Coal Point

Coal Point is a suburb with a population of 1,749, showing steady population growth over the years. The residents are a mix of various age groups, with a significant number of individuals falling in the 45 to 64 years and 65 years or over categories. The suburb has a high median household income, with a notable percentage of professionals, managers, and technicians and trade workers in the workforce. Commute patterns indicate a reliance on motor vehicles, while a substantial number of residents also work from home. Coal Point presents a promising opportunity for property investors interested in houses. The suburb's market absorption rate suggests a balanced market, with moderate demand. The low vacancy rate and a high yield median indicate good rental potential for home buyers interested in leasing out their properties. The high median price compared to neighbouring suburbs might attract renovators looking for properties with a good sale price IQR ratio. Coal Point offers a comfortable lifestyle for its residents, with high educational standards observed in the ICSEA value for government schools. For property investors, particularly interested in houses, the suburb provides opportunities for rental yield and potential renovation projects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022