Suburb Profile Report for Koongal QLD (4701)

Koongal House: Median price $219,000, Annual capital growth -1.70%, Number of sales 41, Weekly median advertised rent $275

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.

Are you moving house? Our tip: move your mortgage too.

House Report

With a capital gain of -1.35% for the last 12 months, Koongal, 4701 has performed for property investments than its average annual -1.70% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Koongal has fallen somewhat when compared to the 5 year average annual rate.

Vendor discounting in Koongal is giving property investors an average Vendor Discount of around -10.66%. This puts suburb at number 43th in QLD when ranking the most discounted suburbs.

A $275 per week rent on the median house gives suburb investors a gross yield of circa 6.53%, without taking into account capital value appreciation, which has been averaging out at -1.70%.

Metrics	HOUSE	UNIT
Median price	$219,000	N/A
Quarterly growth	-0.23%	N/A
12-month growth	-1.35%	N/A
Average Annual Growth	-1.70%	N/A
Weekly median advertised rent	$275	N/A
Number of sales	41	N/A
Gross rental yield	6.53%	N/A
Days on market	90.8333333333333	N/A

Your estimated repayment
$847.31/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

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

Find another suburb

Find a mortgage broker in Koongal QLD

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