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Koongal, QLD 4701

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Koongal, QLD 4701 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Koongal, QLD 4701”

  1. The total adult population (15 years or older) of Koongal 4701 QLD is 3,368, with a median age of 35. Of those, 39.52% are married, 13.57% are divorced or separated, 42.46% are single and 4.48% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $6,400. The median monthly mortgage repayment for households in this suburb is $1,300 which is 20.31% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Koongal, postcode 4701, located in the state of Queensland, is a thriving residential area housing roughly 1,989 households. As we entered the third quarter of 2023, the housing market displayed characteristic prices averaging at $351,129. The bolstering median weekly rent of $380 has resulted in an encouraging indicative yield of 5.63%, exceeding the cashflow-centered property investor’s minimum market requirement of 3% yield.

    The area is strengthened by an IRSAD score of 872 out of 1217, presenting a mild yet promising socio-economic advantage among residents. Moreover, the renter to owner ratio is reported at 36%, which, while above the favoured maximum of 30%, indicates a balanced market that has not yet saturated with rental properties.

    Furthermore, the promisingly low units to houses ratio of 6% creates an environment less likely to face oversaturation from unit-based rentals and therefore exhibits reduced competition among landlords. This unique market quality suggests longer tenancy terms, typically seen with families and further helps maintain a higher, consistent rental yield.

    A highly attractive feature of the Koongal housing market is its affordability index. Taking into account factors such as typical property prices, median family income, and current interest rates, the ‘years to own’ stands at an enticing 21 years. This property ownership duration is well below the national mortgage average of 30 years, suggesting a high degree of affordability among residents.

    Supply metrics remained favourable with a stock on market Percentage for houses at 0.38% and an inventory level at 0.96 months, both indicating a low-supply market characteristic that can be an advantage for property owners. Furthermore, the building approvals Ratio for houses remains at an ideal 0.0%.

    However, a closer look at demand metrics reveals a slightly extended days on market for houses at 89 days, which can signify reduced demand. However, with a vacancy rate of only 1.39%, the demand seems quite stable. The buy search index for houses sits at 3, which is considered neutral, adding to the overall favourable demand-side picture of this market.

    Despite some fluctuations, the overall condition of the property market in Koongal provides an attractive proposition for property investors, particularly with its high yield and favourable supply conditions. This in-depth statistical analysis assists in highlighting attractive real estate pockets like Koongal, shedding light on potential opportunities for capital gains and positive cash flow.

    Please note that while these statistics provide a reliable insight into the current market conditions, trends over time are also critical to investors. Utilise dashboards and tools, like RCS developed by HtAG Analytics, for a comprehensive understanding of the property market. Remember, a few unfavourable metrics won’t overshadow a market’s potential if the majority indicators are favourable.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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