Suburb Profile Report for Warana QLD (4575)

Warana House: Median price $710,000, Annual capital growth 4.34%, Number of sales 59, Weekly median advertised rent $500

Warana Unit: Median price $385,000, Annual capital growth 2.40%, Number of sales 33, 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
  • Unit Report

QLD has seen average median house prices change by 0.88% which means that Warana, 4575 has done well for property investors by showing a capital gain of 7.58% over the last year

Taking the average capital gain, or increase in median house value, Warana,4575 has racked up an average of 7.58% over the period. This ranks it number 895th 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 Warana, 4575. Typically our figures indicate that -3.06% is being offered, which puts this QLD suburb at 3005th most discounted overall in Australia.

Property value increases in Warana have tracked higher than the QLD average of -0.13% over the last 12 months.

Across a shorter period, Warana, 4575 has seen a median price increase of 0.65% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Warana is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 214th in terms of most discounted suburbs in QLD

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 2.40%, investors should hope to achieve an overall return of 5.13%

Metrics i HOUSE UNIT
$710,000 $385,000
3.50% 0.65%
7.58% 10.00%
4.34% 2.40%
$500 $380
59 33
3.66% 5.13%
41.0816326530612 48.0526315789474

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), Good (U)
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Demographics
Total population 3510
Median household income ($/weekly) 933
Median age of persons 40
Median housing loan repayment ($/monthly) 1907
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 387 11.0
    25-34 years 455 13.0
    35-44 years 487 13.9
    45-54 years 416 11.8
    55-64 years 343 9.8
    Others 1423 40.5
    Age Group
    Census Count Percent(%)
    Registered Married 1118 44.7
    Not Married 1061 42.4
    Defacto Relationship 321 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2785 82.8
    Greece 29 0.9
    Papua New Guinea 167 5.0
    United Kingdom 197 5.9
    Other 54 1.6
    Others 131 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 1.4
    Christianity 2197 68.9
    Hinduism 4 0.1
    Other Religious Groups 15 0.5
    No Religion 925 29.0
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 132 11.1
    $400-$599 176 14.8
    $600-$799 131 11.0
    $800-$999 141 11.9
    $1,500-$1,999 140 11.8
    Others 469 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1088 39.6
    Employed, worked full-time 863 31.4
    Employed, worked part-time 572 20.8
    Unemployed, looking for work 119 4.3
    Employed, away from work 105 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 278 18.1
    Technicians & trades workers 278 18.1
    Clerical & administrative workers 202 13.1
    Sales 183 11.9
    Labourers 189 12.3
    Others 409 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 34 5.2
    Infants/Primary 255 39.1
    Secondary 176 27.0
    Technical or Further Educational Institution 60 9.2
    University or other Tertiary Institutions 94 14.4
    Others 33 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2553 80.1
    Semi-detached, row or terrace house, townhouse 605 19.0
    Flat, unit or apartment 15 0.5
    House or flat attached to a shop, office 13 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 511 38.5
    Fully owned 466 35.1
    Being purchased 337 25.4
    Other tenure type 12 0.9
    Tenure Type
Census 2011, ABS
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