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 11.54% for the past year.
Investors saw the median home price rise to $531,500.
Profits due to an upward trend in home prices in the suburb averaged 7.87% per annum over a 3-year period.
COOROY now ranks at the 139th 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 $455 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 85.0 days.
In 2016, 90 properties were sold in COOROY during the past year, making it the 39th most active market in QLD based on total real estate transactions.
COOROY, 4563 has a capital gain of 29.55% for the past year, which is higher than average compared to its 36.61% growth within a five-year period.
COOROY, 4563 ranks 65th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 29.55% for property investors last year.
With the median home price in COOROY sitting at $382,500, and the average rent at $355, property owners could potentially earn a 4.83% increase in gross rental yield.
Property investors have seen a 4.79% gain in COOROY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on COOROY, 4563 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 29.55%.
A survey of average capital gains or median home price increase in suburbs across the country shows that COOROY, 4563 obtained a 9.58% growth over a ten-year period. It ranks 13th on our list of suburbs that property investors should look into.