Coral Cove

POSTAL CODE: QLD, 4670

HOUSE

Property investors have seen a 4.16% 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 10.48%.

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 $864,500

Profits averaged 5.33% 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 4.21%.

An average of 4.92 real estate transactions take place per month in CORAL COVE which translates to 59 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$864,500	N/A
Growth Report
Median Quarterly	4.16%	N/A
Median 12 month	10.48%	N/A
Median 3 years	16.82%	N/A
Median 5 years	100.81%	N/A
10 years average annual	8.21%	N/A
Weekly media advert. rent	$700	N/A
Time on Market	62 days	N/A
Gross Rental Yield Percent	4.21%	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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