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Kirkwood suburb profile

Kirkwood is a burgeoning suburb located in the Gladstone Region of Queensland, offering a blend of suburban tranquility and modern conveniences. Known for its family-friendly atmosphere, Kirkwood features a mix of contemporary homes and spacious properties, making it an attractive choice for families and professionals. The suburb is well-served by local amenities, including shopping centers, parks, and schools, providing a comfortable lifestyle for its residents. Its proximity to Gladstone's industrial hub and natural attractions like the Tondoon Botanic Gardens adds to its appeal, making Kirkwood a desirable location for those seeking a balanced lifestyle.

Kirkwood property market performance

Kirkwood’s property market has experienced significant growth over the past 12 months, with house values increasing by an impressive 24%. The current median house price stands at $632,000, reflecting strong demand in the area. However, there has been no activity in the unit market, with no units sold or rented, indicating a lack of supply or demand for this property type.

Sales activity for houses has been robust, with 36 houses sold over the last 12 months. Houses are selling quickly, with a median of just 20 days on the market, highlighting the competitive nature of the market.

The rental market for houses in Kirkwood has also seen substantial growth, with average rents increasing by 12% over the past year, reaching $560. This suggests a strong rental demand, further emphasizing the suburb's appeal to both buyers and renters.

HousesUnits
Median price
Past 3 months
$625KN/A
Change in value
Past 12 months
20.8%N/A
Sold
Past 3 months
23N/A
Median days on market
Past 12 months
20N/A
Average rent
Past 12 months
$560N/A
Change in rent
Past 12 months
9.8%N/A

5 year median price trend for houses and units

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Kirkwood demographics

Kirkwood, located in the Gladstone Region of Queensland, is a burgeoning suburb known for its family-friendly environment and modern amenities. With a population of 2,513 and a median age of 28, Kirkwood is characterized by its youthful demographic, making it an attractive location for young families and professionals. The suburb's median total household income of $2,313 per week reflects a relatively prosperous community, likely supported by the region's industrial and resource-based economy.

Family life is a significant aspect of Kirkwood, with 54.9% of households being couple families with children, indicating a strong community focus on family-oriented living. Additionally, 28.1% of households are couple families without children, and 17% are one-parent families, showcasing a diverse range of family structures within the suburb. The absence of other family types suggests a more traditional family setup prevalent in the area.

In terms of housing, Kirkwood presents a balanced mix of ownership and rental opportunities. While 8.9% of properties are owned outright, a substantial 42.9% are owned with a mortgage, indicating a trend towards homeownership among residents. Meanwhile, 48.2% of properties are rented, providing flexibility for those not yet ready to buy. This mix of housing options caters to both long-term residents and newcomers, contributing to the suburb's dynamic and evolving community landscape.

Kirkwood infrastructure, key developments and investment opportunities

Kirkwood continues to experience steady residential growth, with multiple active housing estates and ongoing new land releases, reflecting strong buyer demand in the area. The suburb benefits from proximity to Gladstone CBD and features established amenities like the Kirkwood Shopping Centre, which houses essential retail and medical services, supporting everyday convenience for residents.

Access to several parks and nature reserves enhances local livability and recreational appeal. There are currently no major announcements regarding new schools, major infrastructure, or transport upgrades impacting Kirkwood; however, future development is anticipated as the suburb transitions from its semi-rural roots to a more developed residential community. This ongoing growth is likely to underpin further increases in property demand over the coming years.

Kirkwood rental market trends

The rental market in Kirkwood has experienced growth, with house rents increasing 12% over the past year to $560 per week. However, there is no data available for unit rents, indicating a potential lack of unit rental options in the area. Kirkwood's expanding infrastructure and community amenities continue to attract interest from renters seeking suburban living.

Suburbs near Kirkwood

Some popular suburbs near Kirkwood include:

How does Kirkwood compare to nearby suburbs?

  • Median house prices: Kirkwood’s median house price is 4.5% higher than Glen Eden’s.
  • House price growth: Over the past 12 months, house prices in Kirkwood have grown 0.2% higher than in Glen Eden.
  • Selling speed for houses: Properties in Kirkwood are selling 23.1% faster than in Glen Eden.

Common questions about Kirkwood

  • Is Kirkwood a nice place to live?

    Kirkwood is a delightful suburb that offers a harmonious blend of suburban tranquility and modern living, making it a wonderful place to call home. Known for its peaceful atmosphere and welcoming community, Kirkwood is particularly appealing to families and professionals who appreciate a balanced lifestyle. The suburb is characterized by its contemporary homes and spacious properties, providing ample space for families to grow and thrive. With a strong sense of community, Kirkwood is a place where neighbors know each other and families feel safe and supported.

    The suburb's proximity to essential amenities enhances its livability, with convenient access to shopping centers, parks, and schools. Kirkwood Shopping Centre is a hub for everyday needs, offering a range of retail and medical services. For those who enjoy the outdoors, the suburb is surrounded by beautiful parks and nature reserves, providing plenty of opportunities for recreation and relaxation. While Kirkwood may not have the bustling nightlife of a city center, it compensates with its serene environment and family-friendly vibe.

    Safety is generally not a concern in Kirkwood, contributing to its appeal as a family-oriented suburb. However, as the area continues to grow, residents may experience some trade-offs, such as increased traffic and ongoing construction as new housing developments emerge. Despite this, the suburb's ongoing development promises to bring more amenities and infrastructure improvements in the future, further enhancing its appeal.

    For families, Kirkwood offers a supportive environment with access to quality schools and plenty of green spaces for children to play. While the suburb is still evolving, its current offerings make it a desirable location for those seeking a peaceful yet convenient lifestyle. Overall, Kirkwood is a charming suburb that provides a comfortable and fulfilling living experience for its residents.

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  • Is it expensive to live in Kirkwood?

    Kirkwood presents an interesting case when it comes to determining the cost of living. With the median house price at $632,000, it is relatively affordable compared to some of the more expensive suburbs in Queensland. However, it is important to note that the median unit price is not available, indicating that the housing market in Kirkwood is predominantly focused on houses rather than units.

    Renting in Kirkwood is fairly reasonable, with the average rent for houses being $560 per week. This is in line with the median total household income, which is $2,313 per week, suggesting that housing costs are manageable for many residents. When you compare this to the average wage in Queensland, which is about $89,000 annually, Kirkwood's housing expenses appear to be within reach for those earning an average income.

    Overall, Kirkwood offers a balance between affordability and the lifestyle benefits of living in a suburban area. If you are considering living in Kirkwood, the cost of housing is relatively moderate, making it an attractive option for individuals and families looking for a more budget-friendly place to call home in Queensland.

    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 Kirkwood a good place to invest?

    Kirkwood 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 24% increase in median house values, indicating strong demand and a positive growth trajectory. This kind of capital appreciation is attractive for investors looking to benefit from rising property values.

    In terms of rental income, Kirkwood's housing market has also seen a healthy 12% increase in rent over the last 12 months. This suggests a robust rental demand, which can provide a steady income stream for property investors. However, it's worth noting that the unit market in Kirkwood hasn't shown the same level of growth, with both median values and rents remaining flat over the past year.

    Overall, Kirkwood presents a compelling opportunity for investment, especially in the housing sector. The combination of strong capital growth and increasing rental returns makes it a suburb worth considering for those looking to invest in real estate. While the unit market may not currently offer the same potential, the housing market's performance is a strong indicator of Kirkwood's investment appeal.

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Choose the right real estate agents in Kirkwood

In Kirkwood, 38 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 29.5% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.42% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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