Question 1

Is Woree a nice place to live?

Accepted Answer

Woree is an established southern suburb of Cairns on the tropical coastal plain with a practical, down-to-earth residential character. Streets are dominated by low-set Queensland-style homes, brick houses and modest units on mostly flat blocks, and pockets of light commercial and service businesses give it a working suburb feel. Residents have parks, playing fields, neighbourhood shopping and community facilities close by, with regular bus links and straightforward road access into the city and to coastal and rainforest attractions. That combination tends to suit families, workers and long-term locals seeking convenient, uncomplicated living.

The suburb is home to 5,127 people, with a median age of 38 and a median household income of $1,152 a week. Homes are more often rented than owner-occupied, with 53.4% rented. Several council and state projects are under way, including a substantial park upgrade, wastewater and electricity network works, a large social and affordable housing precinct, and funding for local school technology and a replacement police facility. Whether Woree suits you will depend on what you want from a suburb.

Question 2

Is it expensive to live in Woree?

Accepted Answer

Renting in Woree would take a sizeable to large share of a typical local household's income as recorded at the most recent Census. A house renting for $550 a week is about 48% of that weekly household income, while a unit at $430 a week is about 37%. If you're renting rather than buying, those rent shares are the figures that matter.

Buying sits well above local incomes. A median house price of $640,000 is about 10.7 times a typical local annual household income at the last Census, and a median unit price of $422,500 is about 7.1 times that income. On these figures both purchase options are well above what households in Woree earned at the last Census, with houses notably higher.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Woree a good place to invest?

Accepted Answer

The standout movement in Woree over the past 12 months is a strong 20.2% rise in median house values. That capital growth for houses outpaced the change in house rents, which rose a solid 7.8% over the same period, so house prices climbed by more than the rent they deliver. Units were quieter: unit values increased a solid 7.5% while unit rents rose a modest 4.9%, so value growth there also exceeded rental growth but by a smaller margin. Which of those outcomes matters most depends on whether you prioritise capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$640K	$423K
Change in value Past 12 months	20.2%	7.5%
Sold Past 3 months	17	11
Median days on market Past 12 months	17	36
Average rent Past 12 months	$550	$430
Change in rent Past 12 months	7.8%	4.9%

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