Located in Queensland within the Somerset local government area, Esk is a small locality (postcode 4312). It is home to about 1,641 residents, with a predominantly older resident base and a median age of 58. Households earn a median income of $47K per year, with an average household size of 2.1 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 community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Esk is $559,000, having surged by 29.2% over the past year. Units have a median price of $200,000. The median weekly rent is $260 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,181.
Esk is served by 1 school, including 1 primary. The average ICSEA score is 970, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Somerset LGA is moderate at 4,695 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.4% (low yield). Property prices sit below the state median ($559K/$1.1M), which can point to relative value. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +29.2% 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.