Suburb Profile Report for Mount Coolum QLD (4573)

Mount Coolum House: Median price $550,000, Annual capital growth 4.03%, Number of sales 67, Weekly median advertised rent $450

Mount Coolum Unit: Median price $383,500, Annual capital growth 4.05%, Number of sales 85, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Mount Coolum is in the bottom 40% in QLD when comparing median price capital growth over the last year. Mount Coolum gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

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

Sellers are offering property buyers an average discount of -5.20% to buyers in Mount Coolum at the moment, which is less than average for the rest of QLD.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

QLD has seen average median house prices change by 0.65% which means that Mount Coolum, 4573 has done well for property investors by showing a capital gain of 2.27% over the last year

Mount Coolum,4573 has offered an average of 2.27% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Mount Coolum is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 168th in terms of most discounted suburbs in QLD

At number 958 in a list of fastest selling suburbs, Mount Coolum is in the bottom 40% of suburbs in Australia with an average of days on market 88.8 for properties listed there.

Metrics i HOUSE UNIT
$550,000 $383,500
-0.90% 1.59%
0.00% 2.27%
4.03% 4.05%
$450 $420
67 85
4.25% 5.69%
69.7 88.8

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3668
Median household income ($/weekly) 1153
Median age of persons 38
Median housing loan repayment ($/monthly) 2058
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 527 14.4
    25-34 years 456 12.4
    35-44 years 698 19.0
    45-54 years 492 13.4
    55-64 years 372 10.1
    Others 1123 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 1195 48.4
    Not Married 947 38.3
    Defacto Relationship 328 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2778 80.2
    Greece 33 1.0
    Papua New Guinea 167 4.8
    United Kingdom 248 7.2
    Other 85 2.5
    Others 152 4.4
    Country of Birth
    Census Count Percent(%)
    Christianity 2045 61.8
    No Religion 1159 35.0
    Buddhism 83 2.5
    Other Religious Groups 18 0.5
    Judaism 4 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 127 10.6
    $600-$799 126 10.5
    $1,000-$1,249 138 11.5
    $1,500-$1,999 157 13.1
    $2,000-$2,499 117 9.8
    Others 532 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 962 35.6
    Not in the labour force 921 34.0
    Employed, worked part-time 566 20.9
    Unemployed, looking for work 141 5.2
    Employed, away from work 115 4.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 175 10.6
    Professionals 367 22.3
    Technicians & trades workers 290 17.6
    Community & personal service workers 206 12.5
    Clerical & administrative workers 205 12.5
    Others 402 24.4
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.0
    Infants/Primary 361 46.3
    Secondary 187 24.0
    Technical or Further Educational Institution 61 7.8
    University or other Tertiary Institutions 100 12.8
    Others 23 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2517 75.7
    Semi-detached, row or terrace house, townhouse 546 16.4
    Flat, unit or apartment 260 7.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 545 41.4
    Rented 482 36.6
    Fully owned 290 22.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals