QLD/
Cooroy

Suburb Profile

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

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unit

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 14.57% for the past year.

Investors saw the median home price rise to $550,000.

Profits due to an upward trend in home prices in the suburb averaged 7.41% per annum over a 3-year period.

COOROY now ranks at the 201st 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 $452.5 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 88.7 days.

In 2016, 107 properties were sold in COOROY during the past year, making it the 884th most active market in QLD based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 $400,000
GROWTH REPORT
Median Quarterly 2.23% 1.27%
Median 12 month 14.57% 29.03%
Median 3 years 22.22% 22.32%
Median 5 years 34.97% 28.51%
10 years average annual 2.63% 6.18%
Weekly media advert. rent $452.5 $357.5
Time on Market 88.7 days 86.6 days
Gross Rental Yield Percent 4.28% 4.65%
demographics (median values)
Total Population
2931
Weekly Household Income
653
Household Size
2.40
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Cooroy, QLD
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