Suburb Profile Report for Mudgeeraba QLD (4213)

Mudgeeraba House: Median price $590,000, Annual capital growth 2.85%, Number of sales 202, Weekly median advertised rent $570

Mudgeeraba Unit: Median price $422,500, Annual capital growth 2.59%, Number of sales 80, Weekly median advertised rent $470

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Mudgeeraba, 4213 ranked 619th in QLD when comparing growth in median property values or capital gain over the last 12 months. Mudgeeraba is one of 2415 in our list for QLD

The five-year average increase in median property values for Mudgeeraba,4213 has given property investors a potential capital gain of 19.80% across each of those five years.

At number 573th of QLD’s most discounted properties, Mudgeeraba is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Mudgeeraba the average time real estate has been on the market is 53.7191 days.

A $570 per week rent on the median house gives suburb investors a gross yield of circa 5.02%, without taking into account capital value appreciation, which has been averaging out at 2.85%.

At number 106th in the list of Australian suburbs ordered by increase in median house value over the last year, Mudgeeraba, 4213 is in the top 10% with a property value increase of 15.75% recorded in median house prices.

Mudgeeraba,4213 was ranked 188 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Mudgeeraba is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 185th in terms of most discounted suburbs in QLD

A $470 per week rent on the median house gives suburb investors a gross yield of circa 5.88%, without taking into account capital value appreciation, which has been averaging out at 2.59%.

Information supplied by:


October 2017

M
O

W
E

House supply drops in classic suburb

Postcode: 4213

Median house price: $580,000

Stock on market: -24.4%

12-month growth: 8.4%

Bursting with old-world beauty, the suburb of Mudgeeraba is a gem on the Gold Coast Hinterland. Believed by many to have been built around the Wallaby Hotel, which was once known as Mudgeeraba Hotel in 1884, this suburb has capitalised on its historical charm and reputation as a food hub.

The village boasts a strong commercial scene – the local farmers’ markets are regarded as the oldest in the Gold Coast region and offers produce, coffee, cheese and wine, among other food products. Restaurants, cafes and art galleries enhance the quaint atmosphere.

Mudgeeraba is mainly composed of housing stock, which fell in the 12 months leading up to July 2017. This has led to vacancies tightening even more and house values increasing by around 8%.

 

Metrics i HOUSE UNIT
$590,000 $422,500
-0.08% 4.97%
-3.28% 15.75%
2.85% 2.59%
$570 $470
202 80
5.02% 5.88%
53.7191011235955 77.4477611940299

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Mudgeeraba QLD
Demographics
Total population 13203
Median household income ($/weekly) 1294
Median age of persons 36
Median housing loan repayment ($/monthly) 2056
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 2071 15.7
    25-34 years 1649 12.5
    35-44 years 2055 15.6
    45-54 years 1846 14.0
    55-64 years 1482 11.2
    Others 4100 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 4861 51.4
    Not Married 3581 37.9
    Defacto Relationship 1013 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 9113 71.9
    Papua New Guinea 1121 8.8
    South Africa 232 1.8
    United Kingdom 961 7.6
    Other 392 3.1
    Others 859 6.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 194 1.6
    Christianity 8847 72.7
    Hinduism 55 0.5
    Other Religious Groups 58 0.5
    No Religion 2925 24.0
    Others 85 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 414 10.3
    $1,000-$1,249 442 11.0
    $1,250-$1,499 401 10.0
    $1,500-$1,999 610 15.2
    $2,000-$2,499 460 11.5
    Others 1688 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3826 39.3
    Not in the labour force 2918 29.9
    Employed, worked part-time 2211 22.7
    Unemployed, looking for work 461 4.7
    Employed, away from work 330 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 693 10.9
    Professionals 1139 17.9
    Technicians & trades workers 1045 16.4
    Clerical & administrative workers 971 15.2
    Sales 808 12.7
    Others 1713 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 227 6.6
    Infants/Primary 1439 41.8
    Secondary 932 27.1
    Technical or Further Educational Institution 256 7.4
    University or other Tertiary Institutions 474 13.8
    Others 117 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10700 84.4
    Semi-detached, row or terrace house, townhouse 1715 13.5
    Flat, unit or apartment 208 1.6
    Caravan, cabin, houseboat 44 0.3
    House or flat attached to a shop, office 14 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1986 45.0
    Rented 1333 30.2
    Fully owned 1070 24.2
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
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