Suburb Profile Report for Wurtulla QLD (4575)

Wurtulla House: Median price $645,000, Annual capital growth 4.60%, Number of sales 95, Weekly median advertised rent $490

Wurtulla Unit: Median price $385,000, Annual capital growth 2.60%, Number of sales 13, Weekly median advertised rent $420

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

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

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  • House Report
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At number 443th in the list of Australian suburbs ordered by increase in median house value over the last year, Wurtulla, 4575 is in the top 20% with a property value increase of 10.63% recorded in median house prices.

Over the longer term, Wurtulla has seen property prices show investors a 18.89% return over the last 3 years. This is worse than over the last 12 months

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 Wurtulla, 4575. Typically our figures indicate that -4.32% is being offered, which puts this QLD suburb at 2860th most discounted overall in Australia.

At number 1893 in a list of fastest selling suburbs, Wurtulla is just in the bottom half of suburbs in Australia with an average of days on market 78.52 for properties listed there.

With the median price for a house in Wurtulla being $645000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.95%

Wurtulla has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.02% to date .

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.

LACK OF BUYER INTEREST may well be the reason that Wurtulla is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 216th in terms of most discounted suburbs in QLD

Situated 79.85km from the CBD, Wurtulla is one of Sunshine Coast (R) localities in the postcode 4575.

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
$645,000 $385,000
-0.77% -1.53%
10.63% -3.02%
4.60% 2.60%
$490 $420
95 13
3.95% 5.67%
78.52 77.6666666666667

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 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 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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