Suburb Profile Report for Coomera QLD (4209)

Coomera House: Median price $477,000, Annual capital growth 3.34%, Number of sales 151, Weekly median advertised rent $450

Coomera Unit: Median price $375,400, Annual capital growth 5.51%, Number of sales 385, 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 2420th in the list of Australian suburbs ordered by increase in median house value over the last year, Coomera, 4209 is in the BOTTOM 50% with a property value increase of 3.92% recorded in median house prices.

Over the longer term, Coomera has seen property prices show investors a 32.50% return over the last 3 years. This is worse than over the last 12 months

At number 768th of QLD’s most discounted properties, Coomera is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Situated 30.71km from the CBD, Coomera is one of Gold Coast localities in the postcode 4209.

If you compare the increase in value of investment property in Coomera, 4209 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 3.23%.

The five-year average increase in median property values for Coomera,4209 has given property investors a potential capital gain of 10.41% across each of those five years.

The most recent median price for Coomera is $375400, with sellers offering an average of -6.11% off the asking price.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.51%, investors should hope to achieve an overall return of 5.54%

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
$477,000 $375,400
0.00% 0.00%
3.92% 3.23%
3.34% 5.51%
$450 $400
151 385
4.91% 5.54%
69.88 87.32

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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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Recent sales & rentals