Suburb Profile Report for Collinsville QLD (4804)

Collinsville House: Median price $71,000, Annual capital growth -8.17%, Number of sales 17, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Apr 2020 as supplied by CoreLogic. Data is reported to the period ending Jan 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 106th in the list of Australian suburbs ordered by increase in median house value over the last year, Collinsville, 4804 is in the top 10% with a property value increase of 26.67% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Collinsville,4804 has racked up an average of 26.67% over the period. This ranks it number 44th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Collinsville should be aiming for at least -19.74% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $267.5 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
March 2016

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Conditions in the Central Queensland town of Collinsville are a prime example of the troubles mining towns across Australia are now facing.

In this suburb, around 160km inland from Airlie Beach, nearly a quarter of the dwellings remain empty, according to the latest figures from Real Estate Investar.

The current vacancy rate sits at 22.36%, having increased from 18.85% over the past 12 months.

Recent population fluctuations have likely played a part in the increasing vacancy rate: census figures from 2006 put Collinsville’s population at 2,063, compared to 1,501 in the 2011 census.

The worsening rental market in Collinsville has also had an impact on prices in the township, with the median house price sitting at $112,500, having fallen by 39% in the last five years.

While the future may not look good for Collinsville, landlords who currently have tenants are doing all right, with average yields sitting at 10%.
Metrics i HOUSE UNIT
$71,000 N/A
0.00% N/A
-11.25% N/A
-8.17% N/A
$280 N/A
17 N/A
20.51% N/A
98.3 N/A

Source: Monthly data update for Apr 2020 as supplied by CoreLogic. Data is reported to the period ending Jan 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 1501
Median household income ($/weekly) 1370
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 182 12.1
    25-34 years 188 12.5
    35-44 years 191 12.7
    45-54 years 230 15.3
    55-64 years 194 12.9
    Others 515 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 428 45.3
    Not Married 373 39.5
    Defacto Relationship 143 15.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1153 91.7
    Papua New Guinea 24 1.9
    Philippines 26 2.1
    United Kingdom 18 1.4
    Other 16 1.3
    Others 20 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 842 69.2
    No Religion 374 30.8
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 57 12.0
    $400-$599 46 9.7
    $1,500-$1,999 59 12.4
    $2,000-$2,499 39 8.2
    $2,500-$2,999 70 14.7
    Others 205 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 431 41.4
    Not in the labour force 362 34.7
    Employed, worked part-time 159 15.3
    Employed, away from work 57 5.5
    Unemployed, looking for work 33 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 53 8.2
    Technicians & trades workers 122 18.9
    Community & personal service workers 52 8.0
    Machinery operators & drivers 187 28.9
    Labourers 80 12.4
    Others 153 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 16 7.1
    Infants/Primary 101 44.9
    Secondary 67 29.8
    Technical or Further Educational Institution 27 12.0
    Other type of educational institution 10 4.4
    Others 4 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 710 59.6
    Semi-detached, row or terrace house, townhouse 429 36.0
    Flat, unit or apartment 39 3.3
    Caravan, cabin, houseboat 9 0.8
    House or flat attached to a shop, office 5 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 214 41.2
    Rented 176 33.8
    Being purchased 130 25.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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