Suburb Profile Report for Mountain Creek QLD (4557)

Mountain Creek House: Median price $590,000, Annual capital growth 1.92%, Number of sales 225, Weekly median advertised rent $525

Mountain Creek Unit: Median price $380,000, Annual capital growth 2.51%, Number of sales 41, Weekly median advertised rent $418

  • 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.

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Mountain Creek, 4557 have given investors a capital gain of -1.67%. This compares badly with the 1.17% for QLD as a whole.

Mountain Creek,4557 was ranked 2923 in Australia by increase in median property value over the quarter.

Property buyers and investors in Mountain Creek 4557 should be seeing an average reduction in asking price of around -4.37% . This means that Mountain Creek is holding prices well when compared to other suburbs in QLD.

Renters in Suburb are facing rents around $27300 per annum or $525 every week.

Over the last year, property investments in Mountain Creek, 4557 have given investors a capital gain of -5.59%. This compares badly with the 0.65% for QLD as a whole.

While Mountain Creek,4557 ranked number 270th in QLD for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Mountain Creek is offering property investors an average of -6.19. This rate of discount on properties puts Suburb at number 214th in terms of most discounted suburbs in QLD

On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.

Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 2.51%, investors should hope to achieve an overall return of 5.71%

Information supplied by:




M
O

W
E

Growth slows in Sunshine Coast suburb

Postcode: 4557

Median house price: $602,000

Three-year growth: 11.2%

Rental yield: 4.5%

The suburb of Mountain Creek is part of the Sunshine Coast, and was named for the creek that runs with the water from the southern slopes of the Buderim.

Mountain Creek State High School is located here, and there’s a local mobile library that stops at Glenfields Boulevard and Karawatha Drive. For recreation, there’s a park and a shopping centre; residents can also bike or walk the trails to Kawana and Sippy Downs University. It’s great for families and children, as there is a childcare centre as well. Residents are served by a supermarket and a café.

While the February 2019 quarter showed a dip in prices, the past 5 years have been quite positive for Mountain Creek.

Metrics i HOUSE UNIT
$590,000 $380,000
-0.17% -1.94%
-1.67% -5.59%
1.92% 2.51%
$525 $418
225 41
4.63% 5.71%
71.4590163934426 96.1363636363637

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 : Good (H), Good (U)
Find a mortgage broker in Mountain Creek QLD
Demographics
Total population 7015
Median household income ($/weekly) 1345
Median age of persons 35
Median housing loan repayment ($/monthly) 2007
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1088 15.5
    25-34 years 900 12.8
    35-44 years 1047 14.9
    45-54 years 1116 15.9
    55-64 years 700 10.0
    Others 2163 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 2570 51.0
    Not Married 1887 37.4
    Defacto Relationship 587 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5123 76.0
    Papua New Guinea 524 7.8
    South Africa 92 1.4
    United Kingdom 619 9.2
    Other 148 2.2
    Others 236 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.0
    Christianity 4436 69.0
    Islam 14 0.2
    Other Religious Groups 16 0.2
    No Religion 1881 29.3
    Others 14 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 210 9.9
    $1,000-$1,249 202 9.6
    $1,250-$1,499 212 10.0
    $1,500-$1,999 331 15.7
    $2,000-$2,499 240 11.4
    Others 917 43.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2119 40.2
    Not in the labour force 1439 27.3
    Employed, worked part-time 1250 23.7
    Unemployed, looking for work 259 4.9
    Employed, away from work 209 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 387 10.8
    Professionals 550 15.4
    Technicians & trades workers 622 17.4
    Clerical & administrative workers 576 16.1
    Sales 500 14.0
    Others 943 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 97 5.2
    Infants/Primary 682 36.7
    Secondary 616 33.2
    Technical or Further Educational Institution 142 7.7
    University or other Tertiary Institutions 266 14.3
    Others 53 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6084 90.7
    Semi-detached, row or terrace house, townhouse 317 4.7
    Flat, unit or apartment 309 4.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1049 44.6
    Rented 730 31.1
    Fully owned 567 24.1
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
Chart Table