Coowonga QLD Property Investment

CAUTION — 1.6% gross yield on a $1,070,512 median.

Coowonga has compounded at 1.1%/yr over 5 years — a house that cost $1,013,528 in 2021 is worth $1,070,512 today. Properties are sitting on market for 45 days (roughly balanced conditions). At the same growth rate, today's median reaches $1,130,700 by 2031.

• Median house: $1,070,512 | Units: $238,403
• Gross yield: 1.6% | Net yield: 0.1%
• 5yr price CAGR: 1.1%/yr | 3yr forecast: 13.5%/yr
• Population: 255 | Owner-occupier rate: 69% | Affluence: Below Average

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $330/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

• Median nightly rate: $408/night | Occupancy: 44%
• Estimated annual STR gross: ~$65,454/yr
• vs long-term rent: $17,160/yr (+281% STR premium — factor in higher management costs)

• Bruce Highway Upgrade Program (Under Construction)
• Transport: Rockhampton station 24.0km away

If Coowonga maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $1,231,089 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Coowonga pull back 10-15% from $1,070,512, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• North Lakes (QLD): $1,179,423 median, 3.0% yield, 12.4% 1yr growth
• Murrumba Downs (QLD): $1,214,999 median, 3.1% yield, 17.5% 1yr growth
• Brendale (QLD): $830,027 median, 3.8% yield, 16.2% 1yr growth

Coowonga carries elevated risk that outweighs potential returns at current levels. A recovery market combined with moderate vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.

• Entry range: $963,461 – $1,177,563
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.