Rasmussen is a residential suburb in Queensland, sitting within the 4815 postcode. As a regional suburb, the suburb is serviced by 2 schools and benefits from solid transport and amenity access.
Rasmussen has a population of approximately 4,669, a median age of 31, a median weekly household income of $1,584. The suburb has a balanced mix of owner-occupiers (54%) and renters, indicating healthy demand across both segments. Across the broader LGA, 30.1% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (18.2%), Public Administration and Safety (13.0%), Education and Training (9.7%).
The current median house price in Rasmussen is $567,600. The suburb has delivered strong average annual growth of 20.4% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 24.75%.
Properties in Rasmussen spend an average of 12 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.59%. With inventory levels at just 1 months, supply is tight relative to demand. The average vendor discount is -4.5%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Rasmussen is $520. Gross rental yield is 4.76%, providing a solid income return. Vacancy rate is 1.31%, reflecting healthy rental demand. Rents have grown 10.64% over the past 12 months.
The broader local government area is forecast to grow from 230,576 to 257,193 residents by 2031, representing 11.5% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Condon, QLD, Aitkenvale, QLD, Cranbrook, QLD, Douglas, QLD, Garbutt, 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 Rasmussen 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.