Suburb Profile Report for Currumbin Waters QLD (4223)

Currumbin Waters House: Median price $720,000, Annual capital growth 3.70%, Number of sales 149, Weekly median advertised rent $613

Currumbin Waters Unit: Median price $427,500, Annual capital growth 2.25%, Number of sales 61, Weekly median advertised rent $490

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

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

  • House Report
  • Unit Report

Investment property in Currumbin Waters 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 6.98%

Taking the average capital gain, or increase in median house value, Currumbin Waters,4223 has racked up an average of 6.98% over the period. This ranks it number 1412th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Currumbin Waters, 4223. Typically our figures indicate that -4.64% is being offered, which puts this QLD suburb at 2473th most discounted overall in Australia.

Currumbin Waters, 4223 ranked 71th in QLD when comparing growth in median property values or capital gain over the last 12 months. Currumbin Waters is one of 2415 in our list for QLD

The five-year average increase in median property values for Currumbin Waters,4223 has given property investors a potential capital gain of 31.34% across each of those five years.

The most recent median price for Currumbin Waters is $427500, with sellers offering an average of -3.96% off the asking price.

Currumbin Waters is 133th on a list of best yielding suburbs for rents in QLD with a 5.96% return

Metrics i HOUSE UNIT
$720,000 $427,500
3.34% -0.58%
6.98% 5.56%
3.70% 2.25%
$613 $490
149 61
4.42% 5.96%
60.3032786885246 59.5641025641026

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

DSR Score for property investment : Very good (H), Excellent (U)
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Demographics
Total population 8882
Median household income ($/weekly) 1044
Median age of persons 42
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1206 13.6
    35-44 years 1261 14.2
    45-54 years 1345 15.1
    55-64 years 1115 12.6
    65-74 years 802 9.0
    Others 3154 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 3304 50.5
    Not Married 2637 40.3
    Defacto Relationship 596 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6814 81.4
    Greece 61 0.7
    Papua New Guinea 423 5.1
    United Kingdom 557 6.7
    Other 140 1.7
    Others 372 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 111 1.4
    Christianity 5868 73.6
    Hinduism 19 0.2
    Other Religious Groups 27 0.3
    No Religion 1919 24.1
    Others 32 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 399 13.6
    $600-$799 334 11.4
    $800-$999 285 9.7
    $1,000-$1,249 268 9.1
    $1,500-$1,999 395 13.5
    Others 1250 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2485 37.0
    Employed, worked full-time 2271 33.8
    Employed, worked part-time 1392 20.7
    Unemployed, looking for work 309 4.6
    Employed, away from work 253 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 627 16.0
    Technicians & trades workers 725 18.5
    Clerical & administrative workers 611 15.6
    Sales 468 11.9
    Labourers 451 11.5
    Others 1035 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 108 5.6
    Infants/Primary 790 41.0
    Secondary 578 30.0
    Technical or Further Educational Institution 161 8.4
    University or other Tertiary Institutions 225 11.7
    Others 66 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6753 80.3
    Semi-detached, row or terrace house, townhouse 1224 14.6
    Flat, unit or apartment 388 4.6
    House or flat attached to a shop, office 37 0.4
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1249 39.0
    Fully owned 1127 35.2
    Rented 788 24.6
    Other tenure type 41 1.3
    Tenure Type
Census 2011, ABS
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