Suburb Profile Report for Currumbin QLD (4223)

Currumbin House: Median price $821,500, Annual capital growth 4.14%, Number of sales 26, Weekly median advertised rent $660

Currumbin Unit: Median price $550,000, Annual capital growth 3.08%, Number of sales 80, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Currumbin, 4223 have given investors a capital gain of 0.80%. This compares badly with the 2.45% for QLD as a whole.

Over the longer term, Currumbin has seen property prices show investors a 10.64% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Currumbin is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 335th in terms of most discounted suburbs in QLD

Residents and property investors in Currumbin have been waiting around 47.72 days to sell a property.

With the median price for a house in Currumbin being $821500 and the advertised rent reaching $660 the gross rental yield for property investors calculates out to be 4.18%

Property value increases in Currumbin have tracked higher than the QLD average of 0.29% over the last 12 months.

The five-year average increase in median property values for Currumbin,4223 has given property investors a potential capital gain of 26.44% across each of those five years.

Property investors looking for a bargain in Currumbin should be aiming for at least -8.64% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Currumbin being $550000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 4.11%

Metrics i HOUSE UNIT
$821,500 $550,000
-2.09% 8.91%
0.80% 22.49%
4.14% 3.08%
$660 $435
26 80
4.18% 4.11%
47.72 73.42

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Currumbin QLD
Demographics
Total population 2785
Median household income ($/weekly) 1234
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 262 9.4
    25-34 years 426 15.3
    35-44 years 398 14.3
    45-54 years 418 15.0
    55-64 years 405 14.5
    Others 875 31.4
    Age Group
    Census Count Percent(%)
    Not Married 938 44.8
    Registered Married 896 42.8
    Defacto Relationship 259 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2049 79.2
    Papua New Guinea 136 5.3
    South Africa 30 1.2
    United Kingdom 150 5.8
    Other 70 2.7
    Others 153 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 2.1
    Christianity 1701 68.8
    Judaism 8 0.3
    Other Religious Groups 9 0.4
    No Religion 689 27.9
    Others 13 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 104 10.2
    $600-$799 101 10.0
    $1,000-$1,249 105 10.3
    $1,250-$1,499 109 10.7
    $1,500-$1,999 121 11.9
    Others 475 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 815 37.0
    Not in the labour force 666 30.3
    Employed, worked part-time 526 23.9
    Unemployed, looking for work 97 4.4
    Employed, away from work 96 4.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 13.9
    Professionals 314 21.9
    Technicians & trades workers 205 14.3
    Community & personal service workers 182 12.7
    Clerical & administrative workers 175 12.2
    Others 360 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 27 5.4
    Infants/Primary 166 33.2
    Secondary 138 27.6
    Technical or Further Educational Institution 49 9.8
    University or other Tertiary Institutions 94 18.8
    Others 26 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1305 51.3
    Flat, unit or apartment 860 33.8
    Semi-detached, row or terrace house, townhouse 378 14.8
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 419 37.4
    Being purchased 355 31.7
    Fully owned 343 30.6
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals