Suburb Profile Report for Coral Cove QLD (4670)

Coral Cove House: Median price $415,000, Annual capital growth -0.11%, Number of sales 29, Weekly median advertised rent $353

Coral Cove Unit: Median price $261,500, Annual capital growth 0.45%, Number of sales 18, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.21% for the last 12 months, Coral Cove, 4670 has performed for property investments than its average annual -0.11% property growth over the last 5 years.

Over the longer term, Coral Cove has seen property prices show investors a 9.21% return over the last 3 years. This is the same as over the last 12 months

Coral Cove4670 is located in QLD which offers an average discount of -7.10% to property investors. Coral Cove itself is showing figures that indicate -9.39% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.

Property value increases in Coral Cove have tracked lower than the QLD average of 0.66% over the last 12 months.

Across a shorter period, Coral Cove, 4670 has seen a median price increase of -5.77% over the last quarter.

Property investors looking for a bargain in Coral Cove should be aiming for at least -13.61% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4140 per annum or $345 every week.

Metrics i HOUSE UNIT
$415,000 $261,500
N/A -5.77%
9.21% -9.20%
-0.11% 0.45%
$353 $345
29 18
4.42% 6.86%
120.12 151.76

Source: CoreLogic

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 1127
Median household income ($/weekly) 1125
Median age of persons 37
Median housing loan repayment ($/monthly) 1800
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 177 15.7
    25-34 years 126 11.2
    35-44 years 145 12.9
    45-54 years 170 15.1
    55-64 years 156 13.8
    Others 354 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 508 65.0
    Not Married 206 26.4
    Defacto Relationship 67 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 886 81.4
    Papua New Guinea 22 2.0
    South Africa 21 1.9
    United Kingdom 82 7.5
    Other 27 2.5
    Others 50 4.6
    Country of Birth
    Census Count Percent(%)
    Christianity 815 77.0
    No Religion 210 19.8
    Islam 22 2.1
    Buddhism 12 1.1
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 48 14.3
    $600-$799 34 10.1
    $800-$999 45 13.4
    $1,500-$1,999 44 13.1
    $2,000-$2,499 30 8.9
    Others 135 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 315 37.4
    Employed, worked full-time 304 36.1
    Employed, worked part-time 149 17.7
    Unemployed, looking for work 41 4.9
    Employed, away from work 33 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 77 15.9
    Professionals 84 17.3
    Technicians & trades workers 74 15.3
    Clerical & administrative workers 65 13.4
    Labourers 53 10.9
    Others 132 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 20 7.3
    Infants/Primary 120 43.8
    Secondary 87 31.8
    Technical or Further Educational Institution 15 5.5
    University or other Tertiary Institutions 23 8.4
    Others 9 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1067 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    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 133 35.6
    Rented 129 34.5
    Fully owned 109 29.1
    Other tenure type 3 0.8
    Tenure Type
Census 2011, ABS
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