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Worongary, QLD 4213

Home » QLD Real Estate Data » Gold Coast City, QLD » Worongary, QLD 4213

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 Worongary, QLD 4213 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 

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Buy 

1BR

2BR

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Rent 

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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 “Worongary, QLD 4213”

  1. The total adult population (15 years or older) of Worongary 4213 QLD is 4,857, with a median age of 40. Of those, 49.93% are married, 11.74% are divorced or separated, 34.65% are single and 3.60% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $8,768. The median monthly mortgage repayment for households in this suburb is $2,153 which is 24.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Text: Nestled in Queensland, Worongary 4213 is a welcoming suburb which is home for approximately 2077 households. As we dived into the Q3 statistics of 2023, we observed that the typical market prices for houses stand at an estimate of AUD 1,075,785. Tenants in the region are typically spending a median weekly rent of AUD 800, resulting in an interesting indicative yield of approximately 3.87%.

    The area has an IRSAD score of 1021 out of a maximum of 1217, suggesting a reasonably healthy socio-economic status among its residents, with a good degree of access to economic resources, and a skilled and gainfully employed populace. The investment potential of the region is bolstered by a favourable renter to owner ratio of 13%, emphasising a significant homeowner presence.

    Property enthusiasts might find it particularly appealing to know that the unit to houses ratio here stands at 0%, indicating a complete dominance of houses in the market. This generally translates to less competition among landlords, potentially longer tenancy periods, and can help maintain higher rental yields making the locale more attractive to families.

    However, it’s critical to bear in mind the affordability index in the area, which stands at 48 years. This figure suggests that it would take an average of 48 years for a household to fully own a property here, assuming a standard 30-year mortgage, indicating a level of decreased affordability.

    Assessing the supply/demand balance, Worongary boasts a moderate stock on market Percentage of 0.73% and an inventory level of 2.25 months. While this reflects a balanced market, the Building Approval Ratio is at the lower end, standing at 1.07%, hinting at a slower increase in new dwelling stock.

    It’s important to note that houses in Worongary find buyers relatively quickly, averaging 28 days on the market. Coupled with a low vacancy rate of 0.73% for houses and units, the demand for property in the neighbourhood appears to be robust.

    Finally, the buy search index is steady at 5, indicating that online search interest for buying properties in the region is on par with the state/city average – reiterating a steadfast demand for properties.

    Although some metrics could be more favourable, the overall picture for Worongary 4213 appears to be balanced. Thus, it’s essential to consider the Relative Composite Score that simplifies this extensive research using over 80 metrics to help make an informed investment decision.

    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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