Suburb Profile Report for Durack QLD (4077)

Durack House: Median price $422,475, Annual capital growth 2.83%, Number of sales 60, Weekly median advertised rent $380

Durack Unit: Median price $275,000, Annual capital growth -3.92%, Number of sales 11, Weekly median advertised rent $385

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

With a capital gain of 3.04% for the last 12 months, Durack, 4077 has performed for property investments than its average annual 2.83% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Durack comes in at number 318th in QLD.

LACK OF BUYER INTEREST may well be the reason that Durack is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in QLD

On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.

With a capital gain of -11.29% for the last 12 months, Durack, 4077 has performed for property investments than its average annual -3.92% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Durack has fallen somewhat when compared to the 5 year average annual rate.

In the last year 11 properties changed hands in Durack, which puts it as the 314th most active market in QLD when comparing the number of sales per suburb.

Property investors should expect to get $385 weekly from the median priced house in this suburb.

Information supplied by:


March 2019

M
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W
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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
$422,475 $275,000
-6.12% -10.28%
3.04% -11.29%
2.83% -3.92%
$380 $385
60 11
4.68% 7.28%
66.6842105263158 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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