Gold Coast, Australia’s Sixth largest City is one of the fast paced cities and almost all the suburbs show good reasons to invest in it. The suburbs of Gold Coast are pretty much affordable and profitable as well in a way. If you are still confused about which suburbs to invest in 2021, we are here to help you out with that. Now! Before we start with listing suburbs, let’s walk you through what makes the Gold Coast a great choice for property investment in 2021. We always say that buying one house for personal use is not exactly what you call an investment property decision because then the strategies of smart investment(Link of Smart Property Investment) and buying behaviour changes. Here we are talking about long-term property investment. That being said, let’s get rolling now!
WHY INVEST IN GOLD COAST PROPERTIES IN 2021
Gold Coast being a major tourist attraction, has faced a turn down in early 2020 just as any other City in the world would have been. But with the upscaling economy it is getting better day by day and its suburbs also continue to rise up high with its full advantage. Below are mentioned just a few reasons that we found to be the strength of Gold Coast:
- Gold Coast is seeing a good and strong trend in terms of property in 2021. In Fact it started damage control of Covid’s negative impact from mid 2020 due to its super strong fundamental principles.
- The Queensland government also invested $1.146 Billion to rebuild the employment opportunities and recover the economy of Gold Coast.
- Some investors also believe that property investment in Gold Coast right now is one of the wisest decisions as the properties in almost all the suburbs of Gold Coast are very affordable and are growing in terms of valuation and rental yields.
- With the Covid 19 impact wearing down and new government initiatives Gold Cost is going to witness yet more interstate migrants and increased population thereby increasing the demand in real estate.
- According to abc.net.au (https://www.abc.net.au/news/2021-06-22/apartment-sales-surge-gold-coast-property-market/100230834) the demand for properties is going crazy in Gold Coast as it is one of the ideal sunny city to live in.
- Gold Coast also become advantageous because many buyers are now strategizing to sell out their houses based in Sydney and Melbourne and purchase better properties on Gold Coast thereby saving themselves some extra money as well as the educated investors understand that Long-term benefits are higher in Gold Coast.
- Gold witnessed the median house price of $749,950 in March 2021 which is almost 15% higher as compared to that of 2020.
Gold Coast is one of the most lucrative cities for investors and residents. These are just a few pointers as to what makes Gold Coast a wise decision to invest in. There can be many reasons to invest in Gold Coast this year and even in 2022. Researching more into it you will be hunched with yet many reasons. Before moving further please note that this is an informative article based on our research. Before you invest into any property, we strongly recommend you to get a face to face consultation with an expert advisor to understand what works best according to your needs and budget.
We have collected the list of suburbs herewith but by no means it is a final ranking. We have stated some parameters like median prices, median rent, average annual growth rate, gross rental yields etc. You may decide which suburb suits best based on your purpose of investment be it be long-term or short-term growth, positive cash flow or high rental yields or future growth based on trends etc. Everything being said and done, let’s end your patience here and jump into the Suburbs list.
THE BEST SUBURBS FOR PROPERTY INVESTMENT IN GOLD COAST FOR 2021
[1] Burleigh Waters:
Burleigh is a worth residing suburb in the City of Gold Coast with a current population of 14,310 people. Burleigh Waters has been developed with 70% detached houses, some with waterfront position, mixed with 21% townhouses and units. The lifestyle here is quite rich.
Burleigh Waters has recorded Median sale prices for houses and units at $1,025,000 and $495,000 respectively with Average Annual Growth Rate of 6.77% for houses and 3.87% for units. The Median Rent per week shown by Burleigh Waters for houses is $730 and for units is $478 depicting Gross Rental yields of 3.70% for houses and 5.02% for units.
[2] Broadbeach Waters:
Broadbeach Waters is a residential suburb on Gold Coast with a population of 7,779 people. Most of the properties in Broadbeach Waters are very close to or adjacent to the man-made Canals. Broadbeach Waters nestles the second largest shopping center of Gold Coast – Pacific Fair. Many real estate experts estimate that Broadbeach Waters will have more luxurious and lavish houses and units developments in upcoming years.
According to Corelogic’s latest report, the Median sale prices in Broadbeach Waters for houses is $1,385,000 and for units is $530,000 and the Median rent per week for houses and units is reported at $820 and $498 respectively. The Average Annual Growth Rate of Broadbeach Waters for houses reach 6.74% and for units is 3.76% with Gross rental yields for houses and units to be 3.76% and 4.88% accordingly.
[3] Surfers Paradise:
Surfers Paradise is a coastal town and suburb in Gold Coast with a population of 23,689 people. The suburb nestles high-rise apartment buildings and a wide surf beach. Surfers Paradise offers some of the Gold Coast’s best shopping opportunities, with a variety of stores located in Cavill Avenue and surrounding streets.
The Average Annual Growth Rate for Surfers Paradise’s houses and units are 1.56% and 1.02% respectively. The Median Sale Price for houses of Surfers Paradise is $1,520,000 and $415,000 for units. Surfers Paradise showed Median Rent per Week for houses as $780 and for units $420 with Gross Rental Yield of 2.67% and 5.26% for houses and units accordingly.
