Suburb Profile Report for Woree QLD (4868)

Woree House: Median price $302,000, Annual capital growth -0.94%, Number of sales 26, Weekly median advertised rent $380

Woree Unit: Median price $125,000, Annual capital growth -2.32%, Number of sales 49, Weekly median advertised rent N/A

  • 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.

  • House Report
  • Unit Report

With a capital gain of 0.67% for the last 12 months, Woree, 4868 has performed for property investments than its average annual -0.94% property growth over the last 5 years.

The five-year average increase in median property values for Woree,4868 has given property investors a potential capital gain of -11.82% across each of those five years.

Our latest figures would indicate that property sellers in Woree are currently offering property investors an average price cut of -7.13% below the asking price at the moment.

If you compare the increase in value of investment property in Woree, 4868 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 4.60%.

Over the longer term, Woree has seen property prices show investors a -15.54% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Woree is offering property investors an average of -6.15. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in QLD

At number 934 in a list of fastest selling suburbs, Woree is in the bottom 40% of suburbs in Australia with an average of days on market 89.6296 for properties listed there.

Metrics i HOUSE UNIT
$302,000 $125,000
-0.82% -12.28%
0.67% 4.60%
-0.94% -2.32%
$380 N/A
26 49
6.54% N/A
54.5652173913044 89.6296296296296

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 : Good (H), Balanced (U)
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Demographics
Total population 4826
Median household income ($/weekly) 872
Median age of persons 33
Median housing loan repayment ($/monthly) 1408
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 665 13.8
    25-34 years 700 14.5
    35-44 years 633 13.1
    45-54 years 577 12.0
    55-64 years 553 11.5
    Others 1698 35.2
    Age Group
    Census Count Percent(%)
    Not Married 1625 52.1
    Registered Married 1069 34.3
    Defacto Relationship 427 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3338 79.5
    Papua New Guinea 153 3.6
    Philippines 135 3.2
    United Kingdom 134 3.2
    Other 217 5.2
    Others 224 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 1.1
    Christianity 2953 73.3
    Islam 34 0.8
    Other Religious Groups 46 1.1
    No Religion 945 23.4
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 217 14.4
    $600-$799 203 13.4
    $800-$999 169 11.2
    $1,000-$1,249 160 10.6
    $1,500-$1,999 153 10.1
    Others 609 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1221 37.7
    Not in the labour force 1096 33.8
    Employed, worked part-time 554 17.1
    Unemployed, looking for work 241 7.4
    Employed, away from work 129 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 230 12.1
    Technicians & trades workers 321 16.9
    Clerical & administrative workers 277 14.6
    Sales 238 12.5
    Labourers 270 14.2
    Others 567 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 38 4.4
    Infants/Primary 365 42.2
    Secondary 249 28.8
    Technical or Further Educational Institution 88 10.2
    University or other Tertiary Institutions 99 11.5
    Others 25 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2393 57.5
    Flat, unit or apartment 1280 30.8
    Semi-detached, row or terrace house, townhouse 399 9.6
    Caravan, cabin, houseboat 89 2.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 921 54.3
    Being purchased 416 24.5
    Fully owned 356 21.0
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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