Suburb Profile Report for Coral Cove QLD (4670)

Coral Cove House: Median price $413,250, Annual capital growth -0.47%, Number of sales 26, Weekly median advertised rent $350

Coral Cove Unit: Median price $276,250, Annual capital growth 3.72%, Number of sales 10, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3367th in the list of Australian suburbs ordered by increase in median house value over the last year, Coral Cove, 4670 is in the BOTTOM 20% with a property value increase of -3.22% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coral Cove has fallen somewhat when compared to the 5 year average annual rate.

The most recent median price for Coral Cove is $413250, with sellers offering an average of -8.74% off the asking price.

Situated 291.53km from the CBD, Coral Cove is one of Bundaberg localities in the postcode 4670.

QLD has seen average median house prices change by 0.65% which means that Coral Cove, 4670 has done well for property investors by showing a capital gain of -0.45% over the last year

Coral Cove,4670 has offered an average of -0.45% return per annum in house price rises to property investors over the last three years.

In the last year 10 properties changed hands in Coral Cove, which puts it as the 384th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Coral Cove being $276250 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 6.59%

Metrics i HOUSE UNIT
$413,250 $276,250
2.04% -0.45%
-3.22% -0.45%
-0.47% 3.72%
$350 $350
26 10
4.40% 6.59%
116.61 N/A

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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