Suburb Profile Report for Mountain Creek QLD (4557)

Mountain Creek House: Median price $610,000, Annual capital growth 2.63%, Number of sales 192, Weekly median advertised rent $520

Mountain Creek Unit: Median price $400,000, Annual capital growth 4.71%, Number of sales 34, Weekly median advertised rent $425

  • 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.

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  • House Report
  • Unit Report

With a capital gain of -1.61% for the last 12 months, Mountain Creek, 4557 has performed for property investments than its average annual 2.63% property growth over the last 5 years.

Over the longer term, Mountain Creek has seen property prices show investors a 12.96% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Mountain Creek is $610000, with sellers offering an average of -4.99% off the asking price.

Mountain Creek, 4557’s gross rental yield is 4.43%

Giving property investors a a stable capital gain of 2.56% for the last year, Mountain Creek, 4557 is the 443th highest performer in Australia in this respect.

A 7.53% growth in median value for property investors in Mountain Creek,4557 puts this suburb at number 266th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Mountain Creek should be aiming for at least -3.20% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $425 and the average annual increase in value of a median property of 4.71%, investors should hope to achieve an overall return of 5.53%

Information supplied by:




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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
$610,000 $400,000
1.33% -3.82%
-1.61% 2.56%
2.63% 4.71%
$520 $425
192 34
4.43% 5.53%
69.6751592356688 116.916666666667

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 : Above average (H), Above average (U)
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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
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