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%.