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Woolloongabba, QLD 4102

Home » QLD Real Estate Data » Inner Brisbane, QLD » Woolloongabba, QLD 4102

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Woolloongabba, QLD 4102 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Woolloongabba, QLD 4102”

  1. The total adult population (15 years or older) of Woolloongabba 4102 QLD is 8,005, with a median age of 29. Of those, 21.41% are married, 8.03% are divorced or separated, 67.81% are single and 2.71% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $9,484. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.09% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Woolloongabba, 4102, nestled in the heart of Queensland (QLD), is well-populated with an estimated 6,309 households. Poised in Q3 of 2023, typical prices for houses in Woolloongabba 4102 stand at a sizable $1,365,225 AUD. With this, median weekly rents position at a steady $616; although it allows for an indicative yield of 2.35%, it happens to be under the attractive threshold of a 3% yield that attracts cashflow-centered property investors.

    Woolloongabba shows off with a resounding IRSAD score of 1,077 out of 1,217. This score indicates the inhabitants of the suburb boast of easy access to financial resources, hold relatively high income brackets, and are skilled professionals. Nevertheless, the suburb’s renter to owner ratio is high at 70%, which may concern investors due to the potential risks of lower long-term returns and high competition with other property investors.

    The unit to houses ratio in Woolloongabba also raises eyebrows as it hits a higher-end 65%. This value is over the 50% threshold and may present potential risks such as an oversaturated rental market, fierce competition among landlords, and possible price drops.

    The suburb’s affordability index lends insight into its housing market, clocking in at an unfavorable 56 years. This implies it would take a substantial duration to outright own a property in this suburb, potentially dampening its appeal for potential homeowners.

    Supply metrics present a more favorable image. The stock on market Percentage for houses in the suburb is a low 0.11%, indicating low supply which usually translates to higher property prices over time. Correspondingly, inventory levels rest at 0.41 months, indicating a rapid turnaround of properties on the market. The building approvals Ratio for houses, which is 0.23%, further showcases a low entry of new properties into the housing market.

    Looking at demand metrics, the days on market for houses average a swift 30 days, indicating a high demand for properties within the suburb. The vacancy rate – overarching both houses and units – is a mere 0.8%, suggesting a tight market where demand outpaces supply, consequently enabling landlords to potentially raise rents and choose from a wider pool of tenants. Yet, the buy search index for houses is at a low 2. This may indicate limited interest from potential buyers, potentially due to the suburb’s high typical property prices and resulting lower affordability.

    While Woolloongabba may present some strong barriers for investment, its strong socio-economic position and tight supply may still make it an alluring consideration for the discerning property investor. As always, understanding overall property market data is essential in making informed investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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