Suburb Profile Report for Woree QLD (4868)

Woree House: Median price $323,000, Annual capital growth 2.70%, Number of sales 43, Weekly median advertised rent $350

Woree Unit: Median price $144,500, Annual capital growth 1.69%, Number of sales 42, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Woree is in the bottom 10% in QLD when comparing median price capital growth over the last year. Woree gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.28%.

Woree,4868 has offered an average of -10.28% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Woree 4868 should be seeing an average reduction in asking price of around -9.07% . This means that Woree is holding prices well when compared to other suburbs in QLD.

The QLD suburb of Woree, 4868 is in the Cairns local government area.

If you compare the increase in value of investment property in Woree, 4868 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 18.44%.

Across a shorter period, Woree, 4868 has seen a median price increase of 17.48% over the last quarter.

Property investors looking for a bargain in Woree should be aiming for at least -9.28% off the asking price, which is the average vendor discount being achieved at the moment.

HOUSE UNIT
$323,000 $144,500
-3.58% 17.48%
-10.28% 18.44%
2.70% 1.69%
$350 N/A
43 42
5.63% N/A
88 87.12

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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