Suburb Profile Report for Coral Cove QLD (4670)

Coral Cove House: Median price $415,000, Annual capital growth 0.03%, Number of sales 27, Weekly median advertised rent $355

Coral Cove Unit: Median price $277,500, Annual capital growth 2.48%, Number of sales 13, Weekly median advertised rent $345

  • 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 Coral Cove, 4670 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.72%.

Coral Cove,4670 was ranked 2380 in Australia by increase in median property value over the quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Coral Cove itself are offering an average vendor discount of -9.67% to real estate investors.

A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 0.03%.

Investment property in Coral Cove has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.89%

Coral Cove, 4670 is offering QLD ‘s 9th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.

Using the current median advertised rental of $345 and the average annual increase in value of a median property of 2.48%, investors should hope to achieve an overall return of 6.46%

Metrics i HOUSE UNIT
$415,000 $277,500
0.85% N/A
-0.72% -2.89%
0.03% 2.48%
$355 $345
27 13
4.45% 6.46%
125.33 139.92

Source: CoreLogic

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