Moorooka Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Moorooka? As a Moorooka Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Moorooka property purchase!
Moorooka is located 9km south of the Brisbane CBD, and is is bordered by the suburbs of Yeerongpilly, Tarragindi, and Salisbury.
The population of Moorooka in 2016 was around 10,365 and continues to grow. 56.3% of households in Moorooka are owner occupied and consistent predominantly of couples with children working in a professional occupation.
Shops, restaurants and entertainment
Moorooka’s main shopping and café precinct is located along Beaudesert road. There is also a retail and commcercial precinct along Ipswich road with a large number of car dealerships making up the “Moorooka Magic Mile”.
Moorooka Train station is on the Beenleigh rail line, and provides easy access to the Brisbane CBD.
Most and least desirable areas
Hilltop areas on the eastern side of Mooroka are the most desirable (and most expensive) areas in the suburb.
Traffic noise can be an issue for properties close to Ipswich and Beaudesert Roads.
Housing type and typical block size
The majority (59%) of properties in Moorooka are free standing houses, many of which are pre-war, timber Queenslanders.
There are many small unit and townhouse complexes on the western side of the suburb, closer to the rail line and shopping precinct.
What can my money buy in Moorooka?
The median house price in Moorooka is $640,000 which is close to Brisbane’s median.
The median house price in Moorooka would typically buy a 3 bedroom, 1 bathroom house on a 600m2 block.
For example: 43 Dora Street Moorooka – sold for $620,000 in January 2020 (click to view listing and see images below).
The median unit price in Moorooka is: $345,000
This amount would typically buy a 2 bedroom, 2 bathroom unit in modern complex.
For example: 4/19 Mayfield Road Moorooka – sold for $343,000 in February 2020 (click to view listing and see images below)
How has the Moorooka property market been performing?
In the last 5 years the median house price has increased by 18.1%. Over the last 10 years, house prices have increased by 3.2% per annum.
In contrast, over the last 5 years the median price of units has fallen by 9.6%. On average, over the last 10 years unit prices have increased by only 0.2% per annum.
Supply and demand characteristics for Moorooka
- Average Days on Market: Houses 46 days. Units: 87 days.
- On average houses are selling 7% below their list price. Units typically sell 6% below their list price.
- Moorooka’s auction clearance rates are 82% for houses, and 0% for units.
- The average rental yield for houses is 3.64%, compared to 5.43% for units.
- There is a shortage of both houses and units currently listed for sale (1.17% and 1.33% respectively.
- The rental vacancy rate for houses is 2.32%, compared to 1.42% for units.
**Statistics are accurate for February 2019
Thinking about buying a property in Moorooka ? Our Moorooka Buyer’s Agent is more than happy to have a chat. Please contact us.
For information about other Brisbane suburbs click here.