Suburb Profile Report for Currumbin QLD (4223)

Currumbin House: Median price $815,000, Annual capital growth 7.64%, Number of sales 26, Weekly median advertised rent $610

Currumbin Unit: Median price $480,000, Annual capital growth 1.59%, Number of sales 79, Weekly median advertised rent $438

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

Source: CoreLogic

  • House Report
  • Unit Report

Currumbin, 4223 ranked 335th in QLD when comparing growth in median property values or capital gain over the last 12 months. Currumbin is one of 2415 in our list for QLD

Over the longer term, Currumbin has seen property prices show investors a 27.84% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Currumbin 4223 should be seeing an average reduction in asking price of around -6.13% . This means that Currumbin is holding prices well when compared to other suburbs in QLD.

Often selling an investment property can take time, and in Currumbin the average time real estate has been on the market is 68.82 days.

With the median price for a house in Currumbin being $815000 and the advertised rent reaching $610 the gross rental yield for property investors calculates out to be 3.89%

Currumbin has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 15.66% to date .

Across a shorter period, Currumbin, 4223 has seen a median price increase of 5.96% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Currumbin is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 72th in terms of most discounted suburbs in QLD

Renters in Suburb are facing rents around $5256 per annum or $438 every week.

HOUSE UNIT
$815,000 $480,000
N/A 5.96%
4.76% 15.66%
7.64% 1.59%
$610 $438
26 79
3.89% 4.75%
68.82 87.89

Source: CoreLogic

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