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Durack, QLD 4077

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 Durack, QLD 4077 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Durack, QLD 4077”

  1. The total adult population (15 years or older) of Durack 4077 QLD is 6,348, with a median age of 39. Of those, 43.98% are married, 14.18% are divorced or separated, 33.02% are single and 8.73% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $6,452. The median monthly mortgage repayment for households in this suburb is $1,517 which is 23.51% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Durack 4077, nestled in Queensland, is a mature residential area home to approximately 3,718 households. Coming to the third quarter of 2023, property market in Durack is showing some interesting trends that prospective investors should take note of.

    Typical house prices in Durack are currently averaging around $644,664 with a median weekly rent price of $503. Attractive to cash-flow centred investors, these figures translate to an indicative yield of 4.06%, comfortably exceeding the 3% market requirement.

    On the socio-economic front, Durack fares pretty well with an IRSAD score of 916 out of a possible 1217, indicating a relatively comfortable standard of living among the population. The renter to owner ratio in the suburb stands at 33%, a little higher than the preferable threshold of 30%. This suggests that while there may be a hint of higher competition among landlords, the rental market is not saturated enough to present weak returns or any major investment risks.

    Moreover, the units to houses ratio is a very encouraging 1%, indicating minimal saturation of rental units and better chances of maintaining higher rental yields. Durack’s suburbs with more houses than units also potentially attracts families looking for longer tenancy periods.

    One potential concern for aspirant homeowners might be the affordability index at 39 years, significantly higher than the standard 30-year mortgage consideration. This indicates that property affordability could be a challenge at the moment in Durack.

    However, the market is viewed as highly favourable when considering supply metrics. The stock on market Percentage for houses is extremely low at 0.08%, well within the favourable range, indicating a limited supply which could ultimately drive prices up. Likewise, the inventory level for houses stands low at 0.51 months, indicating a quick absorption of new listings.

    When it comes to new constructions, the building approvals Ratio for houses is at a neutral 1.01%, suggesting a balanced position. The average days on market for Durack houses is hitting right on the edge of high demand at 35, while the ultra-low vacancy rate of 0.57% further bodes extremely well for landlords.

    However, a buy search index of 2 indicates below-average demand for properties in Durack at the moment, an outlier in an otherwise favourable market.

    In conclusion, while the affordability index and buy search index might be areas of concern, the majority of other crucial metrics like indicative yield, IRSAD score, Supply metrics, and vacancy rates are favourable for Durack, painting a largely positive picture for prospective property investors. As always, monitoring market developments and using tools such as HtAG Analytics’ RCS metric will further assist in making informed property 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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