Suburb Profile Report for Chuwar QLD (4306)

Chuwar House: Median price $501,500, Annual capital growth 1.32%, Number of sales 32, Weekly median advertised rent $400

  • 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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At number 3341th in the list of Australian suburbs ordered by increase in median house value over the last year, Chuwar, 4306 is in the BOTTOM 20% with a property value increase of -5.15% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Chuwar,4306 has racked up an average of -5.15% over the period. This ranks it number 2142th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Chuwar, 4306. Typically our figures indicate that -4.61% is being offered, which puts this QLD suburb at 2485th most discounted overall in Australia.

Advertised rents are around the $400 mark per week – giving a return of 4.15% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
May 2016

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While it’s less than 30km from Brisbane and 10km from Ipswich, Chuwar hasn’t experienced the favourable conditions seen in those markets in recent years.

According to CoreLogic RP Data, the median house price in Chuwar sits at $479,500 but has only increased 2% over the past five years.

It appears buyers have taken note of that stagnation as well, with houses taking on average 113 days to sell and vendors willing to offer an average discount of 7%.

Figures from Real Estate Investar also seem to show some buyer disinterest, as the level of stock on market has remained the same over the past 12 months.

The suburb may have suffered in recent years due to its lack of amenities.

Unfortunately, public transport is currently almost non-existent in Chuwar, while there are no schooling or healthcare options either.
Metrics i HOUSE UNIT
$501,500 N/A
4.48% N/A
-5.15% N/A
1.32% N/A
$400 N/A
32 N/A
4.15% N/A
67.2222222222222 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 : Good (H), Above average (U)
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Demographics
Total population 1876
Median household income ($/weekly) 1876
Median age of persons 34
Median housing loan repayment ($/monthly) 1733
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 336 17.9
    25-34 years 194 10.3
    35-44 years 263 14.0
    45-54 years 359 19.1
    55-64 years 214 11.4
    Others 510 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 781 58.0
    Not Married 429 31.8
    Defacto Relationship 137 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1550 85.2
    Papua New Guinea 49 2.7
    South Africa 33 1.8
    United Kingdom 122 6.7
    Other 26 1.4
    Others 40 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1342 78.0
    No Religion 358 20.8
    Buddhism 9 0.5
    Islam 9 0.5
    Other Religious Groups 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 41 8.1
    $1,500-$1,999 83 16.4
    $2,000-$2,499 76 15.0
    $2,500-$2,999 57 11.2
    $3,000-$3,499 55 10.8
    Others 195 38.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 632 45.8
    Not in the labour force 323 23.4
    Employed, worked part-time 313 22.7
    Employed, away from work 61 4.4
    Unemployed, looking for work 51 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 111 11.0
    Professionals 184 18.3
    Technicians & trades workers 161 16.0
    Clerical & administrative workers 188 18.7
    Sales 99 9.8
    Others 263 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 19 3.4
    Infants/Primary 227 40.2
    Secondary 178 31.6
    Technical or Further Educational Institution 41 7.3
    University or other Tertiary Institutions 88 15.6
    Others 11 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1741 95.3
    Semi-detached, row or terrace house, townhouse 85 4.7
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 292 52.3
    Fully owned 156 28.0
    Rented 110 19.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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