Canungra

POSTAL CODE: QLD, 4275
HOUSE
CANUNGRA ranks 741st in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 20.69% for the past year is higher than average compared to its 87.5% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in CANUNGRA, the median home price is sitting at $1,050,000, and the average rent at $720, this suggests property owners could potentially earn a 3.57% increase in gross rental yield.

Property investors have seen a 0% gain in CANUNGRA based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on CANUNGRA, 4275 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 20.69%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.99% growth over a ten-year period. It ranks 3rd on our list of suburbs that property investors should look into.

Surburb overview

Canungra is a rural town located in the Scenic Rim Region of South East Queensland, approximately 77.2 kilometres south of Brisbane's central business district. According to the 2021 Census, Canungra had a population of 1,436 people, with a nearly equal gender distribution.

Public transportation in Canungra is limited. Residents typically rely on private vehicles for their daily commute. For those without access to a car, travelling to Brisbane involves a combination of bus and train services, which take approximately 2 hours and 25 minutes.

Essential services in Canungra include a branch library operated by the Scenic Rim Regional Council at 12 Kidston Street, providing access to public Wi-Fi. The town also hosts several churches, including St. Luke's Anglican Church and St. Mary Margaret's Catholic Church. Residents may need to travel to nearby cities for medical services, as the available information does not detail specific facilities within Canungra.

Recreational activities in Canungra are abundant, owing to its proximity to natural attractions. The town serves as a gateway to the Gold Coast hinterland, featuring destinations such as Mount Tamborine and Lamington National Park. Visitors and residents can engage in activities such as hiking, camping, rock climbing, and birdwatching. The annual Canungra Rodeo, held every July, features events such as bull riding and barrel racing, along with live music and carnival rides.

Educational facilities in Canungra include Canungra State School, which caters to primary-level students. For secondary education, students typically attend schools in nearby towns, such as Tamborine Mountain State High School and Beaudesert State High School.

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