Freshwater (4870) is a suburb in Queensland that continues to attract attention from both homeowners and investors. As a regional suburb, the suburb is serviced by 1 schools and benefits from solid transport and amenity access.
Freshwater has a population of approximately 2,142, a median age of 41, a median weekly household income of $2,082. With 70% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 29.7% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (18.8%), Accommodation and Food Services (10.3%), Retail Trade (10.0%).
The current median house price in Freshwater is $932,500. The suburb has delivered strong average annual growth of 12.0% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 27.3%.
Properties in Freshwater spend an average of 26 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.4%. With inventory levels at just 1.3 months, supply is tight relative to demand. The average vendor discount is -5.7%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Freshwater is $705. Gross rental yield is 3.93%, which is typical for a growth-oriented market. Vacancy rate is 1.03%, reflecting healthy rental demand. Rental growth is 0.71% year-on-year.
The broader local government area is forecast to grow from 197,958 to 221,474 residents by 2031, representing 11.9% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Bungalow, QLD, Cairns North, QLD, Earlville, QLD, Edge Hill, QLD, Manoora, 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 Freshwater 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.