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Cooroy, QLD 4563

Home » QLD Real Estate Data » Noosa Shire, QLD » Cooroy, QLD 4563

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 Cooroy, QLD 4563 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 

2BR

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5BR

Rent 

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “Cooroy, QLD 4563”

  1. The total adult population (15 years or older) of Cooroy 4563 QLD is 4,060, with a median age of 50. Of those, 49.14% are married, 15.44% are divorced or separated, 27.64% are single and 7.71% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,976. The median monthly mortgage repayment for households in this suburb is $1,733 which is 29.00% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Queensland, the charming suburb of Cooroy – 4563, hosts an estimated 2,508 households. As we venture into the third quarter of 2023, the average home price in Cooroy stands at an inviting $940,751. Supplementing this figure, the median weekly rent price hovers at a considerable $701. These price points give rise to an appealing indicative yield of around 3.87%.

    In terms of the socio-economic backdrop, Cooroy boasts a notably high IRSAD score of 961 out of a possible 1,217. This suggests a community with good access to economic resources, mature income levels, and a healthy presence of skilled professionals.

    Adding further value, a low renter to owner ratio of 20% creates a favourable market with fewer rental competitors and a more organised, owner-residing neighbourhood. Continuing this appealing trend, a favourable unit to house ratio of just 7% signifies a predominantly house-based market, an attractive prospect for families and long-term tenants.

    However, it’s important to note, the affordability index does pose a daunting 62 years to fully own a property. Despite this, the affordable weekly rents could provide some respite for investors with a steady rental yield.

    Supply is far from an issue in Cooroy, a delight for property investors and buyers agents alike. The stock on the market accounts for a mere 0.23% of the total dwellings –signalling a low supply market, beneficial for landlords and property owners. This reflects in the inventory level, sitting comfortably low at 0.85 months, in addition to a reassuring building approval ratio of 0.0%.

    Days on the market for houses in Cooroy averages 80 days, indicating a neutral demand. Vacancy Rates, a combined average between houses and units, linger at a neutral rate of 2.4%, a balanced figure in the spectrum of property market metrics.

    Then there’s the dynamic buy search index for houses standing at 6, indicating a high level of demand in the online world. This is a testament to the increasing interest in Cooroy’s property market.

    In summary, backed by favourable supply, demand, essential, and fundamental metrics, Cooroy presents a potentially rewarding investment opportunity for those with a balanced risk profile and long-term investment outlook. As always, observing trends and adapting to market nuances is key to striking gold in property investing. Make sure you leverage tools like the RCS (Relative Composite Score) by HtAG Analytics for comprehensive, automated market data.

    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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