Get a property report and suburb profile for any property in Cooroy

Cooroy is a Sunshine Coast hinterland town at the foot of the Blackall Range with a compact historic main street of timber buildings, independent shops and cafes and a village feel. Housing ranges from older weatherboard Queenslanders and character cottages to modern family homes and larger rural-residential blocks on the outskirts. There is a railway station on the North Coast line, and residents enjoy nearby walking tracks, pockets of rainforest and easy access to coastal beaches and larger centres.

Home to 4,801 people with a median age of 50, the typical household brings in $1,289 a week. Most dwellings are owner-occupied and families are largely couples, together accounting for 83.3% of families, while about 20% of homes are rented. Council-backed projects under way include an indoor all-weather extension to the Cooroy Sports Complex, upgrades to walking and cycle paths and road works, plus a 25-unit social housing project and regional funding identified for affordable housing. That mix tends to suit families and people seeking a quieter, country-style lifestyle, though whether it fits you depends on what you want from a suburb.

On the figures for Cooroy, the median house price of $1,356,250 works out to about 20.2 times a typical local household's annual income as recorded at the last Census, which is well above local incomes. The average house rent of $800 a week would take roughly 62.1% of that typical household's weekly income at the last Census, a large share of income. In short, both buying and renting a house here look stretched against what a typical local household earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest movement for Cooroy over the past 12 months was on houses: median house values climbed 14.9%, a strong rise, while house rents increased 6.7%, a solid gain.

Put another way, capital growth on the house side outpaced rental income this year. If capital growth is your priority, the 14.9% value rise is the larger story; if rental income is what you care about, the 6.7% rent increase is the relevant figure. Whether that pattern makes Cooroy a suitable investment for you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.