Suburb Profile Report for Coolangatta QLD (4225)

Coolangatta House: Median price $765,000, Annual capital growth 4.07%, Number of sales 31, Weekly median advertised rent $450

Coolangatta Unit: Median price $480,000, Annual capital growth 1.05%, Number of sales 288, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Coolangatta have tracked close to the QLD average of 1.98% over the last 12 months.

If we look at median property appreciation over just the last three months, Coolangatta has given property investors a paper return of -4.97%. This puts Suburb as 768 on a list of fastest fasting appreciating suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Coolangatta is offering property investors an average of -7.32. This rate of discount on properties puts Suburb at number 519th in terms of most discounted suburbs in QLD

The QLD suburb of Coolangatta, 4225 is in the Gold Coast local government area.

Coolangatta has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.89% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Coolangatta comes in at number 45th in QLD.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Coolangatta itself are offering an average vendor discount of -4.42% to real estate investors.

Residents and property investors in Coolangatta have been waiting around 82.81 days to sell a property.

HOUSE UNIT
$765,000 $480,000
-4.97% 4.35%
2.00% 11.89%
4.07% 1.05%
$450 $385
31 288
3.06% 4.17%
83.05 82.81

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 5192
Median household income ($/weekly) 797
Median age of persons 49
Median housing loan repayment ($/monthly) 1781
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 770 14.8
    35-44 years 580 11.2
    45-54 years 685 13.2
    55-64 years 840 16.2
    65-74 years 614 11.8
    Others 1704 32.8
    Age Group
    Census Count Percent(%)
    Not Married 2013 53.7
    Registered Married 1264 33.7
    Defacto Relationship 470 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3500 76.7
    Papua New Guinea 294 6.4
    Philippines 45 1.0
    United Kingdom 301 6.6
    Other 139 3.0
    Others 283 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.9
    Christianity 3079 70.6
    Hinduism 32 0.7
    Other Religious Groups 26 0.6
    No Religion 1119 25.7
    Others 22 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 233 11.0
    $400-$599 296 14.0
    $600-$799 288 13.6
    $800-$999 260 12.3
    $1,000-$1,249 193 9.1
    Others 842 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1862 44.6
    Employed, worked full-time 1190 28.5
    Employed, worked part-time 740 17.7
    Unemployed, looking for work 257 6.2
    Employed, away from work 126 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 373 18.2
    Technicians & trades workers 304 14.8
    Community & personal service workers 282 13.7
    Clerical & administrative workers 262 12.7
    Sales 246 12.0
    Others 588 28.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 168 27.5
    Secondary 99 16.2
    Technical or Further Educational Institution 120 19.6
    University or other Tertiary Institutions 172 28.1
    Other type of educational institution 29 4.7
    Others 24 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2855 67.3
    Separate house 913 21.5
    Semi-detached, row or terrace house, townhouse 346 8.2
    Caravan, cabin, houseboat 124 2.9
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1196 52.7
    Fully owned 718 31.7
    Being purchased 333 14.7
    Other tenure type 21 0.9
    Tenure Type
Census 2011, ABS
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