Woree

POSTAL CODE: QLD, 4868

HOUSE

UNIT

WOREE, 4868 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 WOREE, 4868 values up and netting property investors a capital gain of 24.45% for the past year.

Investors saw the median home price rise to $650,250.

Profits due to an upward trend in home prices in the suburb averaged 14.83% per annum over a 3-year period.

WOREE now ranks at the 146th 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 WOREE 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 $580 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 WOREE, homes and units usually stay on listing for an average of 38.4 days.

In 2016, 52 properties were sold in WOREE during the past year, making it the 242nd most active market in QLD based on total real estate transactions.

WOREE ranks 118th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

WOREE, 4868 has a capital gain of 18.37% for the past year, which is lower than average compared to its 114.81% growth within a five-year period.

WOREE, 4868 ranks 362nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.37% for property investors last year.

With the median home price in WOREE sitting at $290,000, and the average rent at $427.5, property owners could potentially earn a 7.67% increase in gross rental yield.

Property investors have seen a -0.68% drop in WOREE based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on WOREE, 4868 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 18.37%.

A survey of average capital gains or median home price increase in suburbs across the country shows that WOREE, 4868 obtained a 9.21% growth over a ten-year period. It ranks 89th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$650,250	$290,000
Growth Report
Median Quarterly	6.6%	-0.68%
Median 12 month	24.45%	18.37%
Median 3 years	44.5%	59.78%
Median 5 years	91.25%	114.81%
10 years average annual	6.63%	9.21%
Weekly media advert. rent	$580	$428
Time on Market	38.4 days	39.8 days
Gross Rental Yield Percent	4.64%	7.67%

Demographics (Median Values)*

Total Population 4377

Weekly Household Income 879.6

Household Size 2.40

Average Age 34

Monthly Loan Repayment 1083

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

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