Suburb Profile Report for Woree QLD (4868)

Woree House: Median price $323,000, Annual capital growth 2.40%, Number of sales 43, Weekly median advertised rent $350

Woree Unit: Median price $141,250, Annual capital growth 1.63%, Number of sales 48, Weekly median advertised rent N/A

  • 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 2.51% which means that Woree, 4868 has done well for property investors by showing a capital gain of -9.97% over the last year

Over the longer term, Woree has seen property prices show investors a 13.33% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Woree are currently offering property investors an average price cut of -9.48% below the asking price at the moment.

Advertised rents are around the $350 mark per week – giving a return of 5.63% based on the median price in Suburb

With a capital gain of 13.91% for the last 12 months, Woree, 4868 has performed for property investments than its average annual 1.63% property growth over the last 5 years.

A -5.83% growth in median value for property investors in Woree,4868 puts this suburb at number 29th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Woree should be aiming for at least -10.16% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$323,000 $141,250
-3.58% 5.41%
-9.97% 13.91%
2.40% 1.63%
$350 N/A
43 48
5.63% N/A
91.86 102.05

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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