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Castaways Beach, QLD 4567

Home » QLD Real Estate Data » Noosa Shire, QLD » Castaways Beach, QLD 4567

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 Castaways Beach, QLD 4567 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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5BR

Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Castaways Beach, QLD 4567”

  1. The total adult population (15 years or older) of Castaways Beach 4567 QLD is 563, with a median age of 51. Of those, 63.59% are married, 10.12% are divorced or separated, 22.56% are single and 3.37% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,420. The median monthly mortgage repayment for households in this suburb is $2,184 which is 23.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in sunny Queensland, CASTAWAYS BEACH 4567 is a vibrant residential suburb home to approximately 344 households. By Q3 of 2023, the typical house price in this coastal paradise is $2,415,065, while the median weekly rent sits at a substantial $1,052. However, with an indicative yield of 2.27%, the suburb falls under the 3% attractive market requirement, indicating a less satisfactory cash flow return on property investments here.

    The suburb’s IRSAD score is 1101 out of 1217, which suggests a high socio-economic status within the area, reflecting greater access to economic resources, higher income levels, and a population heavily weighted towards skilled professionals.

    A positive note in CASTAWAYS BEACH’s market fundamentals is given by the low renter to owner ratio of 11% – a strong indicator of investment quality, pointing towards a locale with a healthy property owner majority. This low ratio suggests less competition amongst landlords and a solid base of long-term residents, contributing to the neighbourhood’s overall appeal. Plus, a units to houses ratio at a mere 5%, it’s clear that CASTAWAYS BEACH is a neighbourhood that attracts more families and longer tenancy periods with its majority of houses.

    However, the affordability index is a significant consideration, with the estimated duration to fully own a property in this suburb being 100 years. This is well above the standard 30-year mortgage cycle reference, suggesting overall decreased affordability in the area.

    Looking into supply metrics, CASTAWAYS BEACH presents a moderate stock on the market percentage at 0.58%, falling within the neutral range. With an inventory level for houses at 2.4 months, this reveals a low-supply market condition, which may work in favour of sellers. Also, the building approvals Ratio for houses stands at 2.03%. While this number is above the 0.3% benchmark, it indicates an increased supply of new dwelling stock in the market.

    On the demand side, the days on market (DoM) for houses is high at 206 days, suggesting a slower pace of turnover and possibly lower demand. Similarly, the Vacancy Rate, including both houses and units, is high at 7.69%, suggesting a notable amount of vacant properties within the suburb.

    Interestingly, the buy search index for houses is 8, well above the average, indicating high online search interest in this area from potential buyers, potentially driven by the area’s coastal charm and high socio-economic score.

    While CASTAWAYS BEACH 4567 indicates some mixed signals, understanding these trends provides a clearer insight into the property market here. Some metrics are favourable while others are less so. A comprehensive view is essential when considering this suburb as potential investment opportunity, highlighting the relevance of tools like the RCS developed by HtAG Analytics, which considers over 80 metrics for a more precise evaluation.

    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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