Located in Queensland within the Bundaberg local government area, Gin Gin is a close-knit residential community (postcode 4671). With a population of 1,139, the suburb has an older-leaning population with a median age of 51. Households earn a median income of $47K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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 labourers, machinery operators & drivers, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, German.
The median house price in Gin Gin is $405,000, having grown strongly by 5.2% over the past year. Units have a median price of $295,000 (-1.7% YoY). The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $867.
Gin Gin is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 936, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Bundaberg LGA is moderate at 4,913 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.2%, which reads as moderate yield. Property prices sit below the state median ($405K/$1.1M), which can point to relative value. The price-to-income ratio of 8.6x is considered moderate. House prices have moved +5.2% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.