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Petrie, QLD 4502
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$990,000
market range $925K-$1.1M
Median Unit
$720,000
market range $675K-$750K
Gross Yield (units)
4.0%
1yr Growth (houses)
+14.2%
market range +10.0% to +17.5%
Investment snapshot for Petrie
Petrie has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Petrie market and investor summary
In Petrie, QLD 4502, the median house sells for around $990K. House prices have moved +14.2% over the past year and +44.3% over three years. At 0.6% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking.
Living in Petrie: people, income and schools
Petrie has a resident population of roughly 8,722, a number that has held fairly steady over five years. At a median age of 38, it reads as broadly working-age, and families account for 78% of households.
The typical household income runs to around $96,000 a year (about $1,850 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 a steep 10.3 times local household income, so affordability is a genuine constraint on local buyers.
Families have 23 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Petrie sits about 24 km from the CBD. It is fairly car-dependent; the suburb scores 42 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 8,722
- +4% over 5yr
- Median age
- 38 years
- Median household income
- $96,000/yr
- Households renting
- 30%
- Family households
- 78%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 23
- avg ICSEA 992
- Unemployment
- 8.2%
- Distance to CBD
- 24 km
- Walk score
- 42/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Petrie
View all →Frequently asked questions about Petrie
What should I check before investing in Petrie?
Petrie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +14.2% in the past year shows strong recent price momentum. 3-year capital growth of +44.3% 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 Petrie?
The median property price in Petrie, QLD 4502 is $990K for houses and $720K for units.
What rental yield does Petrie show?
The gross rental yield in Petrie is 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 Petrie?
House prices in Petrie are up 14.2% over the past year and up 44.3% 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 Petrie?
The current vacancy rate in Petrie is 0.6%. 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 Petrie?
Petrie has a population of approximately 8,722 residents, with a median age of 38.
What schools are near Petrie?
There are 23 schools within roughly 5km of Petrie. 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 Petrie affordable to buy in?
A median house in Petrie costs about 10.3 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 Petrie's population growing?
The population of Petrie has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Petrie from the CBD?
Petrie is about 24 km from the CBD.
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