Located in Queensland within the Cairns local government area, Woree is a medium-sized suburb (postcode 4868). The area has roughly 5,127 residents and an established demographic, with a median age of 38. Households earn a median income of $60K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 community & personal service, technicians & trades, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Woree is $528,000, having climbed sharply by 16.6% over the past year. Units have a median price of $223,000 (+17.4% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Woree is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 937, which is below the national average of 1,000. The crime rate in the Cairns LGA is higher than average at 11,007 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.3% (moderate yield). Property prices sit below the state median ($528K/$1.1M), which can point to relative value. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +16.6% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.