Suburb Profile Report for Ooralea QLD (4740)

Ooralea House: Median price $450,000, Annual capital growth 0.02%, Number of sales 43, Weekly median advertised rent $450

  • 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.

  • House Report

Investment property in Ooralea has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.65%

Across a shorter period, Ooralea, 4740 has seen a median price increase of 3.45% over the last quarter.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Ooralea itself are offering an average vendor discount of -5.69% to real estate investors.

Ooralea is 275th on a list of best yielding suburbs for rents in QLD with a 5.20% return

Metrics i HOUSE UNIT
$450,000 N/A
3.45% N/A
4.65% N/A
0.02% N/A
$450 N/A
43 N/A
5.20% N/A
70 N/A

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 : Above average (H), Below average (U)
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Demographics
Total population 2601
Median household income ($/weekly) 1970
Median age of persons 33
Median housing loan repayment ($/monthly) 2500
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 300 11.5
    25-34 years 498 19.1
    35-44 years 324 12.5
    45-54 years 366 14.1
    55-64 years 288 11.1
    Others 825 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 1021 56.1
    Not Married 572 31.4
    Defacto Relationship 226 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2204 91.0
    Papua New Guinea 49 2.0
    South Africa 16 0.7
    United Kingdom 49 2.0
    Other 22 0.9
    Others 83 3.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1970 83.8
    No Religion 358 15.2
    Buddhism 14 0.6
    Other Religious Groups 5 0.2
    Hinduism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 63 8.6
    $1,500-$1,999 96 13.1
    $2,000-$2,499 91 12.4
    $2,500-$2,999 104 14.2
    $3,000-$3,499 86 11.7
    Others 293 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1064 55.0
    Not in the labour force 440 22.7
    Employed, worked part-time 310 16.0
    Employed, away from work 80 4.1
    Unemployed, looking for work 41 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 140 9.6
    Professionals 199 13.7
    Technicians & trades workers 360 24.8
    Clerical & administrative workers 225 15.5
    Machinery operators & drivers 162 11.2
    Others 366 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 24 5.4
    Infants/Primary 204 45.8
    Secondary 109 24.5
    Technical or Further Educational Institution 37 8.3
    University or other Tertiary Institutions 54 12.1
    Others 17 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2089 88.5
    Semi-detached, row or terrace house, townhouse 245 10.4
    Flat, unit or apartment 27 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 387 45.1
    Fully owned 294 34.2
    Rented 175 20.4
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table