Located in Queensland within the Logan local government area, Flagstone is a moderately sized suburb (postcode 4280). With a population of 7,087, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $108K per year, with an average household size of 3.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.1% 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 technicians & trades, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in Flagstone is $966,000, having grown strongly by 8.9% over the past year. Units have a median price of $358,000. The current median weekly rent is $610. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,820.
Flagstone is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 952, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Logan LGA is moderate at 7,987 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.3% (moderate yield). Property prices are near the state median ($966K/$1.1M). The price-to-income ratio of 9.0x is considered moderate. House prices have moved +8.9% year-on-year. Population growth of +3.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.