Suburb Profile Report for Woorim QLD (4507)

Woorim House: Median price $510,000, Annual capital growth 2.68%, Number of sales 25, Weekly median advertised rent $368

Woorim Unit: Median price $333,000, Annual capital growth 0.37%, Number of sales 35, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 18.33% for the last 12 months, Woorim, 4507 has performed for property investments than its average annual 2.68% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Woorim has increased when compared to the 5 year average annual rate.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.24% offered to property buyers. Sellers in Woorim itself are offering an average vendor discount of -9.08% to real estate investors.

In the last year 25 properties changed hands in Woorim, which puts it as the 644th most active market in QLD when comparing the number of sales per suburb.

Property value increases in Woorim have tracked just lower than the QLD average of 0.65% over the last 12 months.

While Woorim,4507 ranked number 38th in QLD for increase in median house value (annualised) increase, it is ranked 182th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Woorim is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 79th in terms of most discounted suburbs in QLD

In the last year 35 properties changed hands in Woorim, which puts it as the 229th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 0.37%, investors should hope to achieve an overall return of 5.15%

Metrics i HOUSE UNIT
$510,000 $333,000
-5.12% 4.06%
18.33% -1.33%
2.68% 0.37%
$368 $330
25 35
3.75% 5.15%
80 117.36

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 1765
Median household income ($/weekly) 679
Median age of persons 55
Median housing loan repayment ($/monthly) 1500
Average household size 2
  • Census Count Percent(%)
    35-44 years 167 9.5
    45-54 years 225 12.7
    55-64 years 336 19.0
    65-74 years 346 19.6
    75-84 years 168 9.5
    Others 523 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 614 46.1
    Not Married 600 45.1
    Defacto Relationship 117 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1244 78.5
    New Zealand 14 0.9
    Papua New Guinea 78 4.9
    United Kingdom 128 8.1
    Other 56 3.5
    Others 65 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.8
    Christianity 1088 71.9
    Hinduism 31 2.0
    Islam 8 0.5
    No Religion 369 24.4
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 96 13.3
    $400-$599 164 22.8
    $600-$799 111 15.4
    $800-$999 72 10.0
    $1,000-$1,249 51 7.1
    Others 226 31.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 802 57.2
    Employed, worked full-time 278 19.8
    Employed, worked part-time 219 15.6
    Unemployed, looking for work 63 4.5
    Employed, away from work 39 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 102 19.0
    Technicians & trades workers 80 14.9
    Community & personal service workers 81 15.1
    Sales 63 11.7
    Labourers 71 13.2
    Others 141 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 10 3.8
    Infants/Primary 94 36.0
    Secondary 87 33.3
    Technical or Further Educational Institution 36 13.8
    University or other Tertiary Institutions 25 9.6
    Others 9 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1112 70.8
    Flat, unit or apartment 308 19.6
    Caravan, cabin, houseboat 113 7.2
    Semi-detached, row or terrace house, townhouse 38 2.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 337 44.1
    Rented 313 41.0
    Being purchased 105 13.7
    Other tenure type 9 1.2
    Tenure Type
Census 2011, ABS
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