Get a property report and suburb profile for any property in Eight Mile Plains

Eight Mile Plains is a practical suburb with a strong family presence, made up of leafy residential streets of older brick and timber homes alongside clusters of newer townhouses and light-commercial corridors. It is home to 15,326 people, with a median age of 36 and a median household income of $1,917 a week. Most households are owner-occupied, and couple families (with and without children) make up the large majority of families in the suburb.

Transport is a defining feature: the Pacific Motorway and major arterials meet here, and Eight Mile Plains is the terminus for the South East Busway with regular bus links and a park 'n' ride at the station. A motorway and busway corridor project is under way that also identifies a new Rochedale bus station and park 'n' ride. For families and professionals after suburban amenities with direct city access, Eight Mile Plains is the kind of place to consider; whether it suits you depends on the lifestyle and connections you want.

On the figures for Eight Mile Plains, buying looks notably stretched against local incomes at the last Census. The median house price of $1,520,000 is about 15.3 times a typical local household's annual income at the last Census (weekly household income $1,917), which puts buying well above local incomes. Renting takes a sizeable share of that household income: an average house rent of $728 a week is roughly 38% of the typical local weekly income, while the average unit rent of $680 a week is about 35.5%. So renting appears less extreme than buying, though both rents take a sizeable share of a typical local household's income at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Eight Mile Plains recorded the clearest movement over the past year, climbing 18.5%, a strong rise in what houses are worth. Unit values also rose, up 8.4% over 12 months, a solid gain. By comparison, rental growth was much smaller: house rents rose 2.5%, a modest increase, and unit rents climbed 1.5%, a slight increase.

If capital growth is your focus, the value figures are the ones to watch; if rental income matters more, look at the rent numbers. House rents increased more than unit rents, but both rent rises were much smaller than the increases in value. Whether that balance makes Eight Mile Plains the right fit for your investment goals depends on your circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.