Coral Cove

POSTAL CODE: QLD, 4670

HOUSE

Property investors have seen a -0.51% drop in CORAL COVE based on a decrease in median home prices for the past three months.

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 $880,000

Profits averaged 7% 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 $700 based on current median home prices for the suburb.

The gross rental yield in CORAL COVE, 4670 is 4.14%.

An average of 3.17 real estate transactions take place per month in CORAL COVE which translates to 38 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$880,000	N/A
Growth Report
Median Quarterly	-0.51%	N/A
Median 12 month	10%	N/A
Median 3 years	21.8%	N/A
Median 5 years	84.29%	N/A
10 years average annual	8.01%	N/A
Weekly media advert. rent	$700	N/A
Time on Market	42.4 days	N/A
Gross Rental Yield Percent	4.14%	N/A

Demographics (Median Values)*

Total Population 765

Weekly Household Income 1160

Household Size 2.80

Average 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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