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Condon, QLD 4815
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$620,000
market range $575K-$700K
Median Unit
$460,000
market range $400K-$575K
Gross Yield (houses)
4.7%
1yr Growth (houses)
+16.8%
market range +12.5% to +20.0%
Investment snapshot for Condon
Condon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Condon market and investor summary
Condon (QLD 4815) runs a median house price of $620K, with houses yielding a gross 4.7%. House prices have moved +16.8% over the past year and +88.4% over three years. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in Condon: people, income and schools
Condon is home to around 5,894 people, a number that has held fairly steady over five years. The median age is 39, broadly working-age, and families account for 68% of households.
Households here earn a median of about $69,000 a year, or roughly $1,340 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 14 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 4 for walkability and 16 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 5,894
- +4% over 5yr
- Median age
- 39 years
- Median household income
- $69,000/yr
- Households renting
- 33%
- Family households
- 68%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 14
- avg ICSEA 953
- Unemployment
- 8.0%
- Walk score
- 4/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Condon
View all →Frequently asked questions about Condon
What should I check before investing in Condon?
Condon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.4%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +16.8% 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 Condon?
The median property price in Condon, QLD 4815 is $620K for houses and $460K for units.
What rental yield does Condon show?
The gross rental yield in Condon is 4.7% for houses and 5.4% 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 Condon?
House prices in Condon are up 16.8% over the past year and up 88.4% 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 Condon?
The current vacancy rate in Condon is 1.0%. 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 Condon?
Condon has a population of approximately 5,894 residents, with a median age of 39.
What schools are near Condon?
There are 14 schools within roughly 5km of Condon. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Condon affordable to buy in?
A median house in Condon costs about 8.9 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 Condon's population growing?
The population of Condon has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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