50, suggesting a neutral demand. The vacancy rate of 0.87%, combining both houses and units, indicates a high demand. However, a buy search index of 4 leans towards a neutral demand within this property market.

    While several metrics appear in the neutral range, the aggregated view of Yeppoon 4703’s property market remains favourable. It’s crucially important to monitor these metrics and the potential shifts in market trends. Consider utilising tools like the RCS developed by HtAG Analytics to automate property market research, increasing the potential for successful real estate investments.

    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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