Wooloowin (Post Code 4030)
Wooloowin is an historic inner Brisbane suburb situated on 1.4 square kilometres, around 5 kilometres north of the CBD. It is one of the city’s oldest suburbs and, like most of its surrounding suburbs, has some beautiful old renovated Queenslanders. With a high proportion of young working professionals and a large number of rental properties, Wooloowin offers many opportunities for the astute rental property investor. If you require reliable property management, Wooloowin specialist Property One Property Managers is at your service.
Wooloowin, QLD, 4030 Property Investment Opportunities
There are numerous reasons to consider an investment property in Wooloowin. It is close to the CBD with well-established infrastructure, and has multiple options for commuting into Brisbane for work, and leisure. Contact us for experienced, professional Wooloowin property management.
This part of Brisbane has a rich history, first under the custodianship of the Turrbal First Nations people whose traditional home it is, and then as an outlying farming and agricultural area. It remained predominantly an outer rural area until the Sandgate rail line was finished in 1882, even though Lutwyche Road had been built to service the area some years earlier.
Aaron and John Adsett bought a 50-acre parcel in the area in an 1858/59 land sale and Judge Alfred Lutwyche began building his now historic home Kedron Lodge in 1860. John Adsett eventually sold his 25-acre share of the 50 acres to John Bale in 1883, just after the Sandgate rail line opened in 1882. Bale subdivided it into 197 individual properties, called it Maida Hill Estate, and began auctioning off the lots in December 1884.
Transport Options for Residents
Th suburb is conveniently located close to several major roads into Brisbane. Lutwyche Road runs from Windsor to Wooloowin to the west of the suburb whilst Dickson Street intersects with Rose Street/Junction Road along the northern boundary and provides easy access to Sandgate Road into the CBD. Kedron Park Road runs through the middle of town.
Like most other suburbs in this part of Brisbane, the suburban streets are laid out in a grid pattern that intersect the main roads, making it easy to navigate around Wooloowin.
There are 2 stations on the Translink rail service – Wooloowin and Eagle Junction. Both are easy to get to, and popular with commuters who appreciate a hassle-free ride into the CBD without the traffic snarls that invariably happen on the major roads in and around the area.
There is also a good bus service into the CBD.
House prices in Wooloowin skyrocketed in the early 2000s because it was close to up-market Ascot and Wilston, and to major roads and shopping centres. It was also close to the CBD with good rail and bus public transport services.
Up to that point, some ¾ (70%) of the local housing consisted of Queenslanders on large blocks. There were small areas of townhouses and units too but they were mostly found east of the railway line.
When the median house price shot up in 2002, many of the older homes were subsequently demolished or relocated to other parts of Brisbane. Units, apartments, townhouses etc were built in their place. Today, standalone homes, including old Queenslanders, represent just over 45% of the housing vs 48% for multi-dwellings (units etc, many of which are rentals).
More Properties Here Now Rentals Instead Of Owner Occupied
According to the last census only 48.7% of dwellings in Wooloowin are owner occupied whilst 49.4% are rental properties. Clearly, the suburb is popular with people who prefer to rent rather than own. For investment property purposes, this makes Wooloowin an ideal place to own a rental property.
Today the housing is an eclectic mix of detached houses, many of them old Queenslander workers cottages, apartments, units, and townhouses. A number of the old buildings are also now heritage-listed.
Wooloowin is close to many modern amenities – major shopping centres, healthcare facilities, schools, restaurants, and parks and playgrounds.
Although there aren’t any local shopping centres within the suburb, there are a number of specialist outlets (including a hair dresser) plus the Lisson Grove mini mart. Lutwyche City Shopping Centre, Market Central Lutwyche Shopping Centre, and Toombul are just a short distance away. There is also a Coles supermarket in Kedron for local grocery shopping.
From fish and chips to a beer garden, bistro, gourmet deli, and several cafes – finding something to eat and drink is not difficult around here. There are also plenty of options in neighbouring suburbs.
Healthcare Facilities and Services
With several medical centres, clinics, GPs, and surgeries in and around Wooloowin, residents don’t lack quality healthcare. The Northern Buslink in neighbouring Kedron provides direct access to the Royal Brisbane and Women’s Hospital.
Parks and Outdoor Facilities
Parks and playgrounds are one amenity lacking in Wooloowin. The several that were within its boundaries happened to be in the residential district of Kalinga, an area that was given back its suburb status in 2015. However, Dalkeith and Melrose Parks in the northwest corner are only just over the new border and still within easy access of local families.
Kalinga Park, Kedron Brook Bikeway, the walking path, and the many other parks and reserves along Kedron Brook are likewise not far away.
Despite the relatively small number of local families with children, there is both a local state primary school and a Catholic one. The closest high school in on Park Street in what is now Kedron.
Wooloowin has 2 primary schools: Wooloowin State School is located in the north of the suburb in a heritage-listed building, and the private co-ed Holy Cross Primary School is in the south. Other nearby primary school options include Kedron State School, St Anthony’s School also in Kedron, and Padua College (Kedron) for primary and secondary school boys.
Kedron State High School is located on Park Road in Kedron. Mount Alvernia College, a secondary school for girls, is also conveniently in Kedron.
Pick Of The Suburbs
This is a promising and much sought after property investment location. With 4,029 residents at the last census, it has a mix of young professionals, and families. The median age is 35, around 35% of the residents are professionals and ~15% work in management. This indicates a predominantly white-collar demographic with a median household weekly income of $2,000+… Ideal tenants in other words!
We mentioned this earlier but Wooloowin bucks the trend in this area with more multi-unit dwellings (apartments et al) (48%) than separate homes (46%). It’s also a renter’s world with rentals (49.4%) just nudging ahead of owner occupied homes (48.7%).
Median house prices here are currently sitting at 1.25 million whilst you can expect to pay around $567,000 for a unit. A house is renting for a median ~$630 a week in most areas, and apartments $430 per week. That represents a rental yield of just over 5% for houses and 7.5% for units.
Position One Property – Professional Property Managers In Wooloowin, QLD, 4030
At Position One, our expert team provides our property investor clients with a range of comprehensive property management services including:
- prompt attention to all maintenance issues
- a focus on details like rent reviews, property inspections, leasing arrangments, and more,
- dealing with your tenants,
- buying and selling,
- dealing with press marketing.
The Best Wooloowin Property Management Agency
We will maintain your property to your highest expectations. Contact one of our team members today about our Wooloowin property management services.