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Investment Property Eight Mile Plains, QLD, 4113

Suburb Snapshot

Eight Mile Plains is a suburb in the Brisbane Region of Queensland. Eight Mile Plains has a population of 15,321 people and 31.75% of its occupants live in rental accommodation. The median listing price for houses is $1,312,500 and this has changed 9.37% over the past year and changed 31.25% over 2 years.

The median rent in Eight Mile Plains for houses is $700 per week and the median rental yield is 2.77%. Stock on the market for houses/townhouses has changed -24.39% compared to last year and the average time to sell a house/townhouse is 98 days.The median listing price for units is $629,000 and this has changed 14.78% over the past year. The average unit takes 44 days to sell and the median rent for a unit in Eight Mile Plains is $650 per week, producing a rental yield of 5.37%.

Supply & Demand in Eight Mile Plains, Brisbane

0.67%

Current vacancy rate


43

Rental stock available


15,321

Population


31.75%

Rental population


1.15%

Current vacancy rate


6,310

Rental stock available


1,131,159

Population


32.91%

Rental population


0.87%

Current vacancy rate


20,766

Rental stock available


4,703,187

Population


29.39%

Rental population


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Statistical data for Eight Mile Plains, Brisbane

  House Townhouses Units
Median listing price $1,312,500 $699,000 $629,000
Median price change - last quarter 0.49% 1.82% 2.90%
Median price change - 1 year 9.37% 16.50% 14.78%
Median price change - 2 years 31.25% 39.80% 28.62%
  House Townhouses Units
Median weekly rent $700 $610 $650
Median yield % 2.77% 4.53% 5.37%
Median rent change - 1 year 0.00% 5.17% 18.18%
  House Units
Previous month sales 7 1
Stock on market previous month 31 17
Stock variance vs. last year -24.39% -15.00%
Average days on market 98 44

Eight Mile Plains investment property listings

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