Suburb Profile Report for Woorim QLD (4507)

Woorim House: Median price $507,500, Annual capital growth 2.73%, Number of sales 26, Weekly median advertised rent $370

Woorim Unit: Median price $345,000, Annual capital growth 1.71%, Number of sales 36, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

Woorim has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 15.08% to date .

A 31.29% growth in median value for property investors in Woorim,4507 puts this suburb at number 586th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Woorim should be aiming for at least -9.33% off the asking price, which is the average vendor discount being achieved at the moment.

Woorim is in the TOP 30% in QLD when comparing median price capital growth over the last year. Woorim gave property investors a good capital gain figure when compared to the rest of the state, with 7.81%.

While Woorim,4507 ranked number 20th in QLD for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.

The most recent median price for Woorim is $345000, with sellers offering an average of -6.99% off the asking price.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 1.71%.

Metrics i HOUSE UNIT
$507,500 $345,000
-0.49% 6.98%
15.08% 7.81%
2.73% 1.71%
$370 $330
26 36
3.79% 4.97%
85.11 128.71

Source: CoreLogic

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