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Closeburn, QLD 4520
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,335,000
list-price estimate
Median Unit
$855,000
Gross Yield (houses)
2.1%
1yr Growth (houses)
+9.7%
market range -10.0% to +17.5%
Investment snapshot for Closeburn
Closeburn has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Closeburn market and investor summary
In Closeburn, QLD 4520, houses show a gross rental yield of 2.1%. House prices have moved +9.7% over the past year and +21.8% over three years. At 8.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 8.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 79 days on market, so plan for a slower exit if you ever need one.
Living in Closeburn: people, income and schools
About 562 people live in Closeburn, and the area has been growing steadily, up about 6% over five years. At a median age of 47, it reads as skewed a little older, and 93% 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 $148,000 a year (about $2,840 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. Closeburn sits about 22 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 562
- +6% over 5yr
- Median age
- 47 years
- Median household income
- $148,000/yr
- Households renting
- 5%
- Family households
- 92%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1096
- Unemployment
- 2.1%
- Distance to CBD
- 22 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Closeburn
View all →Frequently asked questions about Closeburn
What should I check before investing in Closeburn?
Closeburn has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +9.7% in the past year shows strong recent price momentum. 3-year capital growth of +21.8% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Closeburn?
The median property price in Closeburn, QLD 4520 is $855K for units.
What rental yield does Closeburn show?
The gross rental yield in Closeburn is 2.1% for houses and 4.0% 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 Closeburn?
House prices in Closeburn are up 9.7% over the past year and up 21.8% 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 Closeburn?
The current vacancy rate in Closeburn is 8.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Closeburn?
Closeburn has a population of approximately 562 residents, with a median age of 47.
What schools are near Closeburn?
There are 1 school within roughly 5km of Closeburn. 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 Closeburn's population growing?
The population of Closeburn 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 Closeburn from the CBD?
Closeburn is about 22 km from the CBD.
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