East Innisfail is a residential suburb in Queensland, sitting within the 4860 postcode. As a regional suburb, the suburb is serviced by 3 schools and benefits from solid transport and amenity access.
East Innisfail has a population of approximately 1,757, a median age of 38, a median weekly household income of $1,218. The suburb has a balanced mix of owner-occupiers (56%) and renters, indicating healthy demand across both segments. Across the broader LGA, 18.4% of residents hold a university qualification.
Key employment industries in the broader local government area include Agriculture, Forestry and Fishing (21.7%), Health Care and Social Assistance (11.7%), Retail Trade (9.1%).
The current median house price in East Innisfail is $407,500. The suburb has delivered strong average annual growth of 17.8% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 35.83%.
Properties in East Innisfail spend an average of 33 days on market. Online buyer demand is currently rated as average online demand. Stock on market sits at 1.08%. Inventory levels are at 2.12 months, indicating a balanced market. The average vendor discount is -5.8%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in East Innisfail is $450. Gross rental yield sits at 5.74%, which is above average and attractive for cashflow-oriented investors. The vacancy rate of 0.3% signals very strong rental demand. Rents have grown 15.38% over the past 12 months.
The broader local government area is forecast to grow from 30,852 to 31,586 residents by 2031 (2.4% growth).
Explore other suburb profiles in the area: Innisfail, QLD, Tully, QLD, White Rock, QLD, Woree, QLD, Mission Beach, QLD.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering East Innisfail or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.