Suburb Profile Report for Mount Coolum QLD (4573)

Mount Coolum House: Median price $565,000, Annual capital growth 4.40%, Number of sales 74, Weekly median advertised rent $450

Mount Coolum Unit: Median price $395,000, Annual capital growth 4.37%, Number of sales 92, Weekly median advertised rent $428

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 1.88% which means that Mount Coolum, 4573 has done well for property investors by showing a capital gain of 13.00% over the last year

A 17.95% growth in median value for property investors in Mount Coolum,4573 puts this suburb at number 556th in terms of best performing suburbs in QLD

Vendor discounting in Mount Coolum is giving property investors an average Vendor Discount of around -4.56%. This puts suburb at number 695th in QLD when ranking the most discounted suburbs.

In the last year 74 properties changed hands in Mount Coolum, which puts it as the 311th most active market in QLD when comparing the number of sales per suburb.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 4.40%.

Property value increases in Mount Coolum have tracked just higher than the QLD average of 1.70% over the last 12 months.

Mount Coolum,4573 was ranked 1118 in Australia by increase in median property value over the quarter.

Property buyers and investors in Mount Coolum 4573 should be seeing an average reduction in asking price of around -4.48% . This means that Mount Coolum is holding prices well when compared to other suburbs in QLD.

On average over the past year, suburb has had 7.67 sales per month, which equates to 92 per year.

Mount Coolum is 131th on a list of best yielding suburbs for rents in QLD with a 5.63% return

HOUSE UNIT
$565,000 $395,000
-0.88% -0.63%
13.00% 6.76%
4.40% 4.37%
$450 $428
74 92
4.14% 5.63%
66.18 83.93

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Mount Coolum QLD
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
Chart Table
Recent sales & rentals