Thinking about buying in Cungulla? Now could not be a better time, with just 326 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $415,000 with prices in this suburb ranging from $116,000 to $696,000. Cungulla is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $245.00 |
Median Monthly Mortgage | $1200.00 |
Median Persons Per Bedroom | 0.90 |
Average Household Size | 2.00 |
Average Age | 58.00 |
Average Income | $575.00 |
Average Cars Per Dwelling | 1.99 |
Average Properties Within 50M | 5 |
1 Bed  $392,000 |
2 Bed  $369,000 |
3 Bed  $548,000 |
4 Bed  $690,000 |
5 Bed  $512,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Cungulla due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Cungulla changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Cungulla 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 Cungulla 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 Cungulla a better buying opportunity than it may have been in the past.
41 WHITING CT, CUNGULLA, QLD, 4816 | 4 | 1 | 3 | Mid $400,000's |
None within suburb boundary
(While the above schools are located with the suburb of Cungulla there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 3.1 | 23.4 | 32.5 | 55.8 | 86.2 | 3.6 | 23 |
Feb | 13.8 | 23.8 | 33.0 | 54.8 | 94.9 | 2.6 | 22.2 |
Mar | 6.0 | 22.8 | 30.8 | 64.7 | 89.5 | 2.8 | 20.5 |
Apr | 1.6 | 21.0 | 29.8 | 63.2 | 89.7 | 2.5 | 19.0 |
May | 1.3 | 17.9 | 27.1 | 52.8 | 86.6 | 2 | 16.3 |
Jun | 0.2 | 16.3 | 25.8 | 46.7 | 88 | 1.8 | 15.2 |
Jul | 0.9 | 15.9 | 26 | 42.2 | 80.8 | 1.9 | 16.6 |
Aug | 0 | 15.8 | 27.1 | 34.8 | 82.7 | 2.8 | 19.5 |
Sept | 0 | 17.9 | 29.0 | 38.9 | 84.6 | 3.3 | 22.0 |
Oct | 0.4 | 20.8 | 30.8 | 44.3 | 83.7 | 3.7 | 24.7 |
Nov | 0.2 | 22.3 | 32.2 | 53.8 | 79.2 | 3.9 | 25.7 |
Dec | 3.2 | 23.5 | 33.2 | 56.4 | 85.6 | 3.7 | 24.8 |
source: Australian Government Bureau of Meteorology
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