Thinking about buying in Rita Island? Now could not be a better time, with just 204 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $659,000 with prices in this suburb ranging from $237,000 to $1,843,000. Rita Island is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $196.50 |
Median Monthly Mortgage | $1033.50 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 2.00 |
Average Age | 48.00 |
Average Income | $782.50 |
Average Cars Per Dwelling | 2.36 |
Average Properties Within 50M | 1 |
1 Bed  $326,000 |
2 Bed  $789,000 |
3 Bed  $515,000 |
4 Bed  $1,843,000 |
5 Bed  $662,000 |
In Rita Island there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Rita Island is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Rita Island changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Rita Island necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Rita Island the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
5 sandhill rd, rita island, qld, 4807 | 3 | 1 | 2 | $620,000 |
None within suburb boundary
(While the above schools are located with the suburb of Rita Island there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 7.7 | 23.4 | 32.2 | 46.3 | 90.0 | 3.1 | 23.3 |
Feb | 5.9 | 23.3 | 32.3 | 46.1 | 90.2 | 2.9 | 22.2 |
Mar | 6.3 | 22.4 | 31.2 | 51.3 | 89.4 | 2.9 | 20.0 |
Apr | 1.9 | 19.6 | 30.0 | 42.2 | 89.7 | 2.9 | 19.7 |
May | 0.7 | 16.3 | 27.5 | 41.1 | 90.9 | 2.9 | 17.7 |
Jun | 0.6 | 13.8 | 25.8 | 43.6 | 90.3 | 2.8 | 15.5 |
Jul | 0.6 | 13.0 | 25.9 | 42.2 | 89.7 | 2.8 | 17.0 |
Aug | 0.7 | 13.2 | 26.8 | 39.2 | 90.1 | 2.7 | 19.2 |
Sept | 0.1 | 15.9 | 28.7 | 39.9 | 89.5 | 3.0 | 23.4 |
Oct | 0.6 | 18.6 | 30.1 | 42.2 | 88.0 | 3.2 | 25.7 |
Nov | 0.8 | 21.0 | 31.6 | 44.8 | 86.7 | 3.3 | 27.3 |
Dec | 2.0 | 22.5 | 32.6 | 41.8 | 86.3 | 3.2 | 26.8 |
source: Australian Government Bureau of Meteorology
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