Thinking about buying in The Caves? Now could not be a better time, with 714 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $527,000 with prices in this suburb ranging from $175,000 to $1,255,000. The aproximate distance to the coast is 24 Km.
Median Weekly Rent | $255.00 |
Median Monthly Mortgage | $1639.00 |
Median Persons Per Bedroom | 0.83 |
Average Household Size | 3.00 |
Average Age | 41.33 |
Average Income | $907.33 |
Average Cars Per Dwelling | 2.60 |
Average Properties Within 50M | 13 |
1 Bed  $175,000 |
2 Bed  $580,000 |
3 Bed  $527,000 |
4 Bed  $723,000 |
5 Bed  $510,000 |
6 Bed+$510,000 |
Consistent high demand relative to supply is a key feature in The Caves driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in The Caves are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in The Caves provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in The Caves 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. Lower than average industry presence in The Caves we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make The Caves a better buying opportunity than it may have been in the past.
60 DODD LANE, THE CAVES, QLD, 4702 | 1 | 1 | 2 | Offers Considered Over $989,000 |
The Caves State School
(While the above schools are located with the suburb of The Caves there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.9 | 23.1 | 32.6 | 45.8 | 88.4 | 3.9 | 24.5 |
Feb | 5.8 | 22.9 | 32.0 | 49.8 | 90.3 | 3.8 | 22.9 |
Mar | 5.6 | 22.1 | 30.8 | 51.8 | 91.2 | 3.6 | 19.8 |
Apr | 0.9 | 19.1 | 29.3 | 44.6 | 89.6 | 3.3 | 18.7 |
May | 1.0 | 14.5 | 26.3 | 40.1 | 90.5 | 2.9 | 16.1 |
Jun | 0.7 | 11.8 | 24.5 | 39.8 | 92.8 | 2.6 | 14.4 |
Jul | 1.7 | 11.1 | 24.1 | 38.8 | 92.5 | 2.6 | 15.2 |
Aug | 0.5 | 11.6 | 26.5 | 30.1 | 90.6 | 2.5 | 18.1 |
Sept | 0.7 | 14.8 | 28.7 | 30.9 | 88.9 | 3.0 | 21.7 |
Oct | 1.6 | 17.8 | 30.0 | 36.9 | 90.6 | 3.4 | 24.5 |
Nov | 1.4 | 20.1 | 31.2 | 40.7 | 89.2 | 3.5 | 26.3 |
Dec | 3.8 | 22.0 | 33.1 | 39.9 | 87.1 | 3.6 | 26.8 |
source: Australian Government Bureau of Meteorology
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!