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Coolaroo
AREA REPORTS

Coolaroo

Coolaroo - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3048

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Property investors enjoyed capital gains of 11.74% over the last 12 months in COOLAROO, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in COOLAROO are low, as opposed to average gains per annum over the past five years.

The suburb posted a 3.13% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

On average, rents on listings have reached the $350 mark, reflecting a 3.68% increase in returns based on the current median price in COOLAROO.

COOLAROO, 3048 ranks 399th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 158th on the list of best yielding suburbs for rental properties in VIC, posting a 3.68% return.

Data report can be found below

Coolaroo
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $495,000 N/A
GROWTH REPORT
Median Quarterly 5.32% N/A
Median 12 month 11.74% N/A
Median 3 years 3.13% N/A
Median 5 years 52.31% N/A
10 years average annual 5.45% N/A
Weekly media advert. rent $350 N/A
Time on Market 50.8 days N/A
Gross Rental Yield Percent 3.68% N/A
demographics (median values)*
Total Population
18029
Weekly Household Income
1017
Household Size
3.30
Age
32
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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