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Caravonica, QLD 4878

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$760,000

market range $675K-$950K

Median Unit

$520,000

list-price estimate

Gross Yield

-

1yr Growth (houses)

+9.8%

market range +2.5% to +20.0%

Investment snapshot for Caravonica

Caravonica has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Caravonica market and investor summary

In Caravonica, QLD 4878, the median house sells for around $760K. House prices have moved +9.8% over the past year. At 0.5% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.

Living in Caravonica: people, income and schools

About 2,183 people live in Caravonica, and the area has been growing steadily, up about 13% over five years. At a median age of 46, it reads as skewed a little older, and 79% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $87,000 a year (about $1,670 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.8 times local household income, in line with much of metropolitan Australia. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.

Families have 5 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 11 for walkability and 23 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
2,183
+13% over 5yr
Median age
46 years
Median household income
$87,000/yr
Households renting
18%
Family households
72%
Socio-economic rank
6/10
ABS advantage index
Schools within 5km
5
avg ICSEA 1047
Unemployment
2.6%
Walk score
11/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Caravonica

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Frequently asked questions about Caravonica

What should I check before investing in Caravonica?

Caravonica has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +9.8% in the past year shows strong recent price momentum. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Caravonica?

The median property price in Caravonica, QLD 4878 is $760K for houses.

What does recent house price growth show for Caravonica?

House prices in Caravonica are up 9.8% over the past year. 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 Caravonica?

The current vacancy rate in Caravonica is 0.5%. 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 Caravonica?

Caravonica has a population of approximately 2,183 residents, with a median age of 46.

What schools are near Caravonica?

There are 5 schools within roughly 5km of Caravonica. 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 Caravonica affordable to buy in?

A median house in Caravonica costs about 8.8 times the median local household income (broadly in line with metropolitan Australia). 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 Caravonica's population growing?

The population of Caravonica has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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