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Basin Pocket, QLD 4305

Home » QLD Real Estate Data » Ipswich City, QLD » Basin Pocket, QLD 4305

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 Basin Pocket, QLD 4305 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 

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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 “Basin Pocket, QLD 4305”

  1. The total adult population (15 years or older) of Basin Pocket 4305 QLD is 749, with a median age of 37. Of those, 33.38% are married, 17.89% are divorced or separated, 42.19% are single and 7.34% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,784. The median monthly mortgage repayment for households in this suburb is $1,259 which is 18.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the Sunshine State of Australia, QLD, the suburb of Basin Pocket 4305 is home to approximately 448 households. A deep-dive into the property market data for Q3 of 2023 reveals that typical house prices here are landing around the $419,858 mark along with a median weekly rent of $384. The indicative yield from these properties is quite compelling at around 4.76% – notably higher than the bare minimum 3% that’s attractive to focussed cashflow investors. Considering the IRSAD score, Basin Pocket 4305 holds a moderate 879 out of 1217, indicating decent economic resources, reasonable income levels, and a demographic with decently skilled professionals.

    Transitioning towards ownership ratios, the suburb exhibits a renter-to-owner ratio of 35%, slightly above the ideal range of no more than 30%. However, it’s not excessively high, keeping in mind that values above 45% are seen as problematic investments due to a high proportion of tenants. On the units-to-houses ratio front, this area presents a favourable low figure of just 1%, well below the threshold high of 50% which is considered an oversaturated rental market and a questionable investment.

    Affordability is an important metric for potential investors and homebuyers alike. In Basin Pocket 4305, the ‘Years to Own’ a house metric sits comfortably at 24 years – notably lower than the 31-year high, indicating above average affordability in the area for prospective owners.

    Regarding supply metrics, a stock on market Percentage for homes here is 0.45%, falling in the neutral range between the favourable 0.4% and high supply 1.3% markers. inventory levels work out to 1.14 months, indicating relatively low supply dynamics which would be considered a favourable condition, particularly in light of relatively low levels of new approved constructions (0.0% Building Approval Ratio).

    Examining the demand metrics, the suburb has an average of 59 days on market for houses, residing in the neutral range, neither high nor low. The vacancy rate across both houses and units sits at a favourable low of just 1.26% indicating high demand for housing in the area. Furthermore, the area has a high buy search index of 7 confirming demand among potential buyers searching online for properties in the area surpasses the state and city average.

    While Basin Pocket 4305 presents a mixed bag of metrics, it does lean towards favourable conditions for investors. It’s crucial however to consider these metrics in conjunction with local knowledge and other economic indicators for a well-rounded view of the property market appeal. Remember the RCS (Relative Composite Score) developed by HtAG Analytics for a fully automated research using over 80 metrics to be thorough.

    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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