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West Woombye, QLD 4559

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 West Woombye, QLD 4559 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 

2BR

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Yield 

2BR

3BR

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5BR

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 “West Woombye, QLD 4559”

  1. The total adult population (15 years or older) of West Woombye 4559 QLD is 916, with a median age of 47. Of those, 53.71% are married, 11.90% are divorced or separated, 28.60% are single and 5.13% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $8,512. The median monthly mortgage repayment for households in this suburb is $1,946 which is 22.86% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the Sunshine State, the Queensland suburb of West Woombye, postcode 4559, is home to an estimated 399 households. As we look at data from Q3 2023, we find that the typical house price in West Woombye is situated at a solid $1,063,972. The median weekly rent in this suburb stands at $625, compiling an indicative yield of 3.06% which satisfyingly surpasses the cashflow-centered property investor’s desired minimum market requirement of 3%.

    Taking a deeper dive into the insights, West Woombye’s socio-economic standing is notably robust with a score of 1024 out of 1217 in the IRSAD rating. This is a suggestive aspect of the area’s broad access to economic resources, representing relatively high income levels and a prevalence of skilled professions.

    Investors will be glad to note that the renter to owner ratio here is a mere 11%, indicating that the market is not saturated with rental properties. As a buyer or investor, this establishes a decreased competition and a robust potential for yield returns.

    In the case of West Woombye, the data shows a 0% units-to-houses ratio. This lack of apartments, flats, and studios ensures that landlords are not likely to face stiff competition while hunting for tenants and can maintain high rental yields. Such a market typically attracts families that generally tend for longer tenancy periods, thereby preserving a sense of community and withdrawing the risk of price drops due to an over-supplied market.

    Notably, the affordability index for homes in West Woombye stands at 48 years. This indicates the estimated duration required to completely own a property in this area, factoring in interest rates, median family income, and typical property prices.

    The positive trends continue when examining supply metrics. stock on market Percentage for homes is at a favourable position of 0.25% and inventory levels are similarly inviting, standing at 2.0 months. While the building approvals Ratio is relatively high at 7.52%, suggesting an increased supply of new dwelling stock, this needs to be viewed in conjunction with other metrics.

    Regarding demand metrics, houses on the market are sold within an impressive average of 29 days (Days on Market) which indicates significant demand. The combined vacancy rate for houses and units is 2.22%, which falls in the neutral range. While the buy search index at 3 isn’t particularly high, it falls within the neutral range which maintains an overall favourable outlook.

    In conclusion, the property market scenario in West Woombye offers potential for both homeowners and investors looking for a compelling mix of yield, security and growth potential. Make sure to always maintain a watchful eye on market developments with comprehensive real estate data to make the beneficial 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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