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Innisfail Estate suburb profile

Innisfail Estate is a picturesque suburb located in the Cassowary Coast Region of Queensland, known for its lush landscapes and proximity to natural attractions. Situated near the Johnstone River, it offers residents a serene lifestyle with easy access to the Great Barrier Reef and Wet Tropics World Heritage Area. The suburb is characterized by its tropical climate, vibrant community, and a mix of residential properties, including traditional Queenslander homes. Innisfail Estate provides a peaceful retreat with essential amenities, schools, and recreational facilities, making it an appealing choice for families and nature enthusiasts seeking a tranquil yet connected living environment.

Innisfail Estate property market performance

Innisfail Estate's property market has shown significant growth in house values over the past 12 months, with a remarkable 35% increase, despite the median house price currently being $0. In contrast, unit values have remained stable with no change. Over the same period, only 2 houses and 2 units were sold, indicating limited sales activity.

Houses in Innisfail Estate are selling quickly, with a median of just 13 days on the market, while units have not been on the market recently. This suggests a strong demand for houses compared to units.

The rental market has seen a substantial increase in house rents, with a 29.1% rise over the last 12 months, bringing the average rent to $510. Meanwhile, unit rents have remained unchanged, averaging $338, indicating a stable demand for rental units.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
35.0%N/A
Sold
Past 3 months
22
Median days on market
Past 12 months
13N/A
Average rent
Past 12 months
$510$338
Change in rent
Past 12 months
29.1%N/A

5 year median price trend for houses and units

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Innisfail Estate demographics

Innisfail Estate, located in the tropical region of Far North Queensland, offers a serene lifestyle amidst lush landscapes and a close-knit community. With a population of 1,454, this suburb is characterized by its tranquil environment and a median age of 39, indicating a balanced mix of families, professionals, and retirees. The area is known for its proximity to natural attractions such as the Great Barrier Reef and the Wet Tropics World Heritage Area, making it an appealing choice for those who appreciate outdoor activities and a slower pace of life.

The housing landscape in Innisfail Estate is diverse, with a significant portion of properties being rented, accounting for 46.9% of the total. This suggests a flexible living arrangement that caters to both transient residents and those seeking long-term settlement. Meanwhile, 33.4% of properties are owned outright, reflecting a stable community of long-term homeowners. The suburb's family composition is varied, with 37.8% of households being couple families with children and 40.6% being couple families without children, highlighting its appeal to both young families and older couples.

Innisfail Estate's median household income of $1,246 per week is indicative of a modest yet comfortable lifestyle, supported by local employment opportunities in agriculture, tourism, and small businesses. The suburb's community spirit, combined with its natural beauty and relaxed atmosphere, makes it an attractive destination for those seeking a peaceful and fulfilling life away from the hustle and bustle of larger cities.

Innisfail Estate infrastructure, key developments and investment opportunities

Innisfail Estate currently appears to have no major new redevelopment or transport projects that would materially change the property market in the immediate term. Local demand remains supported by its established residential setting, proximity to the Innisfail town centre, and access to everyday amenities and services.

Innisfail State College provides a key local education option for families, which can help underpin buyer interest in the area. Overall, the suburb’s appeal is more closely tied to its existing livability and regional convenience than to any large current infrastructure pipeline.

Innisfail Estate rental market trends

The rental market in Innisfail Estate has experienced significant growth in house rents, which have surged 29.1% over the past year to $510 per week. In contrast, unit rents have remained stable at $338 per week. This dynamic indicates a strong demand for houses, making Innisfail Estate an attractive option for investors seeking growth in the rental sector.

Suburbs near Innisfail Estate

Some popular suburbs near Innisfail Estate include:

How does Innisfail Estate compare to nearby suburbs?

  • Median house prices: Innisfail Estate’s median house price is 43.5% higher than East Innisfail’s.
  • House price growth: Over the past 12 months, house prices in Innisfail Estate have grown 21.7% higher than in Innisfail.
  • Selling speed for houses: Properties in Innisfail Estate are selling 60.6% faster than in Innisfail.

Common questions about Innisfail Estate

  • Is Innisfail Estate a nice place to live?

    Innisfail Estate is a charming and peaceful suburb that offers a delightful lifestyle for those seeking a serene environment. Nestled within the lush landscapes of the Cassowary Coast Region, this suburb is perfect for families and individuals who appreciate the beauty of nature and a close-knit community. The suburb's tropical climate and vibrant community create a welcoming atmosphere, making it an ideal place for families to settle down. With essential amenities, schools, and recreational facilities readily available, residents enjoy a convenient and fulfilling lifestyle.

    The suburb is known for its proximity to stunning natural attractions, providing endless opportunities for outdoor activities and exploration. While Innisfail Estate may not offer the bustling nightlife of larger cities, it compensates with its tranquil surroundings and a strong sense of community. Safety is generally not a concern, allowing families to enjoy a relaxed and secure environment. The trade-off for this peaceful lifestyle is the lack of major new redevelopment or transport projects, which means the property market remains stable without significant changes in the immediate term.

    For families, Innisfail Estate offers a supportive environment with access to quality education options like Innisfail State College. The suburb's diverse housing landscape caters to both transient residents and long-term homeowners, providing flexibility for those seeking different living arrangements. While the area may not have the rapid growth seen in urban centers, its established residential setting and proximity to the Innisfail town centre ensure that residents have access to everyday amenities and services. Overall, Innisfail Estate is a delightful place to live for those who value a peaceful, nature-oriented lifestyle with a strong community spirit.

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  • Is it expensive to live in Innisfail Estate?

    Living in Innisfail Estate offers a unique financial landscape compared to many other areas. With the current median house and unit prices at $0, it suggests that purchasing property might not be the primary concern or that data might be missing. However, when it comes to renting, the average rent for houses is $510 per week, while units are more affordable at $338 per week.

    Innisfail Estate's average personal income is around $28,000 per year, which translates to a weekly income of approximately $540. When you compare this to the median total household income of $1,246 per week, it indicates that many households likely have multiple income earners. In contrast, the average income in Queensland is generally higher, which might make the rental costs in Innisfail Estate seem relatively high for single-income earners.

    Overall, while Innisfail Estate offers a more affordable rental market compared to larger cities or more developed suburbs, the cost of living could still pose a challenge for those earning below the average state income. If you are thinking of living in Innisfail Estate, it's essential to consider your income and budget accordingly to ensure it aligns with the rental expenses in this area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Innisfail Estate a good place to invest?

    Innisfail Estate is showing promising signs as a potential investment hotspot, particularly for those interested in the housing market. Over the past year, the suburb has experienced a significant 35% increase in median house values, indicating strong demand and a robust market. This surge in property values suggests that Innisfail Estate is becoming increasingly attractive to buyers, potentially leading to further growth in the future.

    Additionally, the rental market for houses in Innisfail Estate has seen a substantial rise, with a 29.1% increase in rent over the last 12 months. This trend highlights the suburb's appeal to renters, which can be an advantage for investors seeking reliable rental income. While the unit market has remained stable with no change in values or rent, the strong performance of the housing sector makes Innisfail Estate a compelling option for those looking to invest in property.

    Overall, Innisfail Estate offers a dynamic investment opportunity with its impressive growth in house values and rental returns. For investors seeking a suburb with potential for capital appreciation and solid rental income, Innisfail Estate presents a promising choice.

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Choose the right real estate agents in Innisfail Estate

Choosing the right real estate agent in Innisfail Estate can have a big impact on your sale. While there are 9 real estate agents working in the suburb, but just 5 of them were responsible for 76.5% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.5% to 3.13%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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