Durack

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 12.23% for the past year.

Investors saw the median home price rise to $890,000.

Profits due to an upward trend in home prices in the suburb averaged 14.13% per annum over a 3-year period.

DURACK now ranks at the 350th 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 $625 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 30 days.

In 2016, 77 properties were sold in DURACK during the past year, making it the 98th most active market in QLD based on total real estate transactions.

DURACK ranks 97th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

DURACK, 4077 has a capital gain of 14.38% for the past year, which is lower than average compared to its 113.5% growth within a five-year period.

With the median home price in DURACK sitting at $640,500, and the average rent at $590, property owners could potentially earn a 4.79% increase in gross rental yield.

Property investors have seen a 5% gain in DURACK based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on DURACK, 4077 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 14.38%.

A survey of average capital gains or median home price increase in suburbs across the country shows that DURACK, 4077 obtained a 10.14% growth over a ten-year period. It ranks 1701st on our list of suburbs that property investors should look into.

Surburb overview

Durack is a suburb of Brisbane, located approximately 17.4 kilometres southwest of Brisbane's central business district.

According to the 2021 census, Durack has 7,788 residents, with a median age of 36. The suburb has a diverse community, with 54.6% of residents born in Australia and significant populations from Vietnam (14.3%), New Zealand (3.9%), and England (3.2%). English is the predominant language spoken at home by 54.4% of the population, followed by Vietnamese at 23.2%.

Bus route 100 services Durack, linking the suburb to Salisbury railway station and the Brisbane CBD. Bus route 460 also connects Durack to Richlands railway station, enhancing accessibility for residents.

Durack offers a range of educational institutions, including Durack State School, a government primary school (Prep-6) located at 69 Inala Avenue, with an enrolment of 593 students as of 2017. Glenala State High School, a government secondary school (7-12) situated on Glenala Road, has an enrolment of 790 students as of 2017. Australian International Islamic College, a private primary and secondary school (Prep-12) located at 724 Blunder Road, has an enrolment of 613 students as of 2017.

The suburb also features the Phap Quang Temple, a Vietnamese Buddhist temple that contributes to the area's cultural diversity.

Durack is home to the Archerfield Wetlands, a 150-hectare greenspace precinct within the Oxley Creek corridor. The main entry point is via the Archerfield Wetlands District Park at 455 Bowhill Road, offering community spaces, playgrounds with water features, and picnic facilities. The wetlands provide walking and cycling trails, promoting outdoor recreational activities for residents and visitors.

Durack's blend of cultural diversity, educational facilities, and green spaces contributes to its appeal as a residential suburb within Brisbane.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$890,000	$640,500
Growth Report
Median Quarterly	4.71%	5%
Median 12 month	12.23%	14.38%
Median 3 years	42.4%	63.18%
Median 5 years	116.02%	113.5%
10 years average annual	9%	10.14%
Weekly media advert. rent	$625	$590
Time on Market	30 days	12.5 days
Gross Rental Yield Percent	3.65%	4.79%

Demographics (Median Values)*

Total Population 6118

Weekly Household Income 797.2

Household Size 2.70

Average 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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