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.