Chinchilla (postcode 4413) is a moderately sized suburb in Queensland within the Western Downs local government area. The area has roughly 7,068 residents and a mix of young professionals and families, with a median age of 33. Households earn a median income of $81K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 technicians & trades, labourers, professionals. Employment in the area leans toward construction and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Chinchilla stand at $369,000, having risen steeply by 20% over the last twelve months. Units have a median price of $247,000 (+8.3% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,300.
Chinchilla is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 965, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Western Downs LGA is moderate at 6,366 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.7%, which reads as high yield. Property prices sit below the state median ($369K/$1.1M), which can point to relative value. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +20.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.