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Greenbank, QLD 4124

Home » QLD Real Estate Data » Logan City, QLD » Greenbank, QLD 4124

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 Greenbank, QLD 4124 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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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 “Greenbank, QLD 4124”

  1. The total adult population (15 years or older) of Greenbank 4124 QLD is 7,562, with a median age of 37. Of those, 52.33% are married, 10.84% are divorced or separated, 33.44% are single and 3.35% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $9,040. The median monthly mortgage repayment for households in this suburb is $2,015 which is 22.29% of their earnings.

    Source: ABS Census Data (2021)

  2. Centred in the vibrant state of Queensland, Greenbank 4124 is a promising suburb with an estimated 4731 households. As we accelerate through 2023, Q3 data reveals that the typical house price in this borough has been gauged at $896275. In terms of rent, you’re looking at a median of $568 per week, which coalesces into an indicative yield of approximately 3.3%. This yield meets the minimum attractive market requirement of 3% for cashflow-centered property investors, indicating Greenbank could be a potentially appealing area to invest.

    Diving into the socio-economic milieu of Greenbank, the suburb scores 1008 out of 1217 on the IRSAD. This score suggests that the area enjoys a good socio-economic status denoting the possibility of high income levels and ownership of economic resources in the area. Taking a glance over the renter to owner ratio, it is relatively low at 15%, which should be a sigh of relief for investors eying long term returns. This is below the volatility risk threshold of 30% by a good margin. With a units to houses ratio of zero percent, the focus falls more onto family housing rather than rentals, which favours less competition and could assist in maintaining a higher rental yield.

    Now, the housing affordability index is crucial, as it provides an view of how manageable it is for local residents to own a property. Greenbank scores 39 years on this scale, which exceeds the threshold of 31 years. This suggests that owning a home here may command a steeper financial commitment compared to other regions.

    When it comes to supply metrics, the stock on market percentage for houses hits the mark at 3.02%. Coupled with an inventory level of 10.78 months, the supply of homes does look high indicating a buyer’s market. The building approvals ratio is also quite significant at 10.51%, pointing towards a growth in availability of housing stock.

    The demand side paints an intriguing picture as well. With average days on the market for houses standing at 89, it indicates a stable demand. The vacancy rate, inclusive of houses and units, is slightly elevated at 4.07% suggesting a bit of softness in the rental demand. However, the buy search index strikes the state or city average of 5, suggesting a normal level of buyer interest in the area.

    Importantly, while these metrics give an in-depth analysis of Greenbank’s property market, it’s necessary to note the trends as well as the possibility of having some metrics in unfavourable ranges if majority of other metrics are favourable. Also, the RCS (Relative Composite Score) by HtAG Analytics can simplify this analysis by using over 80 metrics. The key is to always be informed and vigilant about the market developments for making beneficial investment decisions.

    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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