This property is Off Market
With an average age of 29, households expect an average monthly mortgage payment of $1,503 or a weekly rent payment of $355. The average family earns a weekly income of $1,388 with a typical household size of 2.6 and a 87.42% employment rate.
In Richlands there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Richlands is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Richlands leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. High density population in Richlands requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 6%)
Inala - Richlands a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Queensland State average 66 / 100
Income
11 / 100
32 / 100
Industry
32 / 100
32 / 100
Population
65 / 100
40 / 100
House Prices
43 / 100
63 / 100
Jobs
06 / 100
31 / 100
Incidents Trend State Average
Serviceton South State School
Inala, QLD, 4077 State Prep-6
Inala Flexible Learning Centre
Inala, QLD, 4077 Independent 7-12
Glenala State High School
Durack, QLD, 4077 State 7-12
Richlands East State School
Inala, QLD, 4077 State Prep-6
Western Suburbs State Special School
Inala, QLD, 4077 State Prep-12
Forest Lake State School
Forest Lake, QLD, 4078 State Prep-6
Inala State School
Inala, QLD, 4077 State Prep-6
Carole Park State School
Wacol, QLD, 4076 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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