Suburb Profile Report for Woree QLD (4868)

Woree House: Median price $343,250, Annual capital growth 3.67%, Number of sales 46, Weekly median advertised rent $350

Woree Unit: Median price $122,375, Annual capital growth -1.00%, Number of sales 49, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$343,250 $122,375
-1.93% -0.41%
-2.42% -6.58%
3.67% -1.00%
$350 N/A
46 49
5.30% N/A
72.95 88.87

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 4826
Median household income ($/weekly) 872
Median age of persons 33
Median housing loan repayment ($/monthly) 1408
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 665 13.8
    25-34 years 700 14.5
    35-44 years 633 13.1
    45-54 years 577 12.0
    55-64 years 553 11.5
    Others 1698 35.2
    Age Group
    Census Count Percent(%)
    Not Married 1625 52.1
    Registered Married 1069 34.3
    Defacto Relationship 427 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3338 79.5
    Papua New Guinea 153 3.6
    Philippines 135 3.2
    United Kingdom 134 3.2
    Other 217 5.2
    Others 224 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 1.1
    Christianity 2953 73.3
    Islam 34 0.8
    Other Religious Groups 46 1.1
    No Religion 945 23.4
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 217 14.4
    $600-$799 203 13.4
    $800-$999 169 11.2
    $1,000-$1,249 160 10.6
    $1,500-$1,999 153 10.1
    Others 609 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1221 37.7
    Not in the labour force 1096 33.8
    Employed, worked part-time 554 17.1
    Unemployed, looking for work 241 7.4
    Employed, away from work 129 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 230 12.1
    Technicians & trades workers 321 16.9
    Clerical & administrative workers 277 14.6
    Sales 238 12.5
    Labourers 270 14.2
    Others 567 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 38 4.4
    Infants/Primary 365 42.2
    Secondary 249 28.8
    Technical or Further Educational Institution 88 10.2
    University or other Tertiary Institutions 99 11.5
    Others 25 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2393 57.5
    Flat, unit or apartment 1280 30.8
    Semi-detached, row or terrace house, townhouse 399 9.6
    Caravan, cabin, houseboat 89 2.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 921 54.3
    Being purchased 416 24.5
    Fully owned 356 21.0
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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