Suburb Profile Report for Coral Cove QLD (4670)

Coral Cove House: Median price $415,000, Annual capital growth -0.12%, Number of sales 23, Weekly median advertised rent $340

Coral Cove Unit: Median price $276,250, Annual capital growth 0.04%, Number of sales 12, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Coral Cove have tracked close to the QLD average of 2.11% over the last 12 months.

Coral Cove,4670 has offered an average of 3.81% return per annum in house price rises to property investors over the last three years.

The most recent median price for Coral Cove is $415000, with sellers offering an average of -9.20% off the asking price.

Property investors should expect to get $340 weekly from the median priced house in this suburb.

Property value increases in Coral Cove have tracked close to the QLD average of 1.12% over the last 12 months.

LACK OF BUYER INTEREST may well be the reason that Coral Cove is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 128th in terms of most discounted suburbs in QLD

In the last year 12 properties changed hands in Coral Cove, which puts it as the 365th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $340 mark per week – giving a return of 6.40% based on the median price in Suburb

HOUSE UNIT
$415,000 $276,250
5.06% -3.83%
3.81% 2.31%
-0.12% 0.04%
$340 $340
23 12
4.26% 6.40%
116.68 165.1

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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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