Suburb Profile Report for Durack QLD (4077)

Durack House: Median price $395,000, Annual capital growth 1.45%, Number of sales 50, Weekly median advertised rent $380

Durack Unit: Median price $275,000, Annual capital growth -3.35%, Number of sales 10, Weekly median advertised rent $350

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 3798th in the list of Australian suburbs ordered by increase in median house value over the last year, Durack, 4077 is in the BOTTOM 10% with a property value increase of -11.12% recorded in median house prices.

While Durack,4077 ranked number 840th in QLD for increase in median house value (annualised) increase, it is ranked 619th over the last 5 years.

Property buyers and investors in Durack 4077 should be seeing an average reduction in asking price of around -9.49% . This means that Durack is holding prices well when compared to other suburbs in QLD.

Often selling an investment property can take time, and in Durack the average time real estate has been on the market is 72.3415 days.

With the median price for a house in Durack being $395000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.00%

At number 1398th in the list of Australian suburbs ordered by increase in median house value over the last year, Durack, 4077 is in the BOTTOM 10% with a property value increase of -13.11% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Durack,4077 has racked up an average of -13.11% over the period. This ranks it number 1488th in the whole country for real estate investors looking at median house price increases.

Situated 13.94km from the CBD, Durack is one of Brisbane (C) localities in the postcode 4077.

Information supplied by:


March 2019

M
O

W
E

Brisbane suburb provides convenience

Postcode: 4077

Median house price: $412,000

Three-year growth: 5.8%

Rental yield: 4.8%

Named for one of the original landowners in the district, the outer suburb of Durack enjoys proximity to Brisbane, being just 15km from the centre of town.

Durack has long-term potential for growth, which is evident through its positive streak from 2014-2017. Houses are reasonably affordable at under $450,000, especially given its location. It also offers landlords strong rental returns at an average of 4.8%.

Public transport is convenient, with route 110 buses going to the Brisbane CBD and the Salisbury train station being close by. Route 466 buses can also bring commuters to the Richlands station.

Despite its name, Inala State School is actually located in Durack, along with Durack Primary School and Glenala High School. There are several shopping hubs in the vicinity, with a Bunnings and a Harvey Norman only 2km away.

Metrics i HOUSE UNIT
$395,000 $275,000
-4.24% 1.29%
-11.12% -13.11%
1.45% -3.35%
$380 $350
50 10
5.00% 6.62%
72.3414634146342 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Durack QLD
Demographics
Total population 6177
Median household income ($/weekly) 939
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 745 12.1
    25-34 years 851 13.8
    35-44 years 761 12.3
    45-54 years 777 12.6
    55-64 years 640 10.4
    Others 2403 38.9
    Age Group
    Census Count Percent(%)
    Not Married 2179 47.3
    Registered Married 2088 45.3
    Defacto Relationship 339 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3373 58.0
    Papua New Guinea 242 4.2
    United Kingdom 264 4.5
    Viet Nam 885 15.2
    Other 443 7.6
    Others 613 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 853 15.1
    Christianity 3516 62.1
    Hinduism 52 0.9
    Islam 239 4.2
    No Religion 963 17.0
    Others 38 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 240 11.9
    $400-$599 288 14.3
    $600-$799 207 10.3
    $1,000-$1,249 188 9.3
    $1,500-$1,999 251 12.5
    Others 839 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2053 44.1
    Employed, worked full-time 1586 34.1
    Employed, worked part-time 657 14.1
    Unemployed, looking for work 207 4.4
    Employed, away from work 153 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 357 14.9
    Technicians & trades workers 360 15.0
    Clerical & administrative workers 317 13.2
    Machinery operators & drivers 294 12.3
    Labourers 386 16.1
    Others 682 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 57 4.7
    Infants/Primary 437 35.9
    Secondary 343 28.2
    Technical or Further Educational Institution 113 9.3
    University or other Tertiary Institutions 224 18.4
    Others 42 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4988 85.1
    Semi-detached, row or terrace house, townhouse 518 8.8
    Caravan, cabin, houseboat 282 4.8
    Flat, unit or apartment 73 1.2
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 690 32.0
    Fully owned 652 30.3
    Rented 560 26.0
    Other tenure type 251 11.7
    Tenure Type
Census 2011, ABS
Chart Table