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Coral Cove
AREA REPORTS

Coral Cove

Coral Cove - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4670

house

Property investors have seen a 4.43% gain in CORAL COVE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on CORAL COVE, 4670 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 26.04%.

Based on its average 5-year and quarterly capital gains CORAL COVE, 4670 saw average growth in the long term.

The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $530,000

Profits averaged 15.07% per annum over a 3-year period, due to an upward trend in home prices in CORAL COVE, 4670.

This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

The gross rental yield in CORAL COVE, 4670 is 4.71%.

An average of 4.58 real estate transactions take place per month in CORAL COVE which translates to 55 per annum.

Data report can be found below

Coral Cove
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $530,000 N/A
GROWTH REPORT
Median Quarterly 4.43% N/A
Median 12 month 26.04% N/A
Median 3 years 45.21% N/A
Median 5 years 27.71% N/A
10 years average annual 2.96% N/A
Weekly media advert. rent $480 N/A
Time on Market 43.7 days N/A
Gross Rental Yield Percent 4.71% N/A
demographics (median values)*
Total Population
765
Weekly Household Income
1160
Household Size
2.80
Age
38
Monthly Loan Repayment
1400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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