[4] Robina:
Robina is one the initial master-planned residential Community in the City of Gold Coast with a current population of 23,106 people. Robina is quite popular for its health facilities, schools, colleges, parks and sports as well. Robina is a lavish suburb well put for its highly sophisticated apartments and homes and other infrastructure developments.
Robina’s Median Sale Price for houses is $770,000 and for units is $488,944 with an Average Annual Growth Rate of 4.11% and 0.70% for houses and units respectively. The Median Rent per Week for Robina’s houses as reported by CoreLogic is $620 and for units is $530 with Gross Rental Yields of 4.19% for houses and 5.64% for units accordingly.
[5] Miami:
Miami is a coastal suburb located along the Gold Coast Highway with a population of 6,843 people. Miami is one of the most sought after suburbs on GOld Coast with quite affordable family homes. Miami offers both detached houses and townhouses in proportion of ⅓rd and ¼ th . Miami is also renowned for its surfing and clubbing culture.
Miami has recorded Median sale prices for houses and units at $990,000 and $555,000 respectively with Average Annual Growth Rate of 6.72% for houses and 4.73% for units. The Median Rent per week shown by Miami for houses is $625 and for units is $500 depicting Gross Rental yields of 3.28% for houses and 4.68% for units.
[6] Noosaville:
Noosaville is a town and suburb. There are canal homes, homes on the hill behind with a little bit of bush setting and homes a little out of town on acreage. Noosaville tends to show good DSR in terms of property which is also estimated to rise yet higher over a few more years with all the developments.
According to Corelogic’s latest report, the Median sale prices in Noosaville for houses is $1,360,000 and for units is $600,000 and the Median rent per week for houses and units in Noosaville is reported at $700 and $510 respectively. The Average Annual Growth Rate of Noosaville for houses reach 5.88% and for units is 5.66% with Gross rental yields for houses and units to be 2.68% and 4.42% accordingly.
[7] Noosa Heads:
Noosa Heads is a tremendous coastal town and suburb in Gold Coast with a current population of 4,484 people. The beach at Noosa Heads has been a main tourist attraction since the 1890s. Noosa Heads was awarded as one of the Q150 Icons for its location.
Source: realestate.com.au
The Average Annual Growth Rate for Noosa Heads’ houses and units are 8.71% and 7.62% respectively. The Median Sale Price for houses of Noosa Heads is $1,465,000 and $1,122,500 for units. Noosa Heads showed Median Rent per Week for houses as $780 and for units $625 with Gross Rental Yield of 2.77% and 2.90% for houses and units accordingly.
[8] Palm Beach:
Palm Beach is a coastal suburb of Gold Coast with a population of 14,654 people. Palm Beach has been thrice voted for Queensland’s cleanest beach by the Keep Australia Beautiful Council. Palm Beach fosters wonderful beachfront living with increasing development and demand for Luxury apartments.
Palm Beach’s Median Sale Price for houses is $1,030,000 and for units is $600,000 with an Average Annual Growth Rate of 7.15% and 5.52% for houses and units respectively. The Median Rent per Week for Palm Beach’s houses as reported by CoreLogic is $698 and for units is $460 with Gross Rental Yields of 3.52% for houses and 3.99% for units accordingly.
[9] Mudgeeraba:
Mudgeeraba is a town and suburb with 13,624 people located in the City of Gold Coast. Mudgeeraba has been awarded the Friendliest Town Award in 2009. Mudgeeraba is a developing suburb hence offering much growth in investment property in future.
Mudgeeraba has recorded Median sale prices for houses and units at $715,000 and $450,000 respectively with Average Annual Growth Rate of 4.43% for houses and 3.53% for units. The Median Rent per week shown by Mudgeeraba for houses is $600 and for units is $490 depicting Gross Rental yields of 4.36% for houses and 5.66% for units.
[10] Southport:
Southport is a Coastal Town and Suburb in the Gold Coast City with a population of 31,908 people. Southport is considered as the CBD of Gold Coast. Southport nestles numerous great schools and colleges. Southport has plenty of new constructions and redevelopmental properties which are good for investment keeping in mind the future values. Southport is a popular resort and a fashionable residential and educational centre thereby population and tourist facilities continue to grow steadily.
Southport’s Median Sale Price for houses is $661,250 and for units is $375,000 with an Average Annual Growth Rate of 4.31% and 1.04% for houses and units respectively. The Median Rent per Week for Southport’s houses as reported by CoreLogic is $500 and for units is $410 with Gross Rental Yields of 3.93% for houses and 5.69% for units accordingly.
[11] Ashmore:
Ashmore is a Gold Coast inner suburb located on the Nerang River with a population of 11,910 people. Ashmore is well equipped with education centers, schools, medical facilities, transportation, shopping precincts and natural environment and that makes it an ideal suburb for residents.
The Average Annual Growth Rate for Ashmore’s houses and units are 4.47% and 2.79% respectively. The Median Sale Price for houses of Ashmore is $682,500 and $397,000 for units. Ashmore showed Median Rent per Week for houses as $550 and for units $448 with Gross Rental Yield of 4.19% and 5.86% for houses and units accordingly.
