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Pimlico, QLD 4812

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

Data updated

Tight Rental MarketStrong Growth

Median House

$660,000

market range $625K-$700K

Median Unit

$400,000

market range $325K-$550K

Gross Yield (houses)

4.5%

1yr Growth (houses)

+16.0%

market range +10.0% to +22.5%

Investment snapshot for Pimlico

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

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Pimlico market and investor summary

In Pimlico, QLD 4812, the median house sells for around $660K, on a gross rental yield of 4.5% for houses. House prices have moved +16.0% over the past year and +80.2% over three years. At 1.1% 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 4.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.

Living in Pimlico: people, income and schools

Pimlico is home to around 2,557 people, a number that has held fairly steady over five years. At a median age of 39, it reads as broadly working-age, with renters making up 57% of households. A renter base that size keeps demand for well-priced rentals fairly consistent, though rents do most of the work on the return.

The typical household income runs to around $59,000 a year (about $1,130 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 11.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.

Families have 40 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 46 for walkability and 37 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
2,557
+2% over 5yr
Median age
39 years
Median household income
$59,000/yr
Households renting
57%
Family households
51%
Socio-economic rank
3/10
ABS advantage index
Schools within 5km
40
avg ICSEA 1025
Unemployment
8.1%
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 Pimlico

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Frequently asked questions about Pimlico

What should I check before investing in Pimlico?

Pimlico has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.5%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +16.0% 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 Pimlico?

The median property price in Pimlico, QLD 4812 is $660K for houses and $400K for units.

What rental yield does Pimlico show?

The gross rental yield in Pimlico is 4.5% for houses and 5.5% 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 Pimlico?

House prices in Pimlico are up 16.0% over the past year and up 80.2% 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 Pimlico?

The current vacancy rate in Pimlico is 1.1%. 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 Pimlico?

Pimlico has a population of approximately 2,557 residents, with a median age of 39.

What schools are near Pimlico?

There are 40 schools within roughly 5km of Pimlico. 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 Pimlico affordable to buy in?

A median house in Pimlico costs about 11.3 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 Pimlico's population growing?

The population of Pimlico has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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