Algester is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4115). With a population of 9,020, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $89K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Chinese.
The median house price in Algester is $900,000, having surged 17.2% over the past year. Units have a median price of $621,000 (+6.2% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,750.
Algester is served by 2 schools, including 2 primary. The average ICSEA score is 1059, which is above the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Algester offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($900K/$1.1M). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +17.2% year-on-year.
Algester is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4115). With a population of 9,020, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $89K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Chinese.
The median house price in Algester is $900,000, having surged 17.2% over the past year. Units have a median price of $621,000 (+6.2% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,750.
Algester is served by 2 schools, including 2 primary. The average ICSEA score is 1059, which is above the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Algester offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($900K/$1.1M). The price-to-income ratio of 10.1x is considered stretched. House prices have moved +17.2% year-on-year.