Koongal

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 20.65% for the past year.

Investors saw the median home price rise to $558,000.

Profits due to an upward trend in home prices in the suburb averaged 26.67% per annum over a 3-year period.

KOONGAL now ranks at the 346th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $520 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 30.2 days.

In 2016, 116 properties were sold in KOONGAL during the past year, making it the 920th most active market in QLD based on total real estate transactions.

KOONGAL ranks 390th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

KOONGAL, 4701 has a capital gain of -28.63% for the past year, which is lower than average compared to its 174.52% growth within a five-year period.

With the median home price in KOONGAL sitting at $285,500, and the average rent at $420, property owners could potentially earn a 7.65% increase in gross rental yield.

Property investors have seen a -5.46% drop in KOONGAL based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that KOONGAL, 4701 obtained a 46.62% growth over a ten-year period. It ranks 939th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$558,000	$285,500
Growth Report
Median Quarterly	3.05%	-5.46%
Median 12 month	20.65%	-28.63%
Median 3 years	80%	105.4%
Median 5 years	123.2%	174.52%
10 years average annual	9.36%	46.62%
Weekly media advert. rent	$520	$420
Time on Market	30.2 days	N/A
Gross Rental Yield Percent	4.85%	7.65%

Demographics (Median Values)*

Total Population 4672

Weekly Household Income 851.1

Household Size 2.70

Average 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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