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Upper CoomeraUpper Coomera - SUBURB PROFILE REPORT
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UPPER COOMERA, 4209 ranks 1423rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.92% for property investors.
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 $660,000.
The upward trend in home prices in UPPER COOMERA, 4209 averaged 11.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.33% increase in returns based on the current median price in UPPER COOMERA.
An average of 58.17 real estate transactions take place per month in UPPER COOMERA which translates to 698 per annum.
698 properties were sold in UPPER COOMERA in 2016, making it the 123rd most active market in QLD based on total real estate transactions.
UPPER COOMERA, 4209 places 156th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | $425,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10% | 7.59% |
| Median 12 month | 26.92% | 23.01% |
| Median 3 years | 34.69% | 25.74% |
| Median 5 years | 41.63% | 25.18% |
| 10 years average annual | 5.78% | 1.96% |
| Weekly media advert. rent | $550 | $450 |
| Time on Market | 26.5 days | 21.8 days |
| Gross Rental Yield Percent | 4.33% | 5.51% |
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