Suburb Profile Report for Coombabah QLD (4216)

Coombabah House: Median price $450,000, Annual capital growth 2.94%, Number of sales 135, Weekly median advertised rent $443

Coombabah Unit: Median price $342,250, Annual capital growth 3.03%, Number of sales 160, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 1.98% which means that Coombabah, 4216 has done well for property investors by showing a capital gain of 3.45% over the last year

Over the longer term, Coombabah has seen property prices show investors a 13.21% return over the last 3 years. This is worse than over the last 12 months

At number 657th of QLD’s most discounted properties, Coombabah is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $442.5 mark per week – giving a return of 5.11% based on the median price in Suburb

Investment property in Coombabah 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 3.24%

While Coombabah,4216 ranked number 120th in QLD for increase in median house value (annualised) increase, it is ranked 139th over the last 5 years.

Our latest figures would indicate that property sellers in Coombabah are currently offering property investors an average price cut of -4.08% below the asking price at the moment.

A $375 per week rent on the median house gives suburb investors a gross yield of circa 5.70%, without taking into account capital value appreciation, which has been averaging out at 3.03%.

HOUSE UNIT
$450,000 $342,250
1.12% 1.11%
3.45% 3.24%
2.94% 3.03%
$443 $375
135 160
5.11% 5.70%
44.46 62.91

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 9774
Median household income ($/weekly) 793
Median age of persons 45
Median housing loan repayment ($/monthly) 1886
Average household size 2.2
  • Census Count Percent(%)
    25-34 years 1110 11.4
    35-44 years 1207 12.3
    45-54 years 1098 11.2
    55-64 years 1246 12.7
    65-74 years 1327 13.6
    Others 3786 38.7
    Age Group
    Census Count Percent(%)
    Registered Married 3514 46.7
    Not Married 3217 42.8
    Defacto Relationship 789 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6024 65.6
    Papua New Guinea 1037 11.3
    South Africa 107 1.2
    United Kingdom 1032 11.2
    Other 319 3.5
    Others 670 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 1.0
    Christianity 6529 73.7
    Islam 113 1.3
    Other Religious Groups 39 0.4
    No Religion 2049 23.1
    Others 40 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 400 10.4
    $400-$599 789 20.5
    $600-$799 506 13.1
    $800-$999 406 10.5
    $1,500-$1,999 367 9.5
    Others 1381 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3460 45.0
    Employed, worked full-time 2281 29.7
    Employed, worked part-time 1366 17.8
    Unemployed, looking for work 354 4.6
    Employed, away from work 231 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 500 12.9
    Technicians & trades workers 661 17.1
    Clerical & administrative workers 564 14.6
    Sales 584 15.1
    Labourers 435 11.2
    Others 1129 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 103 6.2
    Infants/Primary 694 41.8
    Secondary 411 24.7
    Technical or Further Educational Institution 172 10.3
    University or other Tertiary Institutions 216 13.0
    Others 66 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5115 55.4
    Semi-detached, row or terrace house, townhouse 3568 38.6
    Caravan, cabin, houseboat 550 6.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1623 39.5
    Rented 1412 34.3
    Being purchased 1050 25.5
    Other tenure type 26 0.6
    Tenure Type
Census 2011, ABS
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