Mount Coolum

POSTAL CODE: QLD, 4573

HOUSE

UNIT

Property investments in MOUNT COOLUM fare well against the rest of the country last year, registering a median home price increase of 10.88%.

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

Based on its average 5-year and quarterly capital gains MOUNT COOLUM, 4573 saw average growth in the long term.

Real estate investors could earn a rental income of $992.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 33.2 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,413,750.

MOUNT COOLUM ranks 393rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.65% return.

Based on its average 5-year and quarterly capital gains MOUNT COOLUM, 4573 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in MOUNT COOLUM, 4573 averaged 10% per annum over a 3-year period.

Average weekly rents on listings have reached the $710 mark, reflecting a 4.06% increase in returns based on the current median price in MOUNT COOLUM.

An average of 3.58 real estate transactions take place per month in MOUNT COOLUM which translates to 43 per annum.

43 properties were sold in MOUNT COOLUM during the past year, making it the 110th most active market in QLD based on total real estate transactions.

MOUNT COOLUM, 4573 places 196th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,413,750	$910,000
Growth Report
Median Quarterly	4.92%	3.41%
Median 12 month	10.88%	15.37%
Median 3 years	40.32%	30%
Median 5 years	70.95%	78.43%
10 years average annual	10.03%	9.17%
Weekly media advert. rent	$993	$710
Time on Market	33.2 days	19.6 days
Gross Rental Yield Percent	3.65%	4.06%

Demographics (Median Values)*

Total Population 3174

Weekly Household Income 903.7

Household Size 2.40

Average Age 36

Monthly Loan Repayment 1365

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

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