Suburb Profile Report for Woodridge QLD (4114)

Woodridge House: Median price $286,000, Annual capital growth 0.80%, Number of sales 96, Weekly median advertised rent $320

Woodridge Unit: Median price $165,000, Annual capital growth -2.33%, Number of sales 65, Weekly median advertised rent $260

  • 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.

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  • House Report
  • Unit Report

Woodridge has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -4.67% to date .

Taking the average capital gain, or increase in median house value, Woodridge,4114 has racked up an average of -4.67% over the period. This ranks it number 3266th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Woodridge is giving property investors an average Vendor Discount of around -7.61%. This puts suburb at number 187th in QLD when ranking the most discounted suburbs.

Property investors should expect to get $320 weekly from the median priced house in this suburb.

Woodridge is in the bottom 20% in QLD when comparing median price capital growth over the last year. Woodridge gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.33%.

A -11.76% growth in median value for property investors in Woodridge,4114 puts this suburb at number 154th in terms of best performing suburbs in QLD

Vendor discounting in Woodridge is giving property investors an average Vendor Discount of around -10.45%. This puts suburb at number 6th in QLD when ranking the most discounted suburbs.

Woodridge, 4114’s gross rental yield is 8.19%

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
$286,000 $165,000
2.14% 0.00%
-4.67% -8.33%
0.80% -2.33%
$320 $260
96 65
5.82% 8.19%
93.3529411764706 125.55

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)
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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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