Located in Queensland within the Brisbane local government area, Woolloongabba is a moderately sized suburb (postcode 4102). With a population of 8,687, the suburb has a younger, working-age population with a median age of 29. Households earn a median income of $97K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Chinese.
Woolloongabba has a median house price of $1.5 million, which has jumped by 20% year-on-year. Units have a median price of $606,000 (+15.2% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,000.
Woolloongabba is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 1072, which is above the national average of 1,000. Public transport access includes 7 rail stations, 30 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.7% (low yield). Property prices are above the state median ($1.5M/$1.1M), placing it in the premium segment. The price-to-income ratio of 15.5x is considered stretched. House prices have moved +20.0% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.