If you compare the increase in value of investment property in Woree, 4868 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.42%.
Across a shorter period, Woree, 4868 has seen a median price increase of -1.93% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.23% offered to property buyers. Sellers in Woree itself are offering an average vendor discount of -9.04% to real estate investors.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.30%, without taking into account capital value appreciation, which has been averaging out at 3.67%.
At number 1479th in the list of Australian suburbs ordered by increase in median house value over the last year, Woree, 4868 is in the BOTTOM 20% with a property value increase of -6.58% recorded in median house prices.
Comparing Woree,4868 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Woree is offering property investors an average of -5.79. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in QLD