Suburb Profile Report for Willowbank QLD (4306)

Willowbank House: Median price $315,000, Annual capital growth 1.79%, Number of sales 14, Weekly median advertised rent $380

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

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

  • House Report

Property investors who have had real estate in Willowbank, 4306 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.89%

Taking the average capital gain, or increase in median house value, Willowbank,4306 has racked up an average of -11.89% over the period. This ranks it number 2527th in the whole country for real estate investors looking at median house price increases.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.03% offered to property buyers. Sellers in Willowbank itself are offering an average vendor discount of -5.44% to real estate investors.

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

Advertised rents are around the $380 mark per week – giving a return of 6.27% based on the median price in Suburb

Metrics i HOUSE UNIT
$315,000 N/A
-3.60% N/A
-11.89% N/A
1.79% N/A
$380 N/A
14 N/A
6.27% N/A
70.5 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. 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 1254
Median household income ($/weekly) 987
Median age of persons 38
Median housing loan repayment ($/monthly) 1430
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 181 14.4
    25-34 years 153 12.2
    35-44 years 194 15.5
    45-54 years 186 14.8
    55-64 years 179 14.3
    Others 360 28.7
    Age Group
    Census Count Percent(%)
    Registered Married 462 51.2
    Not Married 352 39.0
    Defacto Relationship 89 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1070 90.4
    Croatia 6 0.5
    Malta 9 0.8
    Papua New Guinea 25 2.1
    United Kingdom 48 4.1
    Others 25 2.1
    Country of Birth
    Census Count Percent(%)
    Christianity 845 75.4
    No Religion 269 24.0
    Buddhism 3 0.3
    Other Religious Groups 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 57 13.4
    $600-$799 50 11.8
    $800-$999 42 9.9
    $1,500-$1,999 58 13.6
    $2,000-$2,499 50 11.8
    Others 168 39.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 358 39.0
    Not in the labour force 322 35.0
    Employed, worked part-time 162 17.6
    Unemployed, looking for work 44 4.8
    Employed, away from work 33 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 100 18.0
    Community & personal service workers 63 11.4
    Clerical & administrative workers 92 16.6
    Machinery operators & drivers 73 13.2
    Labourers 75 13.5
    Others 152 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 13 5.3
    Infants/Primary 121 49.2
    Secondary 75 30.5
    Technical or Further Educational Institution 17 6.9
    University or other Tertiary Institutions 13 5.3
    Others 7 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 965 82.1
    Caravan, cabin, houseboat 211 17.9
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 176 37.8
    Rented 159 34.2
    Fully owned 127 27.3
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table