Suburb Profile Report for Durack QLD (4077)

Durack House: Median price $427,500, Annual capital growth 5.81%, Number of sales 70, Weekly median advertised rent $360

Durack Unit: Median price $353,500, Annual capital growth -3.02%, Number of sales 44, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Durack have tracked higher than the QLD average of 1.88% over the last 12 months.

Durack,4077 has offered an average of 9.90% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Durack, 4077. Typically our figures indicate that -4.79% is being offered, which puts this QLD suburb at 2723th most discounted overall in Australia.

On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.38%, without taking into account capital value appreciation, which has been averaging out at 5.81%.

At number 998th in the list of Australian suburbs ordered by increase in median house value over the last year, Durack, 4077 is in the BOTTOM 50% with a property value increase of 1.00% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Durack comes in at number 253th in QLD.

HOUSE UNIT
$427,500 $353,500
8.23% 0.14%
9.90% 1.00%
5.81% -3.02%
$360 $365
70 44
4.38% 5.37%
36.7 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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