Darra (postcode 4076) is a smaller suburb in Queensland within the Brisbane local government area. It is home to about 4,098 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $81K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 professionals, technicians & trades, labourers. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Vietnamese.
Darra has a median house price of $710,000, which has ticked up by 0.7% year-on-year. Units have a median price of $487,000 (+5.8% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,500.
Darra is served by 2 schools, including 2 primary. The average ICSEA score is 1017, which is around the national average of 1,000. Public transport access includes 3 rail stations, 23 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices sit below the state median ($710K/$1.1M), which can point to relative value. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +0.7% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.