Chinchilla is a mid-sized suburb in Queensland within the Western Downs local government area (postcode 4413). With a population of 7,068, the suburb has 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. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Chinchilla is $369,000, having surged 20% over the past year. Units have a median price of $247,000 (+8.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 6.8%. 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 6,885 incidents per 100,000 population.
From an investment perspective, Chinchilla offers a gross rental yield of 6.8%, rated as high yield. Property prices sit below the state median ($369K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +20.0% year-on-year.
Chinchilla is a mid-sized suburb in Queensland within the Western Downs local government area (postcode 4413). With a population of 7,068, the suburb has 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. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Chinchilla is $369,000, having surged 20% over the past year. Units have a median price of $247,000 (+8.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 6.8%. 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 6,885 incidents per 100,000 population.
From an investment perspective, Chinchilla offers a gross rental yield of 6.8%, rated as high yield. Property prices sit below the state median ($369K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +20.0% year-on-year.