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Wamuran, QLD 4512

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 Wamuran, QLD 4512 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 

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Rent 

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Yield 

2BR

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Wamuran, QLD 4512”

  1. The total adult population (15 years or older) of Wamuran 4512 QLD is 2,770, with a median age of 43. Of those, 53.43% are married, 12.45% are divorced or separated, 29.53% are single and 4.44% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $8,624. The median monthly mortgage repayment for households in this suburb is $2,000 which is 23.19% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wamuran, postcode 4512, resides within Queensland’s realm and encompasses approximately 1341 households. As we venture into the third quarter of 2023, the property market reveals that the average pricing for houses within Wamuran circles around $1,023,650. Simultaneously, the median weekly rent stands at $572, subsequently forming an indicative yield of 2.91% – a figure slightly beneath the desired 3% threshold, often pursued by cashflow-centered investors.

    In terms of the socio-economic health of the community, Wamuran boasts an impressive IRSAD score of 994 out of a possible 1217, indicating above-average access to economic resources, education, and employment. Additionally, the suburb appears owner-centric with a renter to owner ratio of 12%, suggesting an environment of stability and communal longevity. Moreover, properties are dominated by standalone houses, with a unit to houses ratio sitting at 0%, pointing towards low rental competition and longer tenancy periods typical to family occupants.

    Affordability presents a more challenging picture, with the ‘Years to Own’ index revealing a substantial 46 years, notably exceeding the typical 30-year mortgage scenario. This figure implies a heightened entry barrier for potential residents and investors, alluding to an affluent local market.

    From a supply perspective, Wamuran exhibits encouraging signs. The stock on market percentage sits favorably low at 0.3%, indicating limited supply. Furthermore, the inventory for houses sits at about 1.15 months, another positive sign of a market that can absorb new listings with ease. However, the building approvals Ratio at 0.52% suggests that new housing stock could bubble up, potentially tipping the supply equilibrium.

    On the demand side, Wamuran’s Days on The Market for houses averages at 74 days, showing a neutral demand, while an impressively low vacancy rate of 0.63% portrays a market with high occupancy rates and naturally, strong demand. The buy search index for houses falls at 4, which sits within the neutral territory, reflecting average interest from prospective homebuyers.

    Conclusively, Wamuran’s property market dynamics in Q3 2023 offer an intriguing blend of both promise and challenge. Although certain indicators fall within the less coveted spectrum – indicative yield and affordability index, for example – the majority of the metrics remain strongly favorable, suggesting potential in the locale. As it stands, diligent monitoring of market trends and performance is advisable for potential investors, as key indicators can often fluctuate. To facilitate the comprehensive analysis, consider leveraging tools like HtAG’s RCS (Relative Composite Score) to streamline your investment research.

    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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