Biloela is a mid-sized suburb in Queensland within the Banana local government area (postcode 4715). With a population of 5,692, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Biloela is $315,000, having grown strongly 6.8% over the past year. Units have a median price of $280,000 (-0.4% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,300.
Biloela is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 966, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Banana LGA is moderate at 4,596 incidents per 100,000 population.
From an investment perspective, Biloela offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($315K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +6.8% year-on-year.
Biloela is a mid-sized suburb in Queensland within the Banana local government area (postcode 4715). With a population of 5,692, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Biloela is $315,000, having grown strongly 6.8% over the past year. Units have a median price of $280,000 (-0.4% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,300.
Biloela is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 966, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Banana LGA is moderate at 4,596 incidents per 100,000 population.
From an investment perspective, Biloela offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($315K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +6.8% year-on-year.