[12] Arundel:
Arundel is a wonderful suburb nestled next to beautiful Coombabah Lake Conservation Park on the outskirts of the City of Gold Coast with a population of 10,246 people. Property investors often show immense interest in Arundel due to its impeccable economic growth and vibrant tourism attractions.
According to Corelogic’s latest report, the Median sale prices in Arundel for houses is $660,000 and for units is $359,600 and the Median rent per week for houses and units of Arundel is reported at $560 and $425 respectively. The Average Annual Growth Rate of Arundel for houses reaches 3.32% and for units is 1.33% with Gross rental yields for houses and units to be 4.41% and 6.15% accordingly.
[13] Tewantin:
Tewantin is the rural town and locality in the Shire of Noosa, Gold Coast with a total population of 10,920 people. Tewantin used to be the “Honeymooners’ Paradise” and the centre of a ‘Lakes District’, prior to development of Noosa Heads. Tewantin is renowned for luxurious apartments and beautiful riverside locations highly in demand by the locals as well as international customers.
Tewantin has recorded Median sale prices for houses and units at $715,000 and $450,000 respectively with Average Annual Growth Rate of 4.43% for houses and 3.53% for units. The Median Rent per week shown by Tewantin for houses is $600 and for units is $490 depicting Gross Rental yields of 4.36% for houses and 5.66% for units.
[14] Carrara:
Carrara is a leafy residential suburb in the City of Gold Coast with a population of 12,060 people situated right along the Nerang river. Carrara is pumped up with amenities, education, tons of Parks and is a wonderful and ideal place for the residents.
The Average Annual Growth Rate for Carrara’s houses and units are 5.04% and 1.73% respectively. The Median Sale Price for houses of Carrara is $686,000 and $481,000 for units. Carrara showed Median Rent per Week for houses as $550 and for units $460 with Gross Rental Yield of 4.17% and 4.97% for houses and units accordingly.
[15] Tugun:
Tugun is a beach-side suburb in the City of Gold Coast. It is also on the borders of New South Wales. Tugun is a popular holiday destination, with a number of holiday units and motels lining Tugun Beach. Tugun has a population of 6,589 people and 27.82% of its occupants live in rental accommodation.
According to Corelogic’s latest report, the Median sale prices in Tugun for houses is $836,500 and for units is $535,000 and the Median rent per week for houses and units of Tugun is reported at $560 and $475 respectively. The Average Annual Growth Rate of Tugun for houses reaches 6.68% and for units is 4.11% with Gross rental yields for houses and units to be 3.48% and 4.61% accordingly.
UNIQUE SUGGESTION
Apart from the regular property investment, you can also choose an unique option. If you are someone who seeks higher and good rental yields, then you may be interested in NDIS SDA properties as well. If you haven’t heard about it yet, no worries! You can learn more about NDIS Property Investment (NDIS – An exclusive opportunity) from our previous blog.
NDIS SDA basically provides investors 9% to 16% gross rental yield with an excellent opportunity of helping those in extreme needs. It is safe and secured as it’s a government backed investment plan. You can also check out the listings and availability of the NDIS investment property(Link of listings page) suburb or city wise. NDIS Property investment is gaining a really good momentum in the market right now with many positive responses (NDIS Property Investment Review).
CONCLUSION
Gold Coast is the fastest growing City of Australia in regards to popularity, lifestyle, population, developments, employment and property valuation as well. We suggest you follow the data, stats and proven reports to get maximum benefit out of. With the increasing trend of remote work style and population and migration, demand for the properties is rising. Gold Coast is proven sixth largest city on Gold Coast presenting great investment opportunities.
Most of the suburbs on Gold Coast are lavish and at the same time affordable too. The suburbs of Gold Coast have a huge scope of recording breaking growth in the long run. You must check out all the parameters while finalizing your investment decision. Here are few more pointers for your considerations and to conclude this article with:
- You may come across many articles mentioning the hotspots of Gold Coast but we recommend you to finalise your personal hotspots based on your requirements and needs.
- If you have made your investing decision for the first time then you must understand how to invest smartly(Link to Smart property investment) in real estate to make your investment property decision more profitable and avoid any loss.
- From an investment perspective, you should select an asset where the land represents 70% of the value of the property, with 50% as the minimum. Before you make any final decision you must do your thorough research and check out previous years’ performance of the suburbs as well to get better clarity at it.
- You must also take the DSR (Demand to Supply Ratio), future valuation, developments and vacancy rates into consideration while choosing the best investment property in the growth suburbs of Gold Coast to invest in 2021.
- The DSR for all the above listed suburbs is excellent or good to go according to suburb reports of yourinvestmentproperty.com.au
We hope this article was helpful for your informative decision and has shook off a bit of your confusion as well. If you have invested in any of these suburbs before then we are sure that our readers and us would love to hear your experience. We do understand that there are many affordable suburbs too, list them down if you had a good experience of investing in them. Until next time, keep researching and keep learning more about property investment!
