Coolangatta is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4225). With a population of 6,491, the suburb has a mature demographic with a median age of 50. Households earn a median income of $69K per year, with an average household size of 1.9 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Coolangatta is $1.9 million, having surged 21% over the past year. Units have a median price of $1.1 million (+11.4% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,805.
Coolangatta is served by 2 schools, including 2 primary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Coolangatta offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.9M/$1.1M), placing it in the premium segment. The price-to-income ratio of 27.1x is considered stretched. House prices have moved +21.0% year-on-year.
Coolangatta is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4225). With a population of 6,491, the suburb has a mature demographic with a median age of 50. Households earn a median income of $69K per year, with an average household size of 1.9 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Coolangatta is $1.9 million, having surged 21% over the past year. Units have a median price of $1.1 million (+11.4% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,805.
Coolangatta is served by 2 schools, including 2 primary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 19 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Coolangatta offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.9M/$1.1M), placing it in the premium segment. The price-to-income ratio of 27.1x is considered stretched. House prices have moved +21.0% year-on-year.