Suburb Profile Report for Urangan QLD (4655)

Urangan House: Median price $325,000, Annual capital growth 1.21%, Number of sales 199, Weekly median advertised rent $320

Urangan Unit: Median price $255,000, Annual capital growth -1.40%, Number of sales 96, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2097th in the list of Australian suburbs ordered by increase in median house value over the last year, Urangan, 4655 is in the BOTTOM 50% with a property value increase of 4.50% recorded in median house prices.

Across a shorter period, Urangan, 4655 has seen a median price increase of 1.56% over the last quarter.

Property investors looking for a bargain in Urangan should be aiming for at least -6.68% off the asking price, which is the average vendor discount being achieved at the moment.

QLD has seen average median house prices change by 0.98% which means that Urangan, 4655 has done well for property investors by showing a capital gain of -5.56% over the last year

If we look at median property appreciation over just the last three months, Urangan has given property investors a paper return of -0.29%. This puts Suburb as 191 on a list of fastest fasting appreciating suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Urangan is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in QLD

A $315 per week rent on the median house gives suburb investors a gross yield of circa 6.42%, without taking into account capital value appreciation, which has been averaging out at -1.40%.

HOUSE UNIT
$325,000 $255,000
1.56% -0.29%
4.50% -5.56%
1.21% -1.40%
$320 $315
199 96
5.12% 6.42%
108.36 112.51

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 9168
Median household income ($/weekly) 713
Median age of persons 46
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1077 11.7
    35-44 years 1059 11.6
    45-54 years 1242 13.5
    55-64 years 1398 15.2
    65-74 years 1321 14.4
    Others 3071 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 3280 48.3
    Not Married 2813 41.4
    Defacto Relationship 702 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7140 81.7
    Greece 80 0.9
    Papua New Guinea 362 4.1
    United Kingdom 630 7.2
    Other 175 2.0
    Others 352 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 97 1.2
    Christianity 6035 72.6
    Islam 9 0.1
    Other Religious Groups 41 0.5
    No Religion 2128 25.6
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 406 12.2
    $400-$599 725 21.7
    $600-$799 506 15.2
    $800-$999 373 11.2
    $1,000-$1,249 275 8.2
    Others 1053 31.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3825 53.0
    Employed, worked full-time 1609 22.3
    Employed, worked part-time 1122 15.5
    Unemployed, looking for work 426 5.9
    Employed, away from work 240 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 444 14.9
    Technicians & trades workers 445 15.0
    Community & personal service workers 432 14.5
    Clerical & administrative workers 338 11.4
    Labourers 436 14.7
    Others 876 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 93 5.6
    Infants/Primary 650 39.3
    Secondary 545 32.9
    Technical or Further Educational Institution 164 9.9
    University or other Tertiary Institutions 153 9.2
    Others 50 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7151 83.4
    Semi-detached, row or terrace house, townhouse 537 6.3
    Flat, unit or apartment 728 8.5
    Caravan, cabin, houseboat 150 1.7
    House or flat attached to a shop, office 7 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1458 39.9
    Fully owned 1403 38.4
    Being purchased 766 21.0
    Other tenure type 25 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals