Suburb Profile Report for Coolangatta QLD (4225)

Coolangatta House: Median price $716,250, Annual capital growth 4.71%, Number of sales 32, Weekly median advertised rent $475

Coolangatta Unit: Median price $480,000, Annual capital growth 0.88%, Number of sales 326, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

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 -6.98%.

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

Our latest figures would indicate that property sellers in Coolangatta are currently offering property investors an average price cut of -3.28% below the asking price at the moment.

Often selling an investment property can take time, and in Coolangatta the average time real estate has been on the market is 53.47 days.

Property investors should expect to get $475 weekly from the median priced house in this suburb.

QLD has seen average median house prices change by 0.65% which means that Coolangatta, 4225 has done well for property investors by showing a capital gain of 4.92% over the last year

A -5.88% growth in median value for property investors in Coolangatta,4225 puts this suburb at number 220th in terms of best performing suburbs in QLD

Vendor discounting in Coolangatta is giving property investors an average Vendor Discount of around -4.42%. This puts suburb at number 251th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Coolangatta the average time real estate has been on the market is 89.05 days.

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

Metrics i HOUSE UNIT
$716,250 $480,000
-3.21% -1.03%
-6.98% 4.92%
4.71% 0.88%
$475 $400
32 326
3.45% 4.33%
53.47 89.05

Source: CoreLogic

DSR Score for property investment : Good (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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