Eight Mile Plains is a well-established suburb in Queensland within the Brisbane local government area (postcode 4113). With a population of 15,326, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Eight Mile Plains is $1.4 million, having surged 21% over the past year. Units have a median price of $607,000 (+16.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,803.
Eight Mile Plains is served by 2 schools, including 2 primary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 47 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Eight Mile Plains offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 14.1x is considered stretched. House prices have moved +21.0% year-on-year.
Eight Mile Plains is a well-established suburb in Queensland within the Brisbane local government area (postcode 4113). With a population of 15,326, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Eight Mile Plains is $1.4 million, having surged 21% over the past year. Units have a median price of $607,000 (+16.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,803.
Eight Mile Plains is served by 2 schools, including 2 primary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 47 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Eight Mile Plains offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 14.1x is considered stretched. House prices have moved +21.0% year-on-year.