Suburb Profile Report for Koongal QLD (4701)

Koongal House: Median price $245,000, Annual capital growth -0.89%, Number of sales 79, Weekly median advertised rent $293

Koongal Unit: Median price $90,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $240

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Koongal, 4701 ranked 90th in QLD when comparing growth in median property values or capital gain over the last 12 months. Koongal is one of 2415 in our list for QLD

The five-year average increase in median property values for Koongal,4701 has given property investors a potential capital gain of 0.00% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Koongal itself are offering an average vendor discount of -7.21% to real estate investors.

At number 2855 in a list of fastest selling suburbs, Koongal is in the bottom 30% of suburbs in Australia with an average of days on market 93.1071 for properties listed there.

With the median price for a house in Koongal being $245000 and the advertised rent reaching $292.5 the gross rental yield for property investors calculates out to be 6.21%

Metrics	HOUSE	UNIT
Median price	$245,000	$90,000
Quarterly growth	3.38%	N/A
12-month growth	17.37%	N/A
Average Annual Growth	-0.89%	N/A
Weekly median advertised rent	$293	$240
Number of sales	79	12
Gross rental yield	6.21%	13.87%
Days on market	93.1071428571429	N/A

DSR Score for property investment : Above average (H), Balanced (U)

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Demographics

Total population	4727
Median household income ($/weekly)	1136
Median age of persons	31
Median housing loan repayment ($/monthly)	1517
Average household size	2.7

Census	Count	Percent(%)
5-14 years	722	15.3
25-34 years	751	15.9
35-44 years	625	13.2
45-54 years	569	12.0
55-64 years	479	10.1
Others	1581	33.4

Age Group

Census	Count	Percent(%)
Not Married	1406	43.8
Registered Married	1393	43.4
Defacto Relationship	409	12.7

Social Marital Status

Census	Count	Percent(%)
Australia	3880	87.5
Papua New Guinea	60	1.4
United Kingdom	62	1.4
Viet Nam	185	4.2
Other	110	2.5
Others	135	3.0

Country of Birth

Census	Count	Percent(%)
Buddhism	120	2.8
Christianity	3054	72.4
Islam	28	0.7
Other Religious Groups	19	0.5
No Religion	985	23.3
Others	14	0.3

Religious Affiliation

Census	Count	Percent(%)
$400-$599	178	12.6
$800-$999	135	9.5
$1,000-$1,249	148	10.4
$1,500-$1,999	211	14.9
$2,000-$2,499	148	10.4
Others	597	42.1

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1482	43.7
Not in the labour force	1062	31.3
Employed, worked part-time	579	17.1
Employed, away from work	147	4.3
Unemployed, looking for work	122	3.6

Person Characteristics

Census	Count	Percent(%)
Professionals	248	11.2
Technicians & trades workers	349	15.8
Community & personal service workers	238	10.8
Clerical & administrative workers	295	13.4
Labourers	514	23.3
Others	561	25.4

Occupation

Census	Count	Percent(%)
Pre-school	55	5.4
Infants/Primary	452	44.1
Secondary	274	26.7
Technical or Further Educational Institution	108	10.5
University or other Tertiary Institutions	108	10.5
Others	28	2.7

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	4033	92.4
Flat, unit or apartment	325	7.4
Semi-detached, row or terrace house, townhouse	7	0.2
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0