Suburb Profile Report for Ooralea QLD (4740)

Ooralea House: Median price $418,500, Annual capital growth 1.91%, Number of sales 42, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report

At number 3563th in the list of Australian suburbs ordered by increase in median house value over the last year, Ooralea, 4740 is in the BOTTOM 20% with a property value increase of -6.17% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Ooralea,4740 has racked up an average of -6.17% over the period. This ranks it number 3887th in the whole country for real estate investors looking at median house price increases.

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 Ooralea, 4740. Typically our figures indicate that -9.41% is being offered, which puts this QLD suburb at 437th most discounted overall in Australia.

Residents and property investors in Ooralea have been waiting around 84.8 days to sell a property.

Using the current median advertised rental of $395 and the average annual increase in value of a median property of 1.91%, investors should hope to achieve an overall return of 4.91%

HOUSE UNIT
$418,500 N/A
-0.06% N/A
-6.17% N/A
1.91% N/A
$395 N/A
42 N/A
4.91% N/A
84.8 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Below average (U)
Find a mortgage broker in Ooralea QLD
Demographics
Total population 2601
Median household income ($/weekly) 1970
Median age of persons 33
Median housing loan repayment ($/monthly) 2500
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 300 11.5
    25-34 years 498 19.1
    35-44 years 324 12.5
    45-54 years 366 14.1
    55-64 years 288 11.1
    Others 825 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 1021 56.1
    Not Married 572 31.4
    Defacto Relationship 226 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2204 91.0
    Papua New Guinea 49 2.0
    South Africa 16 0.7
    United Kingdom 49 2.0
    Other 22 0.9
    Others 83 3.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1970 83.8
    No Religion 358 15.2
    Buddhism 14 0.6
    Other Religious Groups 5 0.2
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 63 8.6
    $1,500-$1,999 96 13.1
    $2,000-$2,499 91 12.4
    $2,500-$2,999 104 14.2
    $3,000-$3,499 86 11.7
    Others 293 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1064 55.0
    Not in the labour force 440 22.7
    Employed, worked part-time 310 16.0
    Employed, away from work 80 4.1
    Unemployed, looking for work 41 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 140 9.6
    Professionals 199 13.7
    Technicians & trades workers 360 24.8
    Clerical & administrative workers 225 15.5
    Machinery operators & drivers 162 11.2
    Others 366 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 24 5.4
    Infants/Primary 204 45.8
    Secondary 109 24.5
    Technical or Further Educational Institution 37 8.3
    University or other Tertiary Institutions 54 12.1
    Others 17 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2089 88.5
    Semi-detached, row or terrace house, townhouse 245 10.4
    Flat, unit or apartment 27 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 387 45.1
    Fully owned 294 34.2
    Rented 175 20.4
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals