Oonoonba is a smaller residential area in Queensland within the Townsville local government area (postcode 4811). With a population of 2,050, the suburb has a younger, working-age population with a median age of 31. Households earn a median income of $79K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 community & personal service, professionals, technicians & trades. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Oonoonba is $529,000, having risen steeply by 10.2% over the past year. Units have a median price of $300,000 (+9.6% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,430.
The crime rate in the Townsville LGA is higher than average at 10,578 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.2%, which reads as high yield. Property prices sit below the state median ($529K/$1.1M), which can point to relative value. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +10.2% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.