Suburb Profile Report for White Rock QLD (4868)

White Rock House: Median price $347,500, Annual capital growth 2.46%, Number of sales 90, Weekly median advertised rent $410

White Rock Unit: Median price $250,500, Annual capital growth 0.12%, Number of sales 41, Weekly median advertised rent $380

  • 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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White Rock is an average performer in QLD when comparing median price capital growth over the last year. White Rock gave property investors a good capital gain figure when compared to the rest of the state, with 14.40%.

If we look at median property appreciation over just the last three months, White Rock has given property investors a paper return of 2.21%. This puts Suburb as 635 on a list of fastest fasting appreciating suburbs in QLD

Our latest figures would indicate that property sellers in White Rock are currently offering property investors an average price cut of -2.82% below the asking price at the moment.

Residents and property investors in White Rock have been waiting around 43.1 days to sell a property.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 6.14%, without taking into account capital value appreciation, which has been averaging out at 2.46%.

White Rock is an average performer in QLD when comparing median price capital growth over the last year. White Rock gave property investors a good capital gain figure when compared to the rest of the state, with 13.35%.

Over the longer term, White Rock has seen property prices show investors a -7.22% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -3.49% to buyers in White Rock at the moment, which is less than average for the rest of QLD.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 0.12%, investors should hope to achieve an overall return of 7.89%

Information supplied by:


March 2019

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Unit values slip

Postcode: 4868

Median unit price: $270,000

Three-year growth: 11.7%

Rental yield: 6.7%

Right next to Skeleton Creek and Smiths Creek in the Cairns region is the suburb of White Rock. This highly accessible suburb is also bordered by the Bruce Highway and the North Coast railway line.

The suburb held a steady pattern of positive growth until the 2017-2018 period. The unit market is attractive for buyers on a budget, as White Rock’s median price is currently at under $300,000. Investors can also reap a high average yield of 6.7%.

The suburb was named for White Rock Peak in the nearby Freshwater Creek State Forest. For many families, it’s an ideal place to rear children given the safe neighbourhood, many parks, and schools in the area, including Trinity Anglican School and White Rock State School. Mount Sheridan Shopping Centre is only 5 minutes away by car, and the Cairns CBD is just 10km north.

Metrics i HOUSE UNIT
$347,500 $250,500
2.21% 3.30%
14.40% 13.35%
2.46% 0.12%
$410 $380
90 41
6.14% 7.89%
43.1 68.1071428571429

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 : Good (U), Very good (H)
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Demographics
Total population 4490
Median household income ($/weekly) 1062
Median age of persons 33
Median housing loan repayment ($/monthly) 1517
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 703 15.7
    25-34 years 589 13.1
    35-44 years 662 14.7
    45-54 years 578 12.9
    55-64 years 484 10.8
    Others 1474 32.8
    Age Group
    Census Count Percent(%)
    Not Married 1349 45.5
    Registered Married 1133 38.2
    Defacto Relationship 485 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3308 80.2
    Papua New Guinea 153 3.7
    Philippines 60 1.5
    United Kingdom 160 3.9
    Other 205 5.0
    Others 239 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 1.1
    Christianity 2816 71.8
    Islam 17 0.4
    Other Religious Groups 48 1.2
    No Religion 991 25.3
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 175 13.1
    $600-$799 156 11.7
    $800-$999 144 10.8
    $1,250-$1,499 154 11.5
    $1,500-$1,999 202 15.1
    Others 503 37.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1201 38.3
    Not in the labour force 1036 33.0
    Employed, worked part-time 580 18.5
    Unemployed, looking for work 187 6.0
    Employed, away from work 131 4.2
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 309 16.2
    Community & personal service workers 225 11.8
    Clerical & administrative workers 301 15.7
    Sales 238 12.4
    Labourers 256 13.4
    Others 583 30.5
    Occupation
    Census Count Percent(%)
    Pre-school 62 6.5
    Infants/Primary 395 41.4
    Secondary 328 34.4
    Technical or Further Educational Institution 64 6.7
    University or other Tertiary Institutions 84 8.8
    Others 21 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3407 82.9
    Flat, unit or apartment 355 8.6
    Semi-detached, row or terrace house, townhouse 325 7.9
    Caravan, cabin, houseboat 21 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 645 43.0
    Being purchased 550 36.7
    Fully owned 274 18.3
    Other tenure type 31 2.1
    Tenure Type
Census 2011, ABS
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