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Koongal suburb profile

Koongal is a residential suburb located in the northeastern part of Rockhampton, Queensland. Known for its peaceful environment and close-knit community, Koongal offers a suburban lifestyle with easy access to urban amenities. The suburb is characterized by a mix of older homes and newer developments, catering to a diverse range of residents. Koongal is conveniently located near schools, parks, and shopping centers, making it an attractive option for families and individuals seeking a balanced lifestyle. Its proximity to the Fitzroy River and natural reserves provides residents with opportunities for outdoor activities and relaxation.

Koongal property market performance

Current median dwelling price$385,000Past 3 months

Property growth+27.1%Past 12 months

Koongal's property market has experienced significant growth over the past 12 months, with house values increasing by 18.1%. The current median house price stands at $517,250. Although unit sales are minimal, with only one unit sold, the median unit value has surged by 32.7%, indicating potential interest in this sector.

Sales activity for houses has been robust, with 34 houses sold over the last 12 months. Houses are moving quickly, with a median of just 13 days on the market, reflecting strong demand. The unit market, however, remains largely inactive with no recent sales data available.

In the rental market, house rents have increased by 4.1% over the past year, with an average rent of $510. Units have seen a more substantial rise in rent, increasing by 8.6%, with an average rent of $380, suggesting a growing interest in rental units despite limited sales activity.

HousesUnits
Median price
Past 3 months
$540KN/A
Change in value
Past 12 months
18.1%36.0%
Sold
Past 3 months
342
Median days on market
Past 12 months
13N/A
Average rent
Past 12 months
$515$380
Change in rent
Past 12 months
5.1%8.6%

5 year median price trend for houses and units

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Koongal demographics

Koongal, a suburb located in the Rockhampton region of Queensland, offers a blend of suburban tranquility and accessibility to urban amenities. With a population of 4,252, Koongal is characterized by a median age of 35, indicating a balanced mix of young families and established residents. The suburb's family-friendly environment is evident, with 38.8% of households being couple families with children, and 35.6% being couple families without children, reflecting a community-oriented atmosphere.

The median total household income in Koongal is $1,320 per week, which aligns with the area's affordable living standards. Housing in Koongal is diverse, with a significant portion of properties being owned outright (27.7%) or with a mortgage (35.2%), showcasing a stable residential base. Additionally, 37.1% of properties are rented, providing options for those seeking flexible living arrangements.

Koongal's community is further enriched by its variety of family structures, including 23.7% one-parent families, which adds to the suburb's inclusive and supportive environment. The suburb's proximity to Rockhampton's city center ensures residents have access to essential services, educational institutions, and recreational facilities, making it an appealing choice for families and individuals seeking a balanced lifestyle in a suburban setting.

Suburbs near Koongal

Some popular suburbs near Koongal include:

  • Lakes Creek: Known for its industrial roots and proximity to the Fitzroy River, Lakes Creek is located to the northeast of Koongal.
  • Frenchville: Featuring a mix of residential areas and natural reserves, Frenchville is situated to the northwest of Koongal.
  • Berserker: Known for its shopping facilities and community amenities, Berserker lies directly west of Koongal.
  • Depot Hill: Characterized by its historic homes and riverside location, Depot Hill is located to the south of Koongal.
  • Park Avenue: Offering a blend of residential and commercial spaces, Park Avenue is situated to the west of Koongal.

How does Koongal compare to nearby suburbs?

  • Median house prices: Koongal’s median house price is 28.0% lower than Frenchville’s.
  • Median unit prices: Koongal’s median unit price is 11.1% higher than Frenchville’s.
  • House price growth: Over the past 12 months, house prices in Koongal have grown 1.8% higher than in Park Avenue.
  • Unit price growth: Over the past 12 months, unit prices in Koongal have grown 7.6% higher than in Berserker.
  • Selling speed for houses: Properties in Koongal are selling 7.1% faster than in Frenchville.

Choose the right real estate agents in Koongal

Choosing the right real estate agent in Koongal can have a big impact on your sale. While there are 48 real estate agents working in the suburb, but just 5 of them were responsible for 28.6% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.42% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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