Suburb Profile Report for Woodridge QLD (4114)

Woodridge House: Median price $298,250, Annual capital growth 1.39%, Number of sales 93, Weekly median advertised rent $320

Woodridge Unit: Median price $165,000, Annual capital growth -1.63%, Number of sales 65, Weekly median advertised rent $265

  • 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

Woodridge has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.21% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Woodridge comes in at number 652th in QLD.

LACK OF BUYER INTEREST may well be the reason that Woodridge is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 222th in terms of most discounted suburbs in QLD

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.58%, without taking into account capital value appreciation, which has been averaging out at 1.39%.

Woodridge has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -12.00% to date .

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

Woodridge, 4114 is offering QLD ‘s 13th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.

Advertised rents are around the $265 mark per week – giving a return of 8.35% based on the median price in Suburb

Information supplied by:




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Woodridge, QLD – Incredible rental returns

Postcode: 4114

Median unit price: $180,000

Three-year growth: -7.5%

Rental yield: 7.7%

Woodridge is a large suburb of the Logan LGA that used to be part of the Tingalpa Shire. It was originally earmarked as a timber reserve in the early 1870s.

Today, it is a thriving South Brisbane suburb that is home to schools like St Paul’s Primary School, Woodridge State High school and Harris Fields State School. The Woodridge railway station is a stop on the Queensland Rail City network, although it is located in the Logan Central CBD rather than Woodridge itself. The proximity of the CBD provides access to the Logan City council offices and the Logan Art Gallery.

Woodridge will certainly catch the attention of investors through its high average yield pf 7.7%.

Metrics i HOUSE UNIT
$298,250 $165,000
-1.24% -4.62%
-2.21% -12.00%
1.39% -1.63%
$320 $265
93 65
5.58% 8.35%
97.1168831168831 91.8979591836735

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 : Balanced (H), Above average (U)
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Demographics
Total population 12787
Median household income ($/weekly) 806
Median age of persons 30
Median housing loan repayment ($/monthly) 1300
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1990 15.6
    25-34 years 1969 15.4
    35-44 years 1631 12.8
    45-54 years 1452 11.4
    55-64 years 1265 9.9
    Others 4480 35.0
    Age Group
    Census Count Percent(%)
    Not Married 4744 54.4
    Registered Married 3109 35.7
    Defacto Relationship 865 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6905 58.6
    Indonesia 190 1.6
    Papua New Guinea 1169 9.9
    United Kingdom 418 3.5
    Other 1946 16.5
    Others 1156 9.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 239 2.1
    Christianity 7475 66.5
    Hinduism 147 1.3
    Islam 842 7.5
    No Religion 2419 21.5
    Others 124 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 589 15.0
    $600-$799 634 16.2
    $800-$999 462 11.8
    $1,000-$1,249 433 11.0
    $1,500-$1,999 387 9.9
    Others 1415 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3950 44.7
    Employed, worked full-time 2664 30.2
    Employed, worked part-time 1246 14.1
    Unemployed, looking for work 681 7.7
    Employed, away from work 290 3.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 593 14.1
    Community & personal service workers 469 11.2
    Clerical & administrative workers 518 12.3
    Machinery operators & drivers 645 15.4
    Labourers 937 22.3
    Others 1037 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 196 6.6
    Infants/Primary 1156 39.2
    Secondary 783 26.6
    Technical or Further Educational Institution 404 13.7
    University or other Tertiary Institutions 271 9.2
    Others 139 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8242 68.8
    Semi-detached, row or terrace house, townhouse 2435 20.3
    Flat, unit or apartment 1296 10.8
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2454 58.0
    Being purchased 1015 24.0
    Fully owned 740 17.5
    Other tenure type 25 0.6
    Tenure Type
Census 2011, ABS
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