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Durack
AREA REPORTS

Durack

Durack - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4077

house
unit

DURACK, 4077 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling DURACK, 4077 values up and netting property investors a capital gain of 17.97% for the past year.

Investors saw the median home price rise to $466,000.

Profits due to an upward trend in home prices in the suburb averaged 4.05% per annum over a 3-year period.

DURACK now ranks at the 546th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in DURACK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $395 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DURACK, homes and units usually stay on listing for an average of 46.9 days.

In 2016, 77 properties were sold in DURACK during the past year, making it the 104th most active market in QLD based on total real estate transactions.

Data report can be found below

Durack
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $466,000 $307,500
GROWTH REPORT
Median Quarterly 3.56% 2.5%
Median 12 month 17.97% 17.14%
Median 3 years 12.15% 2.5%
Median 5 years 19.49% -12.89%
10 years average annual 2.91% -1.87%
Weekly media advert. rent $395 $375
Time on Market 46.9 days 0.0 days
Gross Rental Yield Percent 4.41% 6.34%
demographics (median values)*
Total Population
6118
Weekly Household Income
797.2
Household Size
2.70
Age
37
Monthly Loan Repayment
1100
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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