Located in Queensland within the Townsville local government area, Condon is a moderately sized suburb (postcode 4815). The area has roughly 5,894 residents and an established demographic, with a median age of 39. Households earn a median income of $69K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 community & personal service, technicians & trades, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Condon is $380,000, having risen steeply by 18.8% over the past year. Units have a median price of $290,000 (-1.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $1,300.
Condon is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 765, which is well below the national average of 1,000. The crime rate in the Townsville LGA is higher than average at 10,578 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 6.8%, which reads as high yield. Property prices sit below the state median ($380K/$1.1M), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved +18.8% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.