Suburb Profile Report for Currimundi QLD (4551)

Currimundi House: Median price $518,500, Annual capital growth 2.14%, Number of sales 96, Weekly median advertised rent $475

Currimundi Unit: Median price $399,500, Annual capital growth 1.91%, Number of sales 32, Weekly median advertised rent $433

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

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

  • House Report
  • Unit Report

At number 2604th in the list of Australian suburbs ordered by increase in median house value over the last year, Currimundi, 4551 is in the BOTTOM 40% with a property value increase of -4.86% recorded in median house prices.

A 17.84% growth in median value for property investors in Currimundi,4551 puts this suburb at number 764th in terms of best performing suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Currimundi is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 486th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Currimundi the average time real estate has been on the market is 67.1446 days.

A $475 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 2.14%.

If you compare the increase in value of investment property in Currimundi, 4551 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -8.16%.

The five-year average increase in median property values for Currimundi,4551 has given property investors a potential capital gain of 15.80% across each of those five years.

At number 224th of QLD’s most discounted properties, Currimundi is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Currimundi have been waiting around 60.5455 days to sell a property.

Using the current median advertised rental of $432.5 and the average annual increase in value of a median property of 1.91%, investors should hope to achieve an overall return of 5.63%

Metrics i HOUSE UNIT
$518,500 $399,500
-3.98% -4.88%
-4.86% -8.16%
2.14% 1.91%
$475 $433
96 32
4.76% 5.63%
67.144578313253 60.5454545454546

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6613
Median household income ($/weekly) 943
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 950 14.4
    25-34 years 672 10.2
    35-44 years 930 14.1
    45-54 years 854 12.9
    55-64 years 770 11.6
    Others 2438 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 2453 52.5
    Not Married 1737 37.1
    Defacto Relationship 486 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5094 81.1
    Greece 56 0.9
    Papua New Guinea 344 5.5
    United Kingdom 454 7.2
    Other 102 1.6
    Others 234 3.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 0.6
    Christianity 4359 73.3
    Islam 6 0.1
    Other Religious Groups 11 0.2
    No Religion 1528 25.7
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 330 15.0
    $600-$799 299 13.6
    $800-$999 245 11.1
    $1,000-$1,249 221 10.0
    $1,500-$1,999 264 12.0
    Others 842 38.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2032 40.9
    Employed, worked full-time 1578 31.7
    Employed, worked part-time 998 20.1
    Unemployed, looking for work 223 4.5
    Employed, away from work 143 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 410 15.1
    Technicians & trades workers 513 18.9
    Community & personal service workers 306 11.3
    Clerical & administrative workers 367 13.5
    Sales 367 13.5
    Others 756 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 88 6.1
    Infants/Primary 654 45.1
    Secondary 406 28.0
    Technical or Further Educational Institution 104 7.2
    University or other Tertiary Institutions 147 10.1
    Others 50 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5297 87.1
    Semi-detached, row or terrace house, townhouse 736 12.1
    Flat, unit or apartment 45 0.7
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 887 37.4
    Being purchased 772 32.5
    Rented 691 29.1
    Other tenure type 23 1.0
    Tenure Type
Census 2011, ABS
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