Suburb Profile Report for White Rock QLD (4868)

White Rock House: Median price $305,000, Annual capital growth 1.16%, Number of sales 65, Weekly median advertised rent $380

White Rock Unit: Median price $218,500, Annual capital growth -1.94%, Number of sales 18, Weekly median advertised rent $360

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 899th in the list of Australian suburbs ordered by increase in median house value over the last year, White Rock, 4868 is in the top 30% with a property value increase of 5.17% recorded in median house prices.

A 3.39% growth in median value for property investors in White Rock,4868 puts this suburb at number 200th in terms of best performing suburbs in QLD

Property buyers and investors in White Rock 4868 should be seeing an average reduction in asking price of around -7.65% . This means that White Rock is holding prices well when compared to other suburbs in QLD.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 1.16%, investors should hope to achieve an overall return of 6.48%

White Rock, 4868 ranked 311th in QLD when comparing growth in median property values or capital gain over the last 12 months. White Rock is one of 2415 in our list for QLD

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

Advertised rents are around the $360 mark per week – giving a return of 8.57% based on the median price in Suburb

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
$305,000 $218,500
1.67% -29.52%
5.17% -19.07%
1.16% -1.94%
$380 $360
65 18
6.48% 8.57%
77.2407407407408 90.0714285714286

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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