Date Prepared: 14th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Woorim, located on the eastern side of Bribie Island, is a beachside suburb renowned for its pristine beaches, recreational opportunities, and laid-back coastal lifestyle. With a mix of residential charm and natural beauty, Woorim is a sought-after destination for both permanent residents and holidaymakers.
Demographics
- Population: Approximately 1,900 (2021 Census, ABS).
- Median Age: 52 years, indicating a mature, family-friendly, and retiree-oriented population.
- Dwelling Type: Predominantly standalone houses with holiday accommodations and units.
- Ownership: High ownership rates, reflecting long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $927,500 (+4.8% annual growth).
- Median Weekly Rent: $580.
- Rental Yield: 3.3%.
- Sales Volume: 26 house sales in the past 12 months.
Units
- Median Sale Price: $595,000 (+11.7% annual growth).
- Median Weekly Rent: $450.
- Rental Yield: 3.9%.
Long-Term Trends (2006–2024)
Woorim’s housing market has grown consistently over the past 18 years, with the median house price increasing from $400,000 in 2006 to $927,500 in 2024. This represents an average annual growth rate of approximately 5.4%.
Recent Notable Sales
- 13 Murray Street: Sold for $1,200,000 (Oct 2024).
- 83 Arcadia Avenue: Sold for $1,010,000 (Sep 2024).
- 49 North Street: Sold for $1,315,000 (Aug 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Woorim provides access to educational facilities on Bribie Island and nearby areas:
- Primary Schools:
- Bribie Island State School.
- Secondary Schools:
- Bribie Island State High School.
- Private Schools:
- St. Columban’s College (nearby in Caboolture).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Woorim Beach Shops: Offers essential services, cafes, and boutique stores.
- Nearby Options: Bribie Island Shopping Centre features larger retail and dining facilities.
Parks and Recreation
- Woorim Beach: A popular spot for swimming, surfing, and fishing.
- Bribie Island National Park: Offers walking trails, birdwatching, and camping opportunities.
- Lighthouse Reach Reserve: A tranquil area for picnics and coastal views.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Connected via Bribie Island Road, providing access to Caboolture and the Bruce Highway.
- Public Transport:
- Limited bus services connect Woorim to other parts of Bribie Island.
- Walkability:
- High; most amenities and parks are within walking distance.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Growth: Development of modern homes and holiday accommodations to meet growing demand.
- Community Investments: Enhancements to parks, recreational facilities, and beach infrastructure.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Tourism, healthcare, retail, and education dominate the local job market.
- Community Activities:
- Local events, surf carnivals, and farmers’ markets bring residents together.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~1,900 (2021 Census). |
| Median House Price (2024) | $927,500. |
| Median Rent (Houses) | $580/week. |
| Rental Yield (Houses) | 3.3%. |
| Median Unit Price (2024) | $595,000. |
| Median Rent (Units) | $450/week. |
| Rental Yield (Units) | 3.9%. |
| Notable Parks | Woorim Beach, Bribie Island National Park, Lighthouse Reach Reserve. |
| Transport Access | Bribie Island Road, limited bus services. |
Conclusion
Woorim offers a perfect blend of coastal charm, recreational opportunities, and a vibrant community atmosphere. Its strong property market and proximity to natural attractions make it an appealing location for families, retirees, and investors seeking long-term growth potential.