Suburb Profile Report for Currumbin Waters QLD (4223)

Currumbin Waters House: Median price $645,000, Annual capital growth 4.25%, Number of sales 128, Weekly median advertised rent $600

Currumbin Waters Unit: Median price $355,000, Annual capital growth 2.27%, Number of sales 80, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Currumbin Waters has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 9.79% to date .

The five-year average increase in median property values for Currumbin Waters,4223 has given property investors a potential capital gain of 42.54% across each of those five years.

Property buyers and investors in Currumbin Waters 4223 should be seeing an average reduction in asking price of around -3.75% . This means that Currumbin Waters is holding prices well when compared to other suburbs in QLD.

Investment property in Currumbin Waters has done poorly 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%

While Currumbin Waters,4223 ranked number 274th in QLD for increase in median house value (annualised) increase, it is ranked 76th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Currumbin Waters is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 291th in terms of most discounted suburbs in QLD

In the last year 80 properties changed hands in Currumbin Waters, which puts it as the 124th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.27%, investors should hope to achieve an overall return of 6.59%

Metrics i HOUSE UNIT
$645,000 $355,000
1.18% -2.07%
9.79% -5.08%
4.25% 2.27%
$600 $450
128 80
4.84% 6.59%
52.39 46.43

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 8882
Median household income ($/weekly) 1044
Median age of persons 42
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1206 13.6
    35-44 years 1261 14.2
    45-54 years 1345 15.1
    55-64 years 1115 12.6
    65-74 years 802 9.0
    Others 3154 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 3304 50.5
    Not Married 2637 40.3
    Defacto Relationship 596 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6814 81.4
    Greece 61 0.7
    Papua New Guinea 423 5.1
    United Kingdom 557 6.7
    Other 140 1.7
    Others 372 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 111 1.4
    Christianity 5868 73.6
    Hinduism 19 0.2
    Other Religious Groups 27 0.3
    No Religion 1919 24.1
    Others 32 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 399 13.6
    $600-$799 334 11.4
    $800-$999 285 9.7
    $1,000-$1,249 268 9.1
    $1,500-$1,999 395 13.5
    Others 1250 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2485 37.0
    Employed, worked full-time 2271 33.8
    Employed, worked part-time 1392 20.7
    Unemployed, looking for work 309 4.6
    Employed, away from work 253 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 627 16.0
    Technicians & trades workers 725 18.5
    Clerical & administrative workers 611 15.6
    Sales 468 11.9
    Labourers 451 11.5
    Others 1035 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 108 5.6
    Infants/Primary 790 41.0
    Secondary 578 30.0
    Technical or Further Educational Institution 161 8.4
    University or other Tertiary Institutions 225 11.7
    Others 66 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6753 80.3
    Semi-detached, row or terrace house, townhouse 1224 14.6
    Flat, unit or apartment 388 4.6
    House or flat attached to a shop, office 37 0.4
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1249 39.0
    Fully owned 1127 35.2
    Rented 788 24.6
    Other tenure type 41 1.3
    Tenure Type
Census 2011, ABS
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