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Koongal
AREA REPORTS

Koongal

Koongal - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4701

house
unit

KOONGAL, 4701 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 KOONGAL, 4701 values up and netting property investors a capital gain of 6.5% for the past year.

Investors saw the median home price rise to $266,250.

Profits due to an upward trend in home prices in the suburb averaged 6.64% per annum over a 3-year period.

KOONGAL now ranks at the 647th 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 KOONGAL are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $350 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 KOONGAL, homes and units usually stay on listing for an average of 59.1 days.

In 2016, 110 properties were sold in KOONGAL during the past year, making it the 1042nd most active market in QLD based on total real estate transactions.

Data report can be found below

Koongal
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $266,250 $342,000
GROWTH REPORT
Median Quarterly 3.8% N/A
Median 12 month 6.5% N/A
Median 3 years 19.93% N/A
Median 5 years 11.4% N/A
10 years average annual 1.11% 280%
Weekly media advert. rent $350 $270
Time on Market 59.1 days 0.0 days
Gross Rental Yield Percent 6.84% 4.11%
demographics (median values)*
Total Population
4672
Weekly Household Income
851.1
Household Size
2.70
Age
31
Monthly Loan Repayment
905
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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