Cooroy

POSTAL CODE: QLD, 4563

HOUSE

UNIT

COOROY, 4563 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling COOROY, 4563 values up and netting property investors a capital gain of 11.92% for the past year.

Investors saw the median home price rise to $1,150,000.

Profits due to an upward trend in home prices in the suburb averaged 9.02% per annum over a 3-year period.

COOROY now ranks at the 122nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in COOROY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $800 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COOROY, homes and units usually stay on listing for an average of 65.2 days.

In 2016, 99 properties were sold in COOROY during the past year, making it the 3rd most active market in QLD based on total real estate transactions.

COOROY ranks 321st in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

COOROY, 4563 has a capital gain of 0% for the past year, which is lower than average compared to its 102.5% growth within a five-year period.

With the median home price in COOROY sitting at $811,000, and the average rent at $610, property owners could potentially earn a 3.91% increase in gross rental yield.

Property investors have seen a -6.78% drop in COOROY based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that COOROY, 4563 obtained a 13.09% growth over a ten-year period. It ranks 1554th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,150,000	$811,000
Growth Report
Median Quarterly	8.24%	-6.78%
Median 12 month	11.92%	0%
Median 3 years	27.07%	35.17%
Median 5 years	76.92%	102.5%
10 years average annual	9.91%	13.09%
Weekly media advert. rent	$800	$610
Time on Market	65.2 days	N/A
Gross Rental Yield Percent	3.62%	3.91%

Demographics (Median Values)*

Total Population 2931

Weekly Household Income 653

Household Size 2.40

Average Age 42

Monthly Loan Repayment 1105

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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