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Cooroy

Suburb Profile

Cooroy - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4563

house

COOROY, 4563 delivered a weaker 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 9.38% for the past year.

Investors saw the median home price rise to $606,500.

Profits due to an upward trend in home prices in the suburb averaged 5.92% per annum over a 3-year period.

COOROY now ranks at the 157th 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 $490 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 84.4 days.

In 2016, 84 properties were sold in COOROY during the past year, making it the 66th most active market in QLD based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $606,500 N/A
GROWTH REPORT
Median Quarterly 5.48% N/A
Median 12 month 9.38% N/A
Median 3 years 17.77% N/A
Median 5 years 35.53% N/A
10 years average annual 2.74% N/A
Weekly media advert. rent $490 N/A
Time on Market 84.4 days N/A
Gross Rental Yield Percent 4.2% N/A
demographics (median values)
Total Population
2931
Weekly Household Income
653
Household Size
2.40
demographics
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