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$569KPast 3 months
Median price - units$308KPast 3 months
Change in value - houses38.5%12 months
Change in value - units9.5%12 months
Houses sold24Past 3 months
Units sold3Past 3 months
Median DOM - houses9.5Past 12 months
Median DOM - units31Past 12 months
Average rent - houses$495Past 12 months
Average rent - units$255Past 12 months
Change in rent - houses12.5%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: