Suburb Profile Report for Wurtulla QLD (4575)

Wurtulla House: Median price $785,000, Annual capital growth 6.10%, Number of sales 115, Weekly median advertised rent $550

Wurtulla Unit: Median price $429,000, Annual capital growth 5.87%, Number of sales 25, Weekly median advertised rent $490

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Investment property in Wurtulla has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 26.61%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wurtulla has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -2.98% to buyers in Wurtulla at the moment, which is less than average for the rest of QLD.

Wurtulla has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.13% to date .

Across a shorter period, Wurtulla, 4575 has seen a median price increase of 3.13% over the last quarter.

Often selling an investment property can take time, and in Wurtulla the average time real estate has been on the market is 35.5294 days.

Renters in Suburb are facing rents around $25480 per annum or $490 every week.

Information supplied by:


April 2019

M
O

W
E

Unit market recovers with strong returns

Postcode: 4575

Median unit price: $384,000

Three-year growth: -1.5%

Rental yield: 5.7%

The suburb of Wurtulla, which lies within the urban centre of Kawana Waters, enjoys a favourable location not only within a CBD, but within the thriving Sunshine Coast region.

After experiencing a stumble in the three years to January 2019, Wurtulla’s unit market looks to be back on track, recording price increases in the past year to bring the median value to $384,000. Rental yields are also quite strong at an average of 5.7%.

First named in the 1970s by employees of the Kawana Estates development, Wurtulla is a local Aboriginal term meaning “southward”. Those living in this area enjoy proximity to beaches and to parks, making it an ideal spot for families with kids.

The Caloundra and Kawana shopping centres are just a short drive away, and there are some smaller shopping hubs in the vicinity as well.

Metrics i HOUSE UNIT
$785,000 $429,000
8.43% 3.13%
26.61% 3.13%
6.10% 5.87%
$550 $490
115 25
3.64% 5.94%
39.0789473684211 35.5294117647059

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 5586
Median household income ($/weekly) 1028
Median age of persons 39
Median housing loan repayment ($/monthly) 1846
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 744 13.3
    25-34 years 626 11.2
    35-44 years 738 13.2
    45-54 years 782 14.0
    55-64 years 622 11.1
    Others 2075 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 2156 52.2
    Not Married 1501 36.3
    Defacto Relationship 475 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4576 85.4
    Greece 33 0.6
    Papua New Guinea 227 4.2
    United Kingdom 271 5.1
    Other 80 1.5
    Others 169 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 1.1
    Christianity 3675 71.4
    Hinduism 8 0.2
    Other Religious Groups 13 0.3
    No Religion 1384 26.9
    Others 11 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 245 13.2
    $600-$799 235 12.6
    $800-$999 192 10.3
    $1,000-$1,249 162 8.7
    $1,500-$1,999 250 13.4
    Others 777 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1671 38.9
    Employed, worked full-time 1374 32.0
    Employed, worked part-time 909 21.1
    Unemployed, looking for work 192 4.5
    Employed, away from work 153 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 270 11.1
    Professionals 405 16.6
    Technicians & trades workers 435 17.8
    Clerical & administrative workers 340 13.9
    Sales 314 12.9
    Others 674 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 68 5.9
    Infants/Primary 482 42.2
    Secondary 331 29.0
    Technical or Further Educational Institution 78 6.8
    University or other Tertiary Institutions 149 13.0
    Others 35 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4999 93.6
    Semi-detached, row or terrace house, townhouse 332 6.2
    Flat, unit or apartment 9 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 768 37.6
    Being purchased 679 33.3
    Rented 590 28.9
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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