Dakabin (postcode 4503) is a moderately sized suburb in Queensland within the Moreton Bay local government area. The area has roughly 5,275 residents and a younger, working-age population, with a median age of 30. Households earn a median income of $88K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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 professionals, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Dakabin stand at $724,000, having jumped by 10.1% over the last twelve months. Units have a median price of $505,000 (+20.2% YoY). The current median weekly rent is $595. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,800.
Dakabin is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 1004, which is around the national average of 1,000. Public transport access includes 1 rail station, 6 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,728 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.3% (moderate yield). Property prices sit below the state median ($724K/$1.1M), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved +10.1% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.