Suburb Profile Report for Coolangatta QLD (4225)

Coolangatta House: Median price $1,425,000, Annual capital growth 5.72%, Number of sales 36, Weekly median advertised rent $570

Coolangatta Unit: Median price $728,500, Annual capital growth 1.30%, Number of sales 310, Weekly median advertised rent $400

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Coolangatta is in the bottom 20% in QLD when comparing median price capital growth over the last year. Coolangatta gave property investors a dismal capital gain figure when compared to the rest of the state, with 5.45%.

Taking the average capital gain, or increase in median house value, Coolangatta,4225 has racked up an average of 5.45% over the period. This ranks it number 4877th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Coolangatta 4225 should be seeing an average reduction in asking price of around -5.41% . This means that Coolangatta is holding prices well when compared to other suburbs in QLD.

Coolangatta, 4225’s gross rental yield is 3.32%

Property value increases in Coolangatta have tracked just higher than the QLD average of 14.15% over the last 12 months.

Comparing Coolangatta,4225 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property investors looking for a bargain in Coolangatta should be aiming for at least -3.80% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,425,000 $728,500
4.59% 4.59%
5.45% 16.25%
5.72% 1.30%
$570 $400
36 310
3.32% 4.24%
61.1759259259259 30.1617647058824

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. 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 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
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