Cooee Bay

POSTAL CODE: QLD, 4703

HOUSE

UNIT

COOEE BAY, 4703 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 COOEE BAY, 4703 values up and netting property investors a capital gain of 3.63% for the past year.

Investors saw the median home price rise to $756,500.

Profits due to an upward trend in home prices in the suburb averaged 9.41% per annum over a 3-year period.

COOEE BAY now ranks at the 908th 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 COOEE BAY 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 $600 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 COOEE BAY, homes and units usually stay on listing for an average of 38 days.

In 2016, 20 properties were sold in COOEE BAY during the past year, making it the 604th most active market in QLD based on total real estate transactions.

COOEE BAY ranks 66th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

COOEE BAY, 4703 has a capital gain of 35.15% for the past year, which is higher than average compared to its 156.04% growth within a five-year period.

COOEE BAY, 4703 ranks 47th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 35.15% for property investors last year.

With the median home price in COOEE BAY sitting at $582,500, and the average rent at $550, property owners could potentially earn a 4.91% increase in gross rental yield.

Property investors have seen a 15.69% gain in COOEE BAY based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on COOEE BAY, 4703 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 35.15%.

A survey of average capital gains or median home price increase in suburbs across the country shows that COOEE BAY, 4703 obtained a 22.84% growth over a ten-year period. It ranks 1262nd 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	$756,500	$582,500
Growth Report
Median Quarterly	-2.89%	15.69%
Median 12 month	3.63%	35.15%
Median 3 years	28.22%	75.98%
Median 5 years	75.93%	156.04%
10 years average annual	9.02%	22.84%
Weekly media advert. rent	$600	$550
Time on Market	38 days	N/A
Gross Rental Yield Percent	4.12%	4.91%

Demographics (Median Values)*

Total Population 1270

Weekly Household Income 814.2

Household Size 2.30

Average Age 39

Monthly Loan Repayment 1000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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