Moorooka

POSTAL CODE: QLD, 4105

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains MOOROOKA, 4105 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MOOROOKA, 4105 obtained a 8.99% growth over a ten-year period. It ranks 507th on our list of suburbs that property investors should look into.

MOOROOKA, 4105 in QLD belongs to the local government area of Brisbane.

MOOROOKA, 4105 has a capital gain of 17.54% for the past year, which is lower than average compared to its 90.27% growth within a five-year period.

With the median home price in MOOROOKA sitting at $1,310,000, and the average rent at $650, property owners could potentially earn a 2.58% increase in gross rental yield.

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

Homeowners and real estate investors betting on MOOROOKA, 4105 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 22.03%.

A steady increase in median property prices over a five-year period in MOOROOKA, 4105 translates to a 54.34% capital gain.

Property investors enjoyed capital gains of 22.03% over the last 12 months in MOOROOKA, translating to lower returns compared with its peers in QLD.

MOOROOKA, 4105 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $720,000.

Profits due to an upward trend in home prices in MOOROOKA, 4105 averaged 18.11% per annum over a 3-year period.

Home owners selling their properties and realtors in MOOROOKA usually have to wait an average of 26.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $600 mark, reflecting a 4.33% increase in returns based on the current median price in MOOROOKA.

MOOROOKA, 4105 places 138th in Australia based on median property value growth during the quarter.

Surburb overview

Moorooka is a multicultural suburb located approximately 9 kilometres south of Brisbane's central business district (CBD). The suburb is known for its diverse community, unique character homes, and convenient access to the city.

According to the 2021 census, Moorooka had a population of 10,783 people. The suburb has a diverse demographic profile, attracting people from various cultures and ethnicities.

Moorooka is well-serviced by public transport, including the Moorooka railway station on the Gold Coast railway line, providing residents convenient access to Brisbane's CBD and surrounding areas. Additionally, several bus routes operate along Ipswich Road and Beaudesert Road, enhancing local connectivity.

The suburb offers a range of amenities, including shopping centres, cafes, and restaurants. The main shopping precinct, located along Beaudesert Road, features a variety of retail outlets and services. Moorooka is also home to several schools and childcare facilities, catering to the community's educational needs.

Moorooka boasts several parks and green spaces, providing residents with outdoor activities and leisure opportunities. The suburb's proximity to Toohey Forest offers additional recreational options, including walking trails and picnic areas.

According to recent reports, the median house price in Moorooka is approximately $1,150,000, with a compound annual growth rate of 22.3%. The median home rent is $650 per week, indicating an annual rental yield of 3.1%.

Moorooka's blend of cultural diversity, proximity to the CBD, and comprehensive amenities make it a desirable residential suburb in Brisbane.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,310,000	$720,000
Growth Report
Median Quarterly	6.07%	5.3%
Median 12 month	17.54%	22.03%
Median 3 years	40.48%	54.34%
Median 5 years	90.27%	98.35%
10 years average annual	8.99%	5.89%
Weekly media advert. rent	$650	$600
Time on Market	24.3 days	26.7 days
Gross Rental Yield Percent	2.58%	4.33%

Demographics (Median Values)*

Total Population 9194

Weekly Household Income 1040

Household Size 2.40

Average Age 35

Monthly Loan Repayment 1430

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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