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Witta, QLD 4552

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 Witta, QLD 4552 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 “Witta, QLD 4552”

  1. The total adult population (15 years or older) of Witta 4552 QLD is 1,106, with a median age of 54. Of those, 55.79% are married, 13.56% are divorced or separated, 25.23% are single and 5.24% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,924. The median monthly mortgage repayment for households in this suburb is $1,842 which is 31.09% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the sunny state of Queensland, WITTA 4552 is a suburban area with approximately 627 households. Coming into the third quarter of 2023, we can see that the typical house price in this area stands at $1,072,737. Houses here also fetch a median weekly rent of $595, translating into an indicative yield of 2.88%, which is slightly below the minimum attractive market requirement of 3% for cashflow-centered property investors.

    The suburb’s socio-economic status, indicated by the IRSAD score of 990 out of a possible 1217, shows a relatively high access to economic resources, as well as a tendency towards higher income levels and skilled professions. This suggests the suburb attracts a certain level of affluent and professional residents.

    However, the extremely low renter to owner ratio of 11% and units to houses ratio of 1% suggest that this area is dominated by homeowners rather than renters. This could be indicative of a tightly held area with a strong community atmosphere and less competition for landlords hunting for tenants.

    Nonetheless, the high affordability index reading of 70 years suggests that this market may be hard to penetrate for the average buyer, considering the assumption of a standard 30-year mortgage. The high index indicates a longer duration required to fully own a property, highlighting decreased affordability in the area.

    The supply-demand balance is subtly indicated by the stock on market Percentage for houses at 0.8%, which shows a neutral supply. Meanwhile, with an average inventory level of 2.61 months, we see a favourable indication of a fairly absorbent market, as lower inventory values mean less time for properties to sell. There’s also a dearth of new constructions with a 0.0% building approvals Ratio – a favourable sign indicating low supply.

    The days on market for houses, which stands at 141, suggest a market with low demand, as properties are staying ‘for sale’ for significantly longer periods. A vacancy rate of 1.43%, still within the lower end of the neutral range, supports this. Coupled with it, a buy search index of 3 signifies roughly neutral demand for houses in WITTA 4552.

    As an investor, staying conversant with these property market metrics will help you gauge potential opportunities for capital gains and cash flow. Bear in mind that not only individual metrics, but their trends are crucial, and it’s acceptable for few metrics to be in unfavourable ranges if most other metrics are favourable. Additionally, to automate your research, you might consider using HtAG Analytics’ RCS (Relative Composite Score) metric, which encompasses over 80 metrics.

    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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