Located in Queensland within the Somerset local government area, Lowood is a compact suburb (postcode 4311). The area has roughly 4,082 residents and a settled mid-life population, with a median age of 40. Households earn a median income of $60K per year, with an average household size of 2.6 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 labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, German.
Lowood has a median house price of $595,000, which has climbed sharply by 15.5% year-on-year. Units have a median price of $400,000 (+21.6% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Lowood is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 910, which is below the national average of 1,000. Public transport access includes 2 rail stations. The crime rate in the Somerset LGA is moderate at 4,695 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.8%, which reads as moderate yield. Property prices sit below the state median ($595K/$1.1M), which can point to relative value. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +15.5% 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.