Suburb Profile Report for Durack QLD (4077)

Durack House: Median price $412,500, Annual capital growth 5.33%, Number of sales 80, Weekly median advertised rent $350

Durack Unit: Median price $354,000, Annual capital growth -1.13%, Number of sales 46, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Durack, 4077 have given investors a capital gain of 6.04%. This compares favourably with the 2.38% for QLD as a whole.

The five-year average increase in median property values for Durack,4077 has given property investors a potential capital gain of 26.34% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Durack is offering property investors an average of -7.24. This rate of discount on properties puts Suburb at number 458th in terms of most discounted suburbs in QLD

In the last year 80 properties changed hands in Durack, which puts it as the 304th most active market in QLD when comparing the number of sales per suburb.

Durack has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.57% to date .

Over the longer term, Durack has seen property prices show investors a 1.14% return over the last 3 years. This is worse than over the last 12 months

With the median price for a house in Durack being $354000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.14%

Metrics i HOUSE UNIT
$412,500 $354,000
-3.51% 0.14%
6.04% 0.57%
5.33% -1.13%
$350 $350
80 46
4.41% 5.14%
60.73 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6177
Median household income ($/weekly) 939
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 745 12.1
    25-34 years 851 13.8
    35-44 years 761 12.3
    45-54 years 777 12.6
    55-64 years 640 10.4
    Others 2403 38.9
    Age Group
    Census Count Percent(%)
    Not Married 2179 47.3
    Registered Married 2088 45.3
    Defacto Relationship 339 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3373 58.0
    Papua New Guinea 242 4.2
    United Kingdom 264 4.5
    Viet Nam 885 15.2
    Other 443 7.6
    Others 613 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 853 15.1
    Christianity 3516 62.1
    Hinduism 52 0.9
    Islam 239 4.2
    No Religion 963 17.0
    Others 38 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 240 11.9
    $400-$599 288 14.3
    $600-$799 207 10.3
    $1,000-$1,249 188 9.3
    $1,500-$1,999 251 12.5
    Others 839 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2053 44.1
    Employed, worked full-time 1586 34.1
    Employed, worked part-time 657 14.1
    Unemployed, looking for work 207 4.4
    Employed, away from work 153 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 357 14.9
    Technicians & trades workers 360 15.0
    Clerical & administrative workers 317 13.2
    Machinery operators & drivers 294 12.3
    Labourers 386 16.1
    Others 682 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 57 4.7
    Infants/Primary 437 35.9
    Secondary 343 28.2
    Technical or Further Educational Institution 113 9.3
    University or other Tertiary Institutions 224 18.4
    Others 42 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4988 85.1
    Semi-detached, row or terrace house, townhouse 518 8.8
    Caravan, cabin, houseboat 282 4.8
    Flat, unit or apartment 73 1.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 690 32.0
    Fully owned 652 30.3
    Rented 560 26.0
    Other tenure type 251 11.7
    Tenure Type
Census 2011, ABS
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