Located in Queensland within the Redland local government area, North Stradbroke Island is a small, quiet locality (postcode 4183). With a population of 181, the suburb has an older-leaning population with a median age of 47. Households earn a median income of $57K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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 professionals, managers, technicians & trades. Employment in the area leans toward agriculture and construction. The top ancestries reported are Aboriginal Australian, Australian, English.
The median house price in North Stradbroke Island is $1.2 million, having surged by 32.6% over the past year. Units have a median price of $1.2 million (+6.4% YoY). The median weekly rent is $237 (Census 2021). This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,678.
The crime rate in the Redland LGA is below average at 3,602 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.1%, which reads as low yield. Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 20.2x is considered stretched. House prices have moved +32.6% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.