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The Summit, QLD 4377
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$575,000
market range $550K-$825K
Median Unit
$230,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for The Summit
The Summit has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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The Summit market and investor summary
The Summit (QLD 4377) runs a median house price of $575K. At 2.9% vacancy, it is a broadly balanced rental market.
Houses also take time to sell, around 110 days on market, so plan for a slower exit if you ever need one.
Living in The Summit: people, income and schools
The Summit has a resident population of roughly 436, a number that has held fairly steady over five years. The median age is 51, an older, established demographic, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $58,000 a year, or roughly $1,120 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 a steep 9.9 times local household income, so affordability is a genuine constraint on local buyers.
There are 3 schools within about 5km, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 5 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 436
- +5% over 5yr
- Median age
- 51 years
- Median household income
- $58,000/yr
- Households renting
- 13%
- Family households
- 77%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 945
- Unemployment
- 4.3%
- Walk score
- 5/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in The Summit
No properties currently listed in The Summit
Search The Summit listings →Frequently asked questions about The Summit
What should I check before investing in The Summit?
The Summit has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in The Summit?
The median property price in The Summit, QLD 4377 is $575K for houses.
How tight is the rental market in The Summit?
The current vacancy rate in The Summit is 2.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in The Summit?
The Summit has a population of approximately 436 residents, with a median age of 51.
What schools are near The Summit?
There are 3 schools within roughly 5km of The Summit. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is The Summit affordable to buy in?
A median house in The Summit costs about 9.9 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 The Summit's population growing?
The population of The Summit has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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