Durack Suburb Profile
Durack suburb profile, Durack is another one of our favourite locations in Brisbane where you can purchase a good quality brick & tile home for under $500,000. The lower purchase price combined with strong rental returns makes this suburb a very good area to invest in.
Situated 14 kilometres South of the Brisbane CBD, it has very easy access to the city via Ipswich Rd. In addition to this, the suburb is located in a hub of major roads that take you to Ipswich, the Gold Coast, the AirPort and the Sunshine Coast.
Durack has very strong long-term potential for growth, which is evident through its positive streak from 2014-2017. Houses are reasonably affordable at under $500,000, especially given its location. It also offers landlords strong rental returns at an average of 4.8%.
Public transport is convenient, with buses going to the Brisbane CBD and the Salisbury train station being close by. Route 466 buses can also bring commuters to the Richlands station.
The median price for houses in Durack is $430,047 and the median price for units is $326,211. House prices in Durack have grown by 9.55% in the past 3 years and 0.88% last year. Unit prices in Durack have grown by -4.40% in the past 3 years. The average house in Durack is rented for $370 per week and returns a rental return of 4.80%. The median weekly rental price on units is $388 and the rental return is 6.42%.
More on this suburb is covered in the Doolandella Suburb Profile