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Woree
AREA REPORTS

Woree

Woree - SUBURB PROFILE REPORT
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 17.65% for the past year.

Investors saw the median home price rise to $400,000.

Profits due to an upward trend in home prices in the suburb averaged 11.33% per annum over a 3-year period.

WOREE now ranks at the 924th 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 $370 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 42.7 days.

In 2016, 60 properties were sold in WOREE during the past year, making it the 169th most active market in QLD based on total real estate transactions.

Data report can be found below

Woree
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $400,000 $155,000
GROWTH REPORT
Median Quarterly 0.25% 1.31%
Median 12 month 17.65% 14.81%
Median 3 years 34% 22.29%
Median 5 years 25.98% 6.16%
10 years average annual 3.18% 0.86%
Weekly media advert. rent $370 $295
Time on Market 42.7 days 60.1 days
Gross Rental Yield Percent 4.81% N/A
demographics (median values)*
Total Population
4377
Weekly Household Income
879.6
Household Size
2.40
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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