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Algester, QLD 4115
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,175,000
market range $1.1M-$1.3M
Median Unit
$790,000
market range $750K-$825K
Gross Yield (houses)
3.3%
1yr Growth (houses)
+16.2%
market range +7.5% to +25.0%
Investment snapshot for Algester
Algester has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Algester market and investor summary
In Algester, QLD 4115, the median house sells for around $1.2M, on a gross rental yield of 3.3% for houses. House prices have moved +16.2% over the past year and +45.3% over three years. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in Algester: people, income and schools
Algester has a resident population of roughly 9,020, and the area has been growing steadily, up about 6% over five years. At a median age of 36, it reads as broadly working-age, and families account for 78% of households.
The typical household income runs to around $89,000 a year (about $1,720 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.2 times local household income, so affordability is a genuine constraint on local buyers.
Families have 25 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Algester sits about 16 km from the CBD. It is fairly car-dependent; the suburb scores 46 for walkability and 15 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 9,020
- +6% over 5yr
- Median age
- 36 years
- Median household income
- $89,000/yr
- Households renting
- 31%
- Family households
- 78%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 25
- avg ICSEA 1053
- Unemployment
- 4.1%
- Distance to CBD
- 16 km
- Walk score
- 46/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Algester
View all →Frequently asked questions about Algester
What should I check before investing in Algester?
Algester has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +16.2% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Algester?
The median property price in Algester, QLD 4115 is $1.2M for houses and $790K for units.
What rental yield does Algester show?
The gross rental yield in Algester is 3.3% for houses and 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Algester?
House prices in Algester are up 16.2% over the past year and up 45.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Algester?
The current vacancy rate in Algester is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Algester?
Algester has a population of approximately 9,020 residents, with a median age of 36.
What schools are near Algester?
There are 25 schools within roughly 5km of Algester. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Algester affordable to buy in?
A median house in Algester costs about 13.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Algester's population growing?
The population of Algester has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Algester from the CBD?
Algester is about 16 km from the CBD.
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