Suburb Profile Report for Coombabah QLD (4216)

Coombabah House: Median price $480,000, Annual capital growth 2.90%, Number of sales 129, Weekly median advertised rent $443

Coombabah Unit: Median price $350,000, Annual capital growth 2.74%, Number of sales 185, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$480,000 $350,000
0.00% 0.00%
6.90% 2.26%
2.90% 2.74%
$443 $390
129 185
4.79% 5.79%
45.64 70.06

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (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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Recent sales & rentals