Longreach (postcode 4730) is a smaller suburb in Queensland within the Longreach local government area. It is home to about 3,124 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $85K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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 managers, professionals, technicians & trades. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Irish.
Median house prices in Longreach stand at $220,000, having grown strongly by 7.3% over the last twelve months. Units have a median price of $285,000. The current median weekly rent is $370. This gives a gross rental yield of approximately 8.7%. The median monthly mortgage repayment is $1,185.
Longreach is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 961, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Longreach LGA is moderate at 4,174 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 8.7% (high yield). Property prices sit below the state median ($220K/$1.1M), which can point to relative value. The price-to-income ratio of 2.6x is considered affordable. House prices have moved +7.3% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.