Coolangatta has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.72% to date .
Coolangatta,4225 was ranked 724 in Australia by increase in median property value over the quarter.
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 Coolangatta, 4225. Typically our figures indicate that -7.26% is being offered, which puts this QLD suburb at 1282th most discounted overall in Australia.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 2.77%, investors should hope to achieve an overall return of 3.91%
Over the last year, property investments in Coolangatta, 4225 have given investors a capital gain of -4.53%. This compares badly with the -0.13% for QLD as a whole.
If we look at median property appreciation over just the last three months, Coolangatta has given property investors a paper return of -2.52%. This puts Suburb as 257 on a list of fastest fasting appreciating suburbs in QLD
Coolangatta, 4225 is offering QLD ‘s 175th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this QLD.
In the last year 225 properties changed hands in Coolangatta, which puts it as the 10th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Coolangatta being $580000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.77%