Located in Queensland within the Bundaberg local government area, Avoca is a smaller residential area (postcode 4670). With a population of 4,912, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $61K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are clerical & administrative, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Avoca is $640,000, broadly unchanged over the past year. The current median weekly rent is $630. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,300.
Avoca is served by 1 school, including 1 primary. The average ICSEA score is 957, which is around the national average of 1,000. The crime rate in the Bundaberg LGA is moderate at 4,913 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.1%, which reads as high yield. Property prices sit below the state median ($640K/$1.1M), which can point to relative value. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.