Fraud Blocker

Heritage Park, QLD 4118

Home » QLD Real Estate Data » Logan City, QLD » Heritage Park, QLD 4118

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 Heritage Park, QLD 4118 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

0 thoughts on “Heritage Park, QLD 4118”

  1. The total adult population (15 years or older) of Heritage Park 4118 QLD is 3,887, with a median age of 37. Of those, 50.60% are married, 11.94% are divorced or separated, 34.09% are single and 3.37% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $8,524. The median monthly mortgage repayment for households in this suburb is $1,733 which is 20.33% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Queensland, the suburb of Heritage Park 4118 is home to an estimated 1,766 households. As we move into the third quarter of 2023, the typical price for houses in this suburb sits at $757,306. Coupled with a median weekly rent rate of $472, this produces an indicative yield of slightly over 3.23%, hitting the attractive market requirement for investors centred on cash flow.

    When analysing the socio-economic landscape of Heritage Park 4118, the IRSAD score stands robustly at 969 out of a possible 1,217. This indicates that inhabitants of the area enjoy generous access to economic resources and are likely to boast higher income levels, making this a valuable market for property investors.

    Examining some key property metrics, the renter to owner ratio in the suburb is an appealing 20%. Additionally, the units to houses ratio stands at 0%, indicating a complete dominance of houses over units in the property market. This is advantageous as it generally indicates less competition amongst landlords for tenants, helping maintain stronger rental yields.

    Moving onto housing affordability, the index in Heritage Park 4118 for houses conditions at a challenging 35 years, exceeding the standard 30-year mortgage. It suggests decreased affordability and could lead to longer decision times for potential buyers.

    An overview of supply metrics demonstrates that the stock on market percentage for houses is at an average 0.51%. The inventory level of houses rides low at just 1.23 months, signaling a low supply market. Furthermore, the building approvals ratio, which indicates the new stock coming into the market, sits modestly at 0.57%, suggesting a controlled supply.

    Analyzing the demand metrics, houses in Heritage Park 4118 tend to remain on the market for an average of just 33 days, indicating a high-demand market. This is also backed by an impressively low vacancy rate for both homes and units at 0.28%, which signifies greater chances of properties successively transitioning from owners to renters. Lastly, the buy search index for houses is at 4, indicating a neutral level between demand and supply.

    Overall, while specific metrics such as the affordability index fall within the challenging range, the majority of the investment metrics for Heritage Park 4118 paint an attractive picture for potential property investors. The visualisation of these intricate trends can be seen from the HtAG Analytics’ dashboard. Moreover, the Relative Composite Score (RCS) can help condense over 80 metrics into an accessible format to automate these rigorous research processes.

    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.

Leave a comment