Suburb Profile Report for Woorim QLD (4507)

Woorim House: Median price $500,000, Annual capital growth 1.34%, Number of sales 46, Weekly median advertised rent $390

Woorim Unit: Median price $405,000, Annual capital growth 3.75%, Number of sales 27, Weekly median advertised rent $335

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Woorim, 4507 ranked 750th in QLD when comparing growth in median property values or capital gain over the last 12 months. Woorim is one of 2415 in our list for QLD

Across a shorter period, Woorim, 4507 has seen a median price increase of 0.00% over the last quarter.

Property buyers and investors in Woorim 4507 should be seeing an average reduction in asking price of around -9.32% . This means that Woorim is holding prices well when compared to other suburbs in QLD.

Giving property investors a an unimpressive capital gain of -2.64% for the last year, Woorim, 4507 is the 924th highest performer in Australia in this respect.

The five-year average increase in median property values for Woorim,4507 has given property investors a potential capital gain of 16.71% across each of those five years.

Vendor discounting in Woorim is giving property investors an average Vendor Discount of around -7.41%. This puts suburb at number 42th in QLD when ranking the most discounted suburbs.

A $335 per week rent on the median house gives suburb investors a gross yield of circa 4.30%, without taking into account capital value appreciation, which has been averaging out at 3.75%.

Metrics i HOUSE UNIT
$500,000 $405,000
0.00% 0.00%
-7.41% -2.64%
1.34% 3.75%
$390 $335
46 27
4.06% 4.30%
129.842105263158 155.444444444444

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 1765
Median household income ($/weekly) 679
Median age of persons 55
Median housing loan repayment ($/monthly) 1500
Average household size 2
  • Census Count Percent(%)
    35-44 years 167 9.5
    45-54 years 225 12.7
    55-64 years 336 19.0
    65-74 years 346 19.6
    75-84 years 168 9.5
    Others 523 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 614 46.1
    Not Married 600 45.1
    Defacto Relationship 117 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1244 78.5
    New Zealand 14 0.9
    Papua New Guinea 78 4.9
    United Kingdom 128 8.1
    Other 56 3.5
    Others 65 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.8
    Christianity 1088 71.9
    Hinduism 31 2.0
    Islam 8 0.5
    No Religion 369 24.4
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 96 13.3
    $400-$599 164 22.8
    $600-$799 111 15.4
    $800-$999 72 10.0
    $1,000-$1,249 51 7.1
    Others 226 31.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 802 57.2
    Employed, worked full-time 278 19.8
    Employed, worked part-time 219 15.6
    Unemployed, looking for work 63 4.5
    Employed, away from work 39 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 102 19.0
    Technicians & trades workers 80 14.9
    Community & personal service workers 81 15.1
    Sales 63 11.7
    Labourers 71 13.2
    Others 141 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 10 3.8
    Infants/Primary 94 36.0
    Secondary 87 33.3
    Technical or Further Educational Institution 36 13.8
    University or other Tertiary Institutions 25 9.6
    Others 9 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1112 70.8
    Flat, unit or apartment 308 19.6
    Caravan, cabin, houseboat 113 7.2
    Semi-detached, row or terrace house, townhouse 38 2.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 337 44.1
    Rented 313 41.0
    Being purchased 105 13.7
    Other tenure type 9 1.2
    Tenure Type
Census 2011, ABS
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