Suburb Profile Report for Currumbin QLD (4223)

Currumbin House: Median price $839,000, Annual capital growth 3.79%, Number of sales 27, Weekly median advertised rent $650

Currumbin Unit: Median price $550,000, Annual capital growth 4.21%, Number of sales 81, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Currumbin has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.87%

A 8.26% growth in median value for property investors in Currumbin,4223 puts this suburb at number 279th in terms of best performing suburbs in QLD

At number 197th of QLD’s most discounted properties, Currumbin is in the bottom 30% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.

With the median price for a house in Currumbin being $839000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 4.03%

Over the last year, property investments in Currumbin, 4223 have given investors a capital gain of 24.29%. This compares very favourably with the 0.74% for QLD as a whole.

Comparing Currumbin,4223 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

At number 50th of QLD’s most discounted properties, Currumbin is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $435 and the average annual increase in value of a median property of 4.21%, investors should hope to achieve an overall return of 4.11%

Metrics i HOUSE UNIT
$839,000 $550,000
1.45% 14.58%
11.87% 24.29%
3.79% 4.21%
$650 $435
27 81
4.03% 4.11%
50.91 86.43

Source: CoreLogic

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