Coombabah, 4216 ranked 217th in QLD when comparing growth in median property values or capital gain over the last 12 months. Coombabah is one of 2415 in our list for QLD
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.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Coombabah itself are offering an average vendor discount of -4.62% to real estate investors.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 3.08%, investors should hope to achieve an overall return of 4.83%
With a capital gain of 5.07% for the last 12 months, Coombabah, 4216 has performed for property investments than its average annual 2.88% property growth over the last 5 years.
Across a shorter period, Coombabah, 4216 has seen a median price increase of 2.92% over the last quarter.
At number 246th 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.
On average over the past year, suburb has had 14.08 sales per month, which equates to 169 per year.
Property investors should expect to get $390 weekly from the median priced house in this suburb.