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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $491,000.
The upward trend in home prices in UPPER COOMERA, 4209 averaged 0.84% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 4.87% increase in returns based on the current median price in UPPER COOMERA.
An average of 42.67 real estate transactions take place per month in UPPER COOMERA which translates to 512 per annum.
512 properties were sold in UPPER COOMERA in 2016, making it the 242nd most active market in QLD based on total real estate transactions.
UPPER COOMERA, 4209 places 511th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $491,000 | $334,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.2% | 1.21% |
| Median 12 month | 1.24% | 1.21% |
| Median 3 years | 2.51% | -1.69% |
| Median 5 years | 15.53% | 5.03% |
| 10 years average annual | 1.53% | -0.61% |
| Weekly media advert. rent | $460 | $390 |
| Time on Market | 67.2 days | 79.8 days |
| Gross Rental Yield Percent | 4.87% | 6.07% |
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