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Wulguru suburb profile

Wulguru is a residential suburb located in the southern part of Townsville, Queensland, known for its close-knit community and scenic surroundings. Nestled at the base of Mount Stuart, it offers residents picturesque views and a serene environment. The suburb is characterized by a mix of older homes and newer developments, catering to a diverse population. Wulguru is conveniently located near essential amenities, including schools, shopping centers, and recreational facilities, making it an attractive option for families and individuals seeking a balanced lifestyle. Its proximity to the Townsville CBD and major transport routes ensures easy connectivity while maintaining a peaceful suburban atmosphere.

Wulguru property market performance

Wulguru's property market has experienced significant growth over the past 12 months, particularly in the housing sector. House values have surged by 33.3%, with the median house price now at $530,000. In contrast, unit values have seen a more modest increase of 9%, bringing the median unit price to $307,500.

Sales activity has been limited, with 24 houses and just 1 unit sold in the past 12 months. Houses are selling rapidly, with a median of just 10 days on the market, while units are taking longer at 31 days, indicating stronger demand for houses.

The rental market in Wulguru has shown a notable increase for houses, with average rents rising by 11.4% to $490. However, unit rents have remained stable over the last 12 months, with no change, maintaining an average rent of $250.

Median price - houses$541KPast 3 months

Median price - units$308KPast 3 months

Change in value - houses36.1%12 months

Change in value - units9.6%12 months

Houses sold22Past 3 months

Units sold1Past 3 months

Median DOM - houses10Past 12 months

Median DOM - units31Past 12 months

Average rent - houses$490Past 12 months

Average rent - units$255Past 12 months

Change in rent - houses11.4%Past 12 months

Change in rent - units2.0%Past 12 months

Wulguru demographics

Wulguru, a suburb located in the Townsville region of Queensland, offers a serene lifestyle with a touch of suburban charm. With a population of 4,389, Wulguru is characterized by its mature demographic, as indicated by the median age of 42. This suggests a community that is well-established, with many residents likely enjoying the stability and tranquility that the suburb provides.

The suburb's housing landscape is diverse, with a significant portion of properties being owned outright (33.7%) or with a mortgage (36.0%). This reflects a stable housing market with a strong sense of homeownership among its residents. Additionally, 30.4% of the properties are rented, catering to those who prefer flexibility or are new to the area. The median total household income of $1,446 per week suggests a comfortable living standard for many families.

Family dynamics in Wulguru are varied, with couple families without children making up 41.9% of the population, closely followed by couple families with children at 35.3%. One-parent families account for 21.0%, indicating a supportive community for diverse family structures. The suburb's proximity to Townsville provides residents with access to urban amenities while enjoying the benefits of a quieter suburban environment. Wulguru's blend of family-friendly living, homeownership opportunities, and community spirit makes it an appealing choice for those seeking a balanced lifestyle.

Wulguru infrastructure, key developments and investment opportunities

Wulguru is experiencing some developments that may impact its property market. The suburb's proximity to Lavarack Barracks and its location as an outer southern suburb of Townsville contribute to its appeal. Recent infrastructure improvements include upgrades to the Wulguru State School, enhancing local education facilities which could attract families to the area. The Edison Street Plaza, a small neighborhood centre, has seen some businesses reopen after closures, potentially improving local amenities.

While no major redevelopments are currently underway, Wulguru's relatively stable population and diverse housing stock continue to support its property market. The suburb offers a mix of houses and some units, with median house prices around $450,000 for 3-bedroom homes. With its established community feel, parks, and proximity to Townsville's urban amenities, Wulguru remains an attractive option for both homebuyers and investors looking for value in the Townsville region.

Wulguru rental market trends

The rental market in Wulguru has experienced moderate growth, with house rents increasing by 11.4% over the past year to $490 per week, while unit rents have remained stable at $250 per week. This stability in unit rents, combined with the rise in house rents, suggests a balanced market, making Wulguru an attractive option for both renters and investors seeking steady returns in a suburban setting.

Suburbs near Wulguru

Some popular suburbs near Wulguru include:

  • Kirwan: Known for its family-friendly atmosphere and sporting facilities, Kirwan is located to the northwest of Wulguru.
  • Mount Louisa: Featuring scenic views and a mix of residential options, Mount Louisa is situated to the north of Wulguru.
  • Rasmussen: Offering a suburban lifestyle with access to the Ross River, Rasmussen lies to the southwest of Wulguru.
  • Kelso: Known for its spacious properties and proximity to natural reserves, Kelso is located to the southwest of Wulguru.
  • Burdell: Featuring modern developments and community amenities, Burdell is situated to the north of Wulguru.

Common questions about Wulguru

  • Is Wulguru a nice place to live?

    Wulguru is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled at the base of Mount Stuart, it provides residents with stunning scenic views and a peaceful atmosphere that is perfect for those seeking a tranquil lifestyle. The suburb is known for its strong sense of community, where neighbors often know each other by name, fostering a welcoming and supportive environment for families and individuals alike.

    Living in Wulguru means enjoying the best of both worlds: the charm of suburban life with the convenience of nearby urban amenities. The suburb is well-served by essential facilities, including schools, shopping centers, and recreational areas, ensuring that families have everything they need within easy reach. The proximity to Townsville's CBD and major transport routes also means that residents can enjoy easy connectivity to the city while still relishing the quiet and relaxed vibe of their home suburb.

    For families, Wulguru offers a safe and nurturing environment, with plenty of green spaces and parks for children to play and explore. While the suburb may not have the bustling nightlife of more urban areas, it compensates with its community spirit and the opportunity for outdoor activities. The trade-off of living in Wulguru might be the quieter lifestyle, but for many, this is precisely what makes it so appealing. With its combination of natural beauty, community feel, and convenient location, Wulguru is a charming choice for those seeking a balanced and fulfilling lifestyle.

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  • Is it expensive to live in Wulguru?

    Living in Wulguru is relatively affordable compared to many other suburbs in Queensland. With a median house price of $530,000 and a median unit price of $307,500, property prices in Wulguru are quite accessible. Renting is also reasonably priced, with houses averaging $490 per week and units around $250 per week. These figures suggest that housing costs in Wulguru are manageable, especially when compared to more expensive urban areas.

    The average wage in Wulguru is approximately $94,000 per year, which is in line with the average salary data for Queensland. With the median total household income weekly at $1,446, residents in Wulguru can find the cost of living quite balanced. The combination of affordable housing and a solid average income makes Wulguru a financially viable option for those considering living in the area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Wulguru a good place to invest?

    Wulguru is showing promising signs as a potential investment hotspot, particularly for those interested in the housing market. Over the past year, the suburb has experienced a significant 33.3% increase in median house values, indicating strong capital growth potential. This surge suggests that Wulguru is gaining popularity and could continue to see rising demand, making it an attractive option for investors looking for capital appreciation.

    In terms of rental income, Wulguru's housing market has also seen a healthy 11.4% increase in rent over the last 12 months. This growth in rental returns is appealing for investors seeking consistent rental income. While the unit market hasn't shown the same level of growth, with a modest 9.0% increase in median values and no change in rent, houses in Wulguru appear to be the more lucrative investment choice at the moment.

    Overall, Wulguru's recent performance in both capital growth and rental returns for houses makes it a suburb worth considering for investment. Its potential for continued demand and appreciation, particularly in the housing sector, positions it as a suburb with promising investment prospects.

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