Suburb Profile Report for Mount Coolum QLD (4573)

Mount Coolum House: Median price $595,000, Annual capital growth 3.06%, Number of sales 61, Weekly median advertised rent $510

Mount Coolum Unit: Median price $414,250, Annual capital growth 3.12%, Number of sales 62, Weekly median advertised rent $390

  • 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

Property investors who have had real estate in Mount Coolum, 4573 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.19%

Mount Coolum,4573 was ranked 2234 in Australia by increase in median property value over the quarter.

At number 685th of QLD’s most discounted properties, Mount Coolum is in the TOP 10% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Mount Coolum being $595000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 4.46%

With a capital gain of 1.04% for the last 12 months, Mount Coolum, 4573 has performed for property investments than its average annual 3.12% property growth over the last 5 years.

While Mount Coolum,4573 ranked number 132th in QLD for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Mount Coolum is offering property investors an average of -6.43. This rate of discount on properties puts Suburb at number 208th in terms of most discounted suburbs in QLD

The QLD suburb of Mount Coolum, 4573 is in the Sunshine Coast (R) local government area.

Metrics i HOUSE UNIT
$595,000 $414,250
-0.50% 0.00%
-10.19% 1.04%
3.06% 3.12%
$510 $390
61 62
4.46% 4.90%
57.1363636363636 61.9038461538462

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 3668
Median household income ($/weekly) 1153
Median age of persons 38
Median housing loan repayment ($/monthly) 2058
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 527 14.4
    25-34 years 456 12.4
    35-44 years 698 19.0
    45-54 years 492 13.4
    55-64 years 372 10.1
    Others 1123 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 1195 48.4
    Not Married 947 38.3
    Defacto Relationship 328 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2778 80.2
    Greece 33 1.0
    Papua New Guinea 167 4.8
    United Kingdom 248 7.2
    Other 85 2.5
    Others 152 4.4
    Country of Birth
    Census Count Percent(%)
    Christianity 2045 61.8
    No Religion 1159 35.0
    Buddhism 83 2.5
    Other Religious Groups 18 0.5
    Judaism 4 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 127 10.6
    $600-$799 126 10.5
    $1,000-$1,249 138 11.5
    $1,500-$1,999 157 13.1
    $2,000-$2,499 117 9.8
    Others 532 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 962 35.6
    Not in the labour force 921 34.0
    Employed, worked part-time 566 20.9
    Unemployed, looking for work 141 5.2
    Employed, away from work 115 4.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 175 10.6
    Professionals 367 22.3
    Technicians & trades workers 290 17.6
    Community & personal service workers 206 12.5
    Clerical & administrative workers 205 12.5
    Others 402 24.4
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.0
    Infants/Primary 361 46.3
    Secondary 187 24.0
    Technical or Further Educational Institution 61 7.8
    University or other Tertiary Institutions 100 12.8
    Others 23 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2517 75.7
    Semi-detached, row or terrace house, townhouse 546 16.4
    Flat, unit or apartment 260 7.8
    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 545 41.4
    Rented 482 36.6
    Fully owned 290 22.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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