Suburb Profile Report for Mudgeeraba QLD (4213)

Mudgeeraba House: Median price $595,000, Annual capital growth 2.10%, Number of sales 214, Weekly median advertised rent $570

Mudgeeraba Unit: Median price $382,500, Annual capital growth 1.41%, Number of sales 69, Weekly median advertised rent $485

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Mudgeeraba have tracked close to the QLD average of 1.17% over the last 12 months.

Comparing Mudgeeraba,4213 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Mudgeeraba should be aiming for at least -4.91% off the asking price, which is the average vendor discount being achieved at the moment.

The QLD suburb of Mudgeeraba, 4213 is in the Gold Coast (C) local government area.

QLD has seen average median house prices change by 0.65% which means that Mudgeeraba, 4213 has done well for property investors by showing a capital gain of -4.26% over the last year

While Mudgeeraba,4213 ranked number 233th in QLD for increase in median house value (annualised) increase, it is ranked 57th over the last 5 years.

At number 193th 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.

On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.

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
$595,000 $382,500
0.80% -0.65%
-0.83% -4.26%
2.10% 1.41%
$570 $485
214 69
4.98% 6.59%
50.3403141361257 74.8076923076923

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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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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