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Median values are calculated based on data over a 12 month period.

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Market Report

In Smithfield, the median property price for a house is currently 680,000 with annual capital growth of 6.25 . There were 161 house sales in the past 12 months. On average, houses spend 25 days on market.

If you're thinking about buying an investment property in Smithfield, consider that rental yields for houses are currently 5.12 with an average median rent of 680 weekly. Houses have seen 1.49 growth in the past quarter, and 6.25 growth in the past 12 months.

The size of Smithfield is approximately 13.1 square kilometres. It has 14 parks covering nearly 31.2% of total area. The population of Smithfield in 2011 was 3,707 people. By 2016 the population was 5,304 showing a population growth of 43.1% in the area during that time. The predominant age group in Smithfield is 20-29 years.

Households in Smithfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Smithfield work in a professional occupation. In 2011, 63.7% of the homes in Smithfield were owner-occupied compared with 63.3% in 2016.

In Smithfield, the median property price for a unit is currently 370,000 with annual capital growth of 14.55 . There were 13 unit sales in the past 12 months. On average, units spend 26 days on market.

If you're thinking about buying an investment property in Smithfield, consider that rental yields for units are currently 6.98 with an average median rent of 400 weekly. Units have seen 7.25 growth in the past quarter, and 14.55 growth in the past 12 months.

The size of Smithfield is approximately 13.1 square kilometres. It has 14 parks covering nearly 31.2% of total area. The population of Smithfield in 2011 was 3,707 people. By 2016 the population was 5,304 showing a population growth of 43.1% in the area during that time. The predominant age group in Smithfield is 20-29 years.

Households in Smithfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Smithfield work in a professional occupation. In 2011, 63.7% of the homes in Smithfield were owner-occupied compared with 63.3% in 2016.

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Key Market Data House Unit
Median price 680,000 370,000
Quarterly growth +1.49 +7.25
12-month growth +6.25 +14.55
Average annual growth +9.10 +13.15
Weekly median rent 680 400
Gross rental yield 5.12 6.98
Number of Sales (12m) 161 13
Avg. Days on Market (12m) 25 26
Jump to Market Trends
Key Demographics 2011 2016
Total population 3,707 5,304
Population change (5y) +20.59 +43.10
Median household income (p/w) 1,238 1,605
Household income change (5y) +8.79 +29.64
Median age of persons 35 34
Jump to Demographics Trends
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