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%