Buying Research

Investors eye out these 10 suburbs across the Gold Coast

Despite a highly uncertain period, these 10 suburbs on Queensland’s Gold Coast are proving to be attractive choices for interstate investors.

A new Where to Buy report from BuyersBuyers has identified the top suburbs on the Gold Coast for investors with a $700,000 to $1,200,000 house price budget. 

According to BuyersBuyers co-founder Pete Wargent, South East Queensland is “back on the radar for property investors”. The data follows the withdrawal of controversial land tax plans within the state.

“South-East Queensland is usually the most popular choice for interstate investors, and now we expect that to continue, which should help to take some of the pressure off rental markets,” said Mr Wargent. 

Here are 10 of their top picks: 

1. Upper Coomera, 4209

Sitting adjacent to the Gold Coast’s theme parks, Upper Coomera has a median house price of $889,206 across its 7,114 properties. The suburb has experienced a 35.5 per cent price growth over the last 12 months. 

2. Helensvale, 4212

Helensvale holds the second-highest median house price on the list at $1,143,807. The suburb has a total of 5,426 properties and parallels Upper Coomera with a 35.5 per cent price growth. 

3. Southport, 4215

Containing the Gold Coast’s central business district, Southport has witnessed a price growth of 30.4 per cent over the last year. Its median house price sits at $984,316, and it has 5,014 properties. 

4. Ormeau, 4208

Like its competitors, the hinterland town of Ormeau also experienced a 35.5 per cent price growth. The suburb’s 4,430 properties are posting a median price of $840,771.

5. Nerang, 4211

Nerang is situated 10 kilometres west of Surfers Paradise and has a current median house price of $842,218. The area has witnessed a 28.3 per cent price increase and contains 4,415 properties. 

6. Pacific Pines, 4211

Sitting just above Nerang is the suburb of Pacific Pines. Its 4,370 properties have a median price of $945,358 and have seen 32.9 per cent growth in price. 

7. Pimpama, 4209

With another 12-month price growth of 35.5 per cent, Pimpama is located in the Gold Coast’s northern region. The postcode consists of 4,219 properties with a median price of $761,730. 

8. Coomera, 4209

Coomera, dubbed the “theme park capital of the Gold Coast”, follows its neighbours with a 35.5 per cent price increase across its 4,184 properties. The median house price is currently $813,509. 

9. Mudgeeraba, 4213

Known for being a 19th-century village, Mudgeeraba tops the list with the highest median property price of $1,190,482. The suburb has witnessed 35.5 price growth and contains 3,820 properties. 

10. Oxenford, 4210

Oxenford sits on the northern end of the Gold Coast with a popular 12-month price growth of 35.5 per cent. Across its 3,642 properties, the town has a median price of $956,013. 

In conclusion, Mr Wargent noted that “the Gold Coast market has been a strong performer in recent years, but it’s in a bit of a downturn at the moment”.

He advised: “To generate a strong result over the next decade out to the Brisbane Olympics in 2032, it will be very important to buy the right property and at the right price.”

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