Suburb Profile Report for Currumbin QLD (4223)

Currumbin House: Median price $909,000, Annual capital growth 4.45%, Number of sales 40, Weekly median advertised rent $698

Currumbin Unit: Median price $517,500, Annual capital growth 3.23%, Number of sales 51, Weekly median advertised rent $495

  • 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.

  • House Report
  • Unit Report

QLD has seen average median house prices change by 1.17% which means that Currumbin, 4223 has done well for property investors by showing a capital gain of 2.71% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Currumbin comes in at number 201th in QLD.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Currumbin itself are offering an average vendor discount of -6.40% to real estate investors.

In the last year 40 properties changed hands in Currumbin, which puts it as the 521th most active market in QLD when comparing the number of sales per suburb.

Currumbin, 4223’s gross rental yield is 3.99%

QLD has seen average median house prices change by 0.65% which means that Currumbin, 4223 has done well for property investors by showing a capital gain of 4.55% over the last year

Over the longer term, Currumbin has seen property prices show investors a 10.93% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.17% to buyers in Currumbin at the moment, which is less than average for the rest of QLD.

Property investors should expect to get $495 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$909,000 $517,500
5.70% 0.00%
2.71% 4.55%
4.45% 3.23%
$698 $495
40 51
3.99% 4.97%
77.1785714285714 67.2352941176471

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 : Above average (H), Good (U)
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Demographics
Total population 2785
Median household income ($/weekly) 1234
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 262 9.4
    25-34 years 426 15.3
    35-44 years 398 14.3
    45-54 years 418 15.0
    55-64 years 405 14.5
    Others 875 31.4
    Age Group
    Census Count Percent(%)
    Not Married 938 44.8
    Registered Married 896 42.8
    Defacto Relationship 259 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2049 79.2
    Papua New Guinea 136 5.3
    South Africa 30 1.2
    United Kingdom 150 5.8
    Other 70 2.7
    Others 153 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 2.1
    Christianity 1701 68.8
    Judaism 8 0.3
    Other Religious Groups 9 0.4
    No Religion 689 27.9
    Others 13 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 104 10.2
    $600-$799 101 10.0
    $1,000-$1,249 105 10.3
    $1,250-$1,499 109 10.7
    $1,500-$1,999 121 11.9
    Others 475 46.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 815 37.0
    Not in the labour force 666 30.3
    Employed, worked part-time 526 23.9
    Unemployed, looking for work 97 4.4
    Employed, away from work 96 4.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 13.9
    Professionals 314 21.9
    Technicians & trades workers 205 14.3
    Community & personal service workers 182 12.7
    Clerical & administrative workers 175 12.2
    Others 360 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 27 5.4
    Infants/Primary 166 33.2
    Secondary 138 27.6
    Technical or Further Educational Institution 49 9.8
    University or other Tertiary Institutions 94 18.8
    Others 26 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1305 51.3
    Flat, unit or apartment 860 33.8
    Semi-detached, row or terrace house, townhouse 378 14.8
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 419 37.4
    Being purchased 355 31.7
    Fully owned 343 30.6
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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