With a capital gain of 6.90% for the last 12 months, Coombabah, 4216 has performed for property investments than its average annual 2.90% property growth over the last 5 years.
Over the longer term, Coombabah has seen property prices show investors a 23.08% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Coombabah 4216 should be seeing an average reduction in asking price of around -4.83% . This means that Coombabah is holding prices well when compared to other suburbs in QLD.
At number 536 in a list of fastest selling suburbs, Coombabah is in the TOP 20% of suburbs in Australia with an average of days on market 45.64 for properties listed there.
Advertised rents are around the $442.5 mark per week – giving a return of 4.79% based on the median price in Suburb
Giving property investors a an average capital gain of 2.26% for the last year, Coombabah, 4216 is the 976th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coombabah has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coombabah, 4216. Typically our figures indicate that -4.43% is being offered, which puts this QLD suburb at 868th most discounted overall in Australia.
With the median price for a house in Coombabah being $350000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.79%