Suburb Profile Report for Wurtulla QLD (4575)

Wurtulla House: Median price $631,250, Annual capital growth 3.43%, Number of sales 89, Weekly median advertised rent $500

Wurtulla Unit: Median price $455,000, Annual capital growth 5.30%, 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 Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of -2.88% for the last 12 months, Wurtulla, 4575 has performed for property investments than its average annual 3.43% property growth over the last 5 years.

Wurtulla,4575 was ranked 3695 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.33% to buyers in Wurtulla at the moment, which is less than average for the rest of QLD.

Wurtulla, 4575’s gross rental yield is 4.12%

If you compare the increase in value of investment property in Wurtulla, 4575 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 16.37%.

Wurtulla,4575 was ranked 21 in Australia by increase in median property value over the quarter.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Wurtulla itself are offering an average vendor discount of -6.01% to real estate investors.

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
$631,250 $455,000
-2.88% 18.18%
-2.88% 16.37%
3.43% 5.30%
$500 $420
89 13
4.12% 4.80%
64.6 104.545454545455

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

DSR Score for property investment : Above average (H), Above average (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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