As a homeowner, you’re always looking for ways to ensure that your investment is solid and continues to grow. If you’re thinking of buying in the Gold Coast area, then these top growth suburbs are definitely worth considering! Each of these suburbs has shown significant increases in value over the past year and is predicted to continue growing well into 2022.
So if you’re ready to make a move on the Gold Coast property market, then be sure to consider these top growth suburbs!
Southport
Southport should definitely be on your radar if you’re looking for a suburb with strong growth potential. With a median house price of $810,500 and a rental yield of 3.83%, it’s an excellent suburb for investors. And with a rental population of 40% and an average age of 20-38, it’s also perfect for families.
Last year, Southport’s 3 bedroom median house price rose by 22.8%, making it one of the top-performing suburbs on the Gold Coast. So if you’re looking for an affordable place to live or invest, Southport is worth considering.
As a real estate agent focused on Southport, I can help you find your dream home or profitable investment property. Please give me a call on 0424 237 486 to get started.
Currumbin
If you’re looking for a laid-back Gold Coast suburb with great real estate opportunities, look no further than Currumbin. House prices in Currumbin exploded in 2021, with the median price rising by more than $400,000. The low supply of houses makes the investment market competitive, but with a median house price of $1,450,000 and a rental yield of 2.8%, it’s definitely worth considering.
Currumbin is located south of Surfers Paradise and offers a more relaxed lifestyle than its hustle-and-bustle neighbour. So if you’re looking for a Gold Coast investment property by the beach, be sure to add Currumbin to your list!
Coolangatta
As anyone who has ever tried to buy a house in Sydney or Melbourne will know, the Australian property market is notoriously expensive. For those looking to get on the property ladder, places like Coolangatta are a breath of fresh air. With a median house price of just over $1.5 million, Coolangatta is definitely more affordable than its southern counterparts.
However, prices are still growing rapidly, with an increase of more than $500,000 in the past year alone. This makes Coolangatta a great suburb to invest in real estate. In addition to its relatively low prices, Coolangatta also offers a peaceful lifestyle that is often lacking in larger cities. For those looking for an escape from the rat race, Coolangatta is the perfect investment!
Ashmore
According to REA Group, Ashmore is one of the top growth suburbs on the Gold Coast. It is located inland of Surfers Paradise, offering more house and land packages than the apartment-dominated oceanfront. Ashmore has great access to a range of schools, shops, restaurants, and parks.
Over the past year, the medium 3 bedroom house price rose a whopping 28.6%, or $160k, making it a solid investment suburb.
The median house price in Ashmore is $820,000 and the median apartment price is $457,500. The rental house yield in Ashmore is 4.1% and the rental apartment yield is 5.7%. If you are looking to invest in real estate on the Gold Coast, Ashmore is a suburb you should consider.
Labrador
Labrador is one of the top growth suburbs on the Gold Coast, and it’s easy to see why. It’s a suburb with a great mix of affordability and proximity to the water, and it’s also within an hour’s drive of Brisbane. That makes it a suburb that has a lot to offer investors in terms of potential rental yield and capital growth. The median 3 bedroom house price rose 2.9% in 2022 (26.5% in 2021)
Today, the medium house price is $680,000 and the median apartment price is $430,000. The rental house yield is 3.7% and the rental apartment yield is 5%.
If you’re looking for a suburb to invest in on the Gold Coast, Labrador should definitely be on your radar.
Robina
Robina is one of the top growth suburbs on the Gold Coast, with a median house price of $872,500. The suburb has seen a 17.8% increase in median 2 bedroom house prices in the last year alone, making it an attractive investment for those looking to buy real estate on the Gold Coast. Robina is also a suburb with a high rental yield, with houses averaging a 4.3% yield and apartments averaging a 5.6% yield. This makes it a great option for investors looking for a healthy return on their investment.
Whether you’re looking to live in or invest in Robina, it’s clear that this suburb is on the rise and is sure to remain a top growth suburb for years to come.
Conclusion
These are just a few of the top growth suburbs on the Gold Coast. If you’re looking to invest in real estate on the Gold Coast, be sure to consider all of these suburbs, and be sure to give me a call! I have the experience and market knowledge to help you find the perfect investment property in a suburb that’s sure to offer a great ROI.
The Gold Coast suburbs listed in this article offer a great mix of affordability, proximity to the water, and potential for capital growth. So whether you’re looking for a place to live or an investment property, the Gold Coast has something for everyone!
