Suburb Profile Report for Coombabah QLD (4216)

Coombabah House: Median price $455,000, Annual capital growth 3.05%, Number of sales 125, Weekly median advertised rent $440

Coombabah Unit: Median price $340,500, Annual capital growth 2.77%, Number of sales 156, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

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 5.08%

A 16.67% growth in median value for property investors in Coombabah,4216 puts this suburb at number 325th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Coombabah should be aiming for at least -4.81% off the asking price, which is the average vendor discount being achieved at the moment.

At number 340 in a list of fastest selling suburbs, Coombabah is in the TOP 10% of suburbs in Australia with an average of days on market 45.5 for properties listed there.

The QLD suburb of Coombabah, 4216 is in the Gold Coast local government area.

Coombabah is an average performer in QLD when comparing median price capital growth over the last year. Coombabah gave property investors a average capital gain figure when compared to the rest of the state, with 2.41%.

The five-year average increase in median property values for Coombabah,4216 has given property investors a potential capital gain of 6.41% across each of those five years.

Vendor discounting in Coombabah is giving property investors an average Vendor Discount of around -4.37%. This puts suburb at number 246th in QLD when ranking the most discounted suburbs.

The QLD suburb of Coombabah, 4216 is in the Gold Coast local government area.

HOUSE UNIT
$455,000 $340,500
1.11% -1.30%
5.08% 2.41%
3.05% 2.77%
$440 $375
125 156
5.03% 5.73%
45.5 68.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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