Suburb Profile Report for Mount Coolum QLD (4573)

Mount Coolum House: Median price $550,000, Annual capital growth 3.96%, Number of sales 71, Weekly median advertised rent $450

Mount Coolum Unit: Median price $392,750, Annual capital growth 4.23%, Number of sales 77, Weekly median advertised rent $420

  • 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 Mount Coolum, 4573 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -5.17%.

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.

Vendor discounting in Mount Coolum is giving property investors an average Vendor Discount of around -5.09%. This puts suburb at number 604th in QLD when ranking the most discounted suburbs.

With the median price for a house in Mount Coolum being $550000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.25%

Property investors who have had real estate in Mount Coolum, 4573 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.73%

If we look at median property appreciation over just the last three months, Mount Coolum has given property investors a paper return of 4.73%. This puts Suburb as 33 on a list of fastest fasting appreciating suburbs in QLD

Sellers are offering property buyers an average discount of -5.51% to buyers in Mount Coolum at the moment, which is less than average for the rest of QLD.

With the median price for a house in Mount Coolum being $392750 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.56%

Metrics i HOUSE UNIT
$550,000 $392,750
-2.65% 4.73%
-5.17% 4.73%
3.96% 4.23%
$450 $420
71 77
4.25% 5.56%
65.3 82.85

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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