Suburb Profile Report for Cooloola Cove QLD (4580)

Cooloola Cove House: Median price $290,000, Annual capital growth 1.25%, Number of sales 95, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

At number 3194th in the list of Australian suburbs ordered by increase in median house value over the last year, Cooloola Cove, 4580 is in the BOTTOM 30% with a property value increase of -0.85% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Cooloola Cove,4580 has racked up an average of -0.85% over the period. This ranks it number 2568th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Cooloola Cove itself are offering an average vendor discount of -7.58% to real estate investors.

In the last year 95 properties changed hands in Cooloola Cove, which puts it as the 249th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $280 mark per week – giving a return of 5.02% based on the median price in Suburb

Metrics i HOUSE UNIT
$290,000 N/A
1.75% N/A
-0.85% N/A
1.25% N/A
$280 N/A
95 N/A
5.02% N/A
134.19 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2514
Median household income ($/weekly) 693
Median age of persons 50
Median housing loan repayment ($/monthly) 1343
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 308 12.3
    35-44 years 273 10.9
    45-54 years 281 11.2
    55-64 years 493 19.6
    65-74 years 460 18.3
    Others 698 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 1032 57.0
    Not Married 578 31.9
    Defacto Relationship 200 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1989 84.0
    Papua New Guinea 62 2.6
    Philippines 21 0.9
    United Kingdom 176 7.4
    Other 35 1.5
    Others 85 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1611 71.7
    No Religion 610 27.1
    Buddhism 14 0.6
    Islam 6 0.3
    Other Religious Groups 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 108 12.2
    $400-$599 202 22.8
    $600-$799 146 16.5
    $800-$999 108 12.2
    $1,000-$1,249 81 9.1
    Others 241 27.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1212 62.6
    Employed, worked full-time 335 17.3
    Employed, worked part-time 260 13.4
    Unemployed, looking for work 79 4.1
    Employed, away from work 51 2.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 123 18.9
    Clerical & administrative workers 68 10.5
    Sales 90 13.8
    Machinery operators & drivers 75 11.5
    Labourers 115 17.7
    Others 179 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 25 6.3
    Infants/Primary 192 48.6
    Secondary 133 33.7
    Technical or Further Educational Institution 24 6.1
    University or other Tertiary Institutions 14 3.5
    Others 7 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2270 97.1
    Caravan, cabin, houseboat 30 1.3
    Semi-detached, row or terrace house, townhouse 21 0.9
    Flat, unit or apartment 9 0.4
    Improvised home, tent, sleepers out 8 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 445 45.8
    Being purchased 301 31.0
    Rented 226 23.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals