If you compare the increase in value of investment property in Coolangatta, 4225 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -11.02%.
If we look at median property appreciation over just the last three months, Coolangatta has given property investors a paper return of -3.86%. This puts Suburb as 748 on a list of fastest fasting appreciating suburbs in QLD
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.10% offered to property buyers. Sellers in Coolangatta itself are offering an average vendor discount of -4.76% to real estate investors.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 3.69%.
Property value increases in Coolangatta have tracked close to the QLD average of 0.66% over the last 12 months.
Taking the average capital gain, or increase in median house value, Coolangatta,4225 has racked up an average of 1.08% over the period. This ranks it number 546th in the whole country for real estate investors looking at median house price increases.
Coolangatta4225 is located in QLD which offers an average discount of -6.08% to property investors. Coolangatta itself is showing figures that indicate -4.77% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 0.78%, investors should hope to achieve an overall return of 4.43%