Suburb Profile Report for Currumbin QLD (4223)

Currumbin House: Median price $815,500, Annual capital growth 7.15%, Number of sales 27, Weekly median advertised rent $600

Currumbin Unit: Median price $468,000, Annual capital growth 1.47%, Number of sales 76, Weekly median advertised rent $440

  • 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 5.09%. This compares favourably with the 1.88% for QLD as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Currumbin has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Currumbin are currently offering property investors an average price cut of -7.92% below the asking price at the moment.

Residents and property investors in Currumbin have been waiting around 65.23 days to sell a property.

Currumbin, 4223’s gross rental yield is 3.83%

At number 275th in the list of Australian suburbs ordered by increase in median house value over the last year, Currumbin, 4223 is in the top 20% with a property value increase of 12.77% recorded in median house prices.

Currumbin,4223 has offered an average of 12.77% return per annum in house price rises to property investors over the last three years.

Currumbin4223 is located in QLD which offers an average discount of -5.97% to property investors. Currumbin itself is showing figures that indicate -6.99% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Currumbin the average time real estate has been on the market is 90.33 days.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 1.47%, investors should hope to achieve an overall return of 4.89%

HOUSE UNIT
$815,500 $468,000
0.03% 4.70%
5.09% 12.77%
7.15% 1.47%
$600 $440
27 76
3.83% 4.89%
65.23 90.33

Source: CoreLogic

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