Suburb Profile Report for Woorim QLD (4507)

Woorim House: Median price $515,000, Annual capital growth 2.45%, Number of sales 36, Weekly median advertised rent $360

Woorim Unit: Median price $345,000, Annual capital growth -2.07%, Number of sales 39, Weekly median advertised rent $333

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.44% which means that Woorim, 4507 has done well for property investors by showing a capital gain of 13.19% over the last year

Across a shorter period, Woorim, 4507 has seen a median price increase of 0.98% over the last quarter.

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 Woorim, 4507. Typically our figures indicate that -9.61% is being offered, which puts this QLD suburb at 361th most discounted overall in Australia.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 3.63%

Woorim, 4507 ranked 80th in QLD when comparing growth in median property values or capital gain over the last 12 months. Woorim is one of 2415 in our list for QLD

Over the longer term, Woorim has seen property prices show investors a 19.58% return over the last 3 years. This is worse than over the last 12 months

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.08% offered to property buyers. Sellers in Woorim itself are offering an average vendor discount of -7.17% to real estate investors.

Advertised rents are around the $332.5 mark per week – giving a return of 5.01% based on the median price in Suburb

Metrics i HOUSE UNIT
$515,000 $345,000
0.98% -1.43%
13.19% 7.81%
2.45% -2.07%
$360 $333
36 39
3.63% 5.01%
83.94 114.93

Source: CoreLogic

DSR Score for property investment : Balanced (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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