Suburb Profile Report for Coolaroo VIC (3048)

Coolaroo House: Median price $340,000, Annual capital growth 5.76%, Number of sales 52, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report

Investment property in Coolaroo has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.68%

Coolaroo,3048 has offered an average of 9.68% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Coolaroo are currently offering property investors an average price cut of -5.82% below the asking price at the moment.

On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.89%, without taking into account capital value appreciation, which has been averaging out at 5.76%.

Metrics i HOUSE UNIT
$340,000 N/A
1.49% N/A
9.68% N/A
5.76% N/A
$320 N/A
52 N/A
4.89% N/A
47.45 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3261
Median household income ($/weekly) 797
Median age of persons 36
Median housing loan repayment ($/monthly) 1250
Average household size 3
  • Census Count Percent(%)
    5-14 years 467 14.3
    25-34 years 403 12.4
    35-44 years 419 12.8
    45-54 years 389 11.9
    65-74 years 328 10.1
    Others 1256 38.5
    Age Group
    Census Count Percent(%)
    Not Married 1205 51.9
    Registered Married 1040 44.8
    Defacto Relationship 79 3.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1706 56.6
    Ireland 328 10.9
    Malaysia 118 3.9
    Turkey 231 7.7
    Other 170 5.6
    Others 461 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 51 1.7
    Christianity 1586 54.0
    Islam 899 30.6
    Other Religious Groups 42 1.4
    No Religion 328 11.2
    Others 29 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 129 14.7
    $600-$799 145 16.6
    $800-$999 92 10.5
    $1,000-$1,249 100 11.4
    $1,500-$1,999 88 10.0
    Others 322 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1376 58.7
    Employed, worked full-time 496 21.2
    Employed, worked part-time 266 11.3
    Unemployed, looking for work 119 5.1
    Employed, away from work 87 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 134 15.7
    Community & personal service workers 83 9.7
    Clerical & administrative workers 98 11.5
    Machinery operators & drivers 162 19.0
    Labourers 144 16.9
    Others 232 27.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 245 34.6
    Secondary 232 32.7
    Technical or Further Educational Institution 84 11.8
    University or other Tertiary Institutions 69 9.7
    Other type of educational institution 43 6.1
    Others 36 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2905 96.8
    Flat, unit or apartment 49 1.6
    Semi-detached, row or terrace house, townhouse 36 1.2
    House or flat attached to a shop, office 11 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 380 40.5
    Being purchased 310 33.0
    Rented 239 25.5
    Other tenure type 10 1.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals