Suburb Profile Report for Coomera QLD (4209)

Coomera House: Median price $476,000, Annual capital growth 3.49%, Number of sales 176, Weekly median advertised rent $460

Coomera Unit: Median price $476,000, Annual capital growth 8.39%, Number of sales 333, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Coomera has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.13%

Coomera,4209 has offered an average of 6.13% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Coomera 4209 should be seeing an average reduction in asking price of around -3.71% . This means that Coomera is holding prices well when compared to other suburbs in QLD.

The QLD suburb of Coomera, 4209 is in the Gold Coast local government area.

Property value increases in Coomera have tracked higher than the QLD average of 1.12% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coomera has increased when compared to the 5 year average annual rate.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Coomera itself are offering an average vendor discount of -6.12% to real estate investors.

With the median price for a house in Coomera being $476000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.37%

YIP MAG Information supplied by:

YIP MAG
January 2016

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While the Gold Coast has been touted as a popular investment location recently, it pays to do some research into the suburb you might be thinking about buying in.Full summary While the Gold Coast has been touted as a popular investment location recently, it pays to do some research into the suburb you might be thinking about buying in.

For example, the northwest Gold Coast suburb of Coomera has seen its stock on market rise by 49.3%, though it does have some qualities that may soon attract buyers back to it.

The M1 motorway links commuters to Brisbane in under an hour, while a rail line through the suburb offers public transport to both Brisbane and the rest of the Gold Coast.

There are plenty of education services on offer too.

Coomera boasts its own public school; Pimpama Secondary College is on its northern border; and Griffith University’s Gold Coast Campus is also a short drive away.

Coomera hopes to increase its appeal as a tourist location, as it is home to the Dreamworld amusement park, and Movieworld is just to the south.

While the number of homes for sale has risen, Coomera still has a respectable vacancy rate, at just 2.44%, according to Real Estate InvestarClose
HOUSE UNIT
$476,000 $476,000
0.00% 26.46%
6.13% 35.83%
3.49% 8.39%
$460 $400
176 333
5.03% 4.37%
53.67 96.29

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Coomera QLD
Demographics
Total population 8792
Median household income ($/weekly) 1583
Median age of persons 29
Median housing loan repayment ($/monthly) 2500
Average household size 3
  • Census Count Percent(%)
    0-4 years 998 11.3
    5-14 years 1529 17.4
    25-34 years 1556 17.7
    35-44 years 1568 17.8
    45-54 years 1001 11.4
    Others 2141 24.3
    Age Group
    Census Count Percent(%)
    Registered Married 2893 50.9
    Not Married 1822 32.1
    Defacto Relationship 968 17.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5648 68.8
    Papua New Guinea 953 11.6
    South Africa 258 3.1
    United Kingdom 748 9.1
    Other 166 2.0
    Others 442 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 0.9
    Christianity 5393 68.0
    Islam 51 0.6
    Other Religious Groups 30 0.4
    No Religion 2356 29.7
    Others 35 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 241 9.6
    $1,250-$1,499 261 10.4
    $1,500-$1,999 385 15.4
    $2,000-$2,499 307 12.3
    $2,500-$2,999 270 10.8
    Others 1039 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2798 47.8
    Not in the labour force 1357 23.2
    Employed, worked part-time 1184 20.2
    Unemployed, looking for work 323 5.5
    Employed, away from work 190 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 594 14.2
    Professionals 684 16.4
    Technicians & trades workers 654 15.7
    Clerical & administrative workers 672 16.1
    Sales 509 12.2
    Others 1061 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 196 8.4
    Infants/Primary 1061 45.7
    Secondary 552 23.8
    Technical or Further Educational Institution 189 8.1
    University or other Tertiary Institutions 258 11.1
    Others 65 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6296 76.8
    Semi-detached, row or terrace house, townhouse 1393 17.0
    Flat, unit or apartment 506 6.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1530 56.4
    Being purchased 953 35.1
    Fully owned 224 8.3
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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