Kingaroy (postcode 4610) is a well-established suburb in Queensland within the South Burnett local government area. It is home to about 10,266 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $65K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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, professionals, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, German.
Median house prices in Kingaroy stand at $390,000, having climbed sharply by 10.6% over the last twelve months. Units have a median price of $248,000 (+24.1% YoY). The current median weekly rent is $510. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $1,200.
Kingaroy is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 956, which is around the national average of 1,000. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the South Burnett LGA is moderate at 6,085 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 6.8%, which reads as high yield. Property prices sit below the state median ($390K/$1.1M), which can point to relative value. The price-to-income ratio of 6.0x is considered moderate. House prices have moved +10.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.