This property is Off Market
With an average age of 37, households expect an average monthly mortgage payment of $1,127 or a weekly rent payment of $290. The average family earns a weekly income of $1,731 with a typical household size of 2.4 and a 90.57% employment rate.
In Koongal there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Koongal is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Koongal leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Koongal necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Koongal we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Koongal a better buying opportunity than it may have been in the past.
(Country of Birth not stated 7%)
Lakes Creek a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Queensland State average 66 / 100
Income
17 / 100
32 / 100
Industry
17 / 100
32 / 100
Population
28 / 100
40 / 100
House Prices
49 / 100
63 / 100
Jobs
10 / 100
31 / 100
Incidents Trend State Average
Mount Archer State School
Koongal, QLD, 4701 State Prep-6
North Rockhampton State High School
Frenchville, QLD, 4701 State 7-12
Lakes Creek State School
Lakes Creek, QLD, 4701 State Prep-6
St Mary's Catholic Primary School
North Rockhampton, QLD, 4701 Independent Prep-6
Frenchville State School
Frenchville, QLD, 4701 State Prep-6
Kingsley College
Berserker, QLD, 4701 Independent Prep-12
Lighthouse Christian School
Norman Gardens, QLD, 4701 Independent Prep-12
Emmaus College
Park Avenue, QLD, 4701 Independent 7-12
Rockhampton North Special School
Frenchville, QLD, 4701 State Prep-12
Berserker Street State School
Berserker, QLD, 4701 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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