Suburb Profile Report for Coomera QLD (4209)

Coomera House: Median price $464,000, Annual capital growth 1.48%, Number of sales 132, Weekly median advertised rent $450

Coomera Unit: Median price $404,950, Annual capital growth 5.85%, Number of sales 400, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3195th in the list of Australian suburbs ordered by increase in median house value over the last year, Coomera, 4209 is in the BOTTOM 30% with a property value increase of -1.07% recorded in median house prices.

Across a shorter period, Coomera, 4209 has seen a median price increase of -2.52% over the last quarter.

Property buyers and investors in Coomera 4209 should be seeing an average reduction in asking price of around -3.92% . This means that Coomera is holding prices well when compared to other suburbs in QLD.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Coomera, 4209 ranked 50th in QLD when comparing growth in median property values or capital gain over the last 12 months. Coomera is one of 2415 in our list for QLD

The five-year average increase in median property values for Coomera,4209 has given property investors a potential capital gain of 14.91% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Coomera is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 129th in terms of most discounted suburbs in QLD

Coomera, 4209’s gross rental yield is 5.14%

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
Metrics i HOUSE UNIT
$464,000 $404,950
-2.52% 0.01%
-1.07% 11.28%
1.48% 5.85%
$450 $400
132 400
5.04% 5.14%
70.82 80.99

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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