Suburb Profile Report for Coolangatta QLD (4225)

Coolangatta House: Median price $797,500, Annual capital growth 2.77%, Number of sales 34, Weekly median advertised rent $600

Coolangatta Unit: Median price $580,000, Annual capital growth 3.39%, Number of sales 225, Weekly median advertised rent $420

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

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

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$797,500 $580,000
2.57% -2.52%
1.72% -4.53%
2.77% 3.39%
$600 $420
34 225
3.91% 3.77%
80.5714285714286 78.6986301369863

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

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Coolangatta QLD
Demographics
Total population 5192
Median household income ($/weekly) 797
Median age of persons 49
Median housing loan repayment ($/monthly) 1781
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 770 14.8
    35-44 years 580 11.2
    45-54 years 685 13.2
    55-64 years 840 16.2
    65-74 years 614 11.8
    Others 1704 32.8
    Age Group
    Census Count Percent(%)
    Not Married 2013 53.7
    Registered Married 1264 33.7
    Defacto Relationship 470 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3500 76.7
    Papua New Guinea 294 6.4
    Philippines 45 1.0
    United Kingdom 301 6.6
    Other 139 3.0
    Others 283 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 82 1.9
    Christianity 3079 70.6
    Hinduism 32 0.7
    Other Religious Groups 26 0.6
    No Religion 1119 25.7
    Others 22 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 233 11.0
    $400-$599 296 14.0
    $600-$799 288 13.6
    $800-$999 260 12.3
    $1,000-$1,249 193 9.1
    Others 842 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1862 44.6
    Employed, worked full-time 1190 28.5
    Employed, worked part-time 740 17.7
    Unemployed, looking for work 257 6.2
    Employed, away from work 126 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 373 18.2
    Technicians & trades workers 304 14.8
    Community & personal service workers 282 13.7
    Clerical & administrative workers 262 12.7
    Sales 246 12.0
    Others 588 28.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 168 27.5
    Secondary 99 16.2
    Technical or Further Educational Institution 120 19.6
    University or other Tertiary Institutions 172 28.1
    Other type of educational institution 29 4.7
    Others 24 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2855 67.3
    Separate house 913 21.5
    Semi-detached, row or terrace house, townhouse 346 8.2
    Caravan, cabin, houseboat 124 2.9
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1196 52.7
    Fully owned 718 31.7
    Being purchased 333 14.7
    Other tenure type 21 0.9
    Tenure Type
Census 2011, ABS
Chart Table