Suburb Profile Report for Cooroy QLD (4563)

Cooroy House: Median price $476,500, Annual capital growth 3.10%, Number of sales 90, Weekly median advertised rent $450

Cooroy Unit: Median price $295,250, Annual capital growth 4.58%, Number of sales 10, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Cooroy has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 3.81% to date .

Taking the average capital gain, or increase in median house value, Cooroy,4563 has racked up an average of 3.81% over the period. This ranks it number 2013th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Cooroy should be aiming for at least -5.34% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 3.10%, investors should hope to achieve an overall return of 4.91%

QLD has seen average median house prices change by 1.12% which means that Cooroy, 4563 has done well for property investors by showing a capital gain of -8.59% over the last year

Cooroy,4563 has offered an average of -8.59% return per annum in house price rises to property investors over the last three years.

HOUSE UNIT
$476,500 $295,250
-0.52% -9.57%
3.81% -8.59%
3.10% 4.58%
$450 N/A
90 10
4.91% N/A
102.73 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 3459
Median household income ($/weekly) 851
Median age of persons 45
Median housing loan repayment ($/monthly) 1650
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 493 14.3
    35-44 years 417 12.1
    45-54 years 484 14.0
    55-64 years 471 13.6
    65-74 years 399 11.5
    Others 1195 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 1213 49.3
    Not Married 1020 41.5
    Defacto Relationship 227 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2718 83.8
    Greece 31 1.0
    Papua New Guinea 105 3.2
    United Kingdom 231 7.1
    Other 47 1.4
    Others 111 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 1.5
    Christianity 2030 65.7
    Hinduism 9 0.3
    Other Religious Groups 14 0.5
    No Religion 982 31.8
    Others 8 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 137 11.2
    $400-$599 192 15.7
    $600-$799 153 12.5
    $800-$999 151 12.3
    $1,500-$1,999 122 10.0
    Others 470 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1187 45.4
    Employed, worked full-time 687 26.3
    Employed, worked part-time 567 21.7
    Unemployed, looking for work 95 3.6
    Employed, away from work 81 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 186 13.9
    Technicians & trades workers 231 17.3
    Community & personal service workers 171 12.8
    Clerical & administrative workers 182 13.6
    Labourers 172 12.9
    Others 395 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.5
    Infants/Primary 316 44.4
    Secondary 219 30.8
    Technical or Further Educational Institution 43 6.0
    University or other Tertiary Institutions 67 9.4
    Others 20 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2971 93.1
    Semi-detached, row or terrace house, townhouse 56 1.8
    Flat, unit or apartment 126 3.9
    Caravan, cabin, houseboat 22 0.7
    House or flat attached to a shop, office 12 0.4
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 533 40.4
    Being purchased 425 32.2
    Rented 351 26.6
    Other tenure type 9 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals