Coolangatta has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -13.73% to date .
The five-year average increase in median property values for Coolangatta,4225 has given property investors a potential capital gain of 41.16% across each of those five years.
Vendor discounting in Coolangatta is giving property investors an average Vendor Discount of around -4.70%. This puts suburb at number 656th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
A $465 per week rent on the median house gives suburb investors a gross yield of circa 3.46%, without taking into account capital value appreciation, which has been averaging out at 3.34%.
Giving property investors a an average capital gain of 4.44% for the last year, Coolangatta, 4225 is the 799th highest performer in Australia in this respect.
Over the longer term, Coolangatta has seen property prices show investors a 26.97% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Coolangatta should be aiming for at least -4.71% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 25.83 sales per month, which equates to 310 per year.
With the median price for a house in Coolangatta being $482500 and the advertised rent reaching $415 the gross rental yield for property investors calculates out to be 4.47%