Wooloowin

Real estate profile

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Location

7km north-northeast of the Brisbane CBD.

Features

Charming renovated Queenslanders, leafy streets, on the train line.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $455,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $360. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $250.

Profile

Wooloowin is an old well-established suburb, which has seen strong growth in its median house price over the last five years. This growth has been due to the suburb’s distinct housing character of worker’s cottages and Queenslanders, which residents have been busy restoring and renovating.

The suburb has its own railway station and retailers are close by at the Toombul shopping centre, as well as the Lutwyche shopping strip on Lutwyche Road.

It is also located near the emergency services complex on the former Queensland University of Technology Kedron Park campus.

The Royal Brisbane Hospital is in close proximity, and there are a number of private and public schools in the immediate area.

The suburb backs onto the Kalinga Park and Kedron Brook, which offer excellent open space, as well as walkways and bikeways.

Wooloowin has excellent access to major arterials into the city, including the inner-city bypass. It is also handy to the Gateway arterial, which offers excellent access to the airport and the Gold and Sunshine Coasts.

Approximately 70 per cent of dwellings in the suburb are freestanding houses, with the remainder comprising units and townhouses. The majority of units and townhouses are located on the eastern side of the railway line. The area has changed demographically from retirees and older residents to young families and professional couples.

According to the 2006 Census there were 5,484 people living in the suburb with a median age of 36. The median individual income was $628 per week. Of all occupied private dwellings 52.4% were either fully owned or being purchased; 37.6% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.