Malanda is a smaller suburb in Queensland within the Tablelands local government area (postcode 4885). With a population of 2,000, the suburb has a mature demographic with a median age of 51. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Malanda is $616,000, having grown strongly 6.1% over the past year. Units have a median price of $399,000 (+5% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,300.
Malanda is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 998, which is around the national average of 1,000. The crime rate in the Tablelands LGA is moderate at 6,456 incidents per 100,000 population.
From an investment perspective, Malanda offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($616K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +6.1% year-on-year.
Malanda is a smaller suburb in Queensland within the Tablelands local government area (postcode 4885). With a population of 2,000, the suburb has a mature demographic with a median age of 51. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are professionals, labourers, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Malanda is $616,000, having grown strongly 6.1% over the past year. Units have a median price of $399,000 (+5% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,300.
Malanda is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 998, which is around the national average of 1,000. The crime rate in the Tablelands LGA is moderate at 6,456 incidents per 100,000 population.
From an investment perspective, Malanda offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($616K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +6.1% year-on-year.