The Gold Coast is one of the best-known locations in South East Queensland and one of the most visited places in the country, making it a popular area to invest. So are you thinking of getting into the property investment game? Planning to invest in the Gold Coast? We’ll be looking at both some of the Gold Coast’s luxury and affordable suburbs. This article will take a closer look at the best suburbs to invest in in the Gold Coast property market. We’ll give a brief description of some of the Gold Coast’s most promising suburbs along with handy info like median house prices and property prices.
We’d strongly recommend using these statistics as a general guide as the property market is known for fluctuating. If you’re looking for someone to help guide you through your building journey, get in touch with the buildi team today!
Tips For Buying Investment Property
Know your finances
We strongly recommend having a thorough understanding of your financial situation will make the world of difference when it comes to a smooth building journey. You need to know what you can afford and have an intricate understanding of your cash flow. Lack of funds is one of the most common issues people face when building a new home.
Have an understanding of ongoing costs
Speaking of budget, you need to take into account ongoing costs like rates, insurance and general repairs. Overlooking any of these could come back to bite you, especially if your budget is tight.
Look for a Growth Area
If you’re planning to rent, it just makes sense to build somewhere where rental yields are strong and property is in demand. High-growth areas tend to be close to most, if not all, of the following:
- Public transport
- Shopping centres
This will help both with capital growth and help you gain a high rental yield.
Liveable over Luxury
A rental property needs to be functional and clean. Don’t buy a property based purely on a nice-looking interior. Your tenants will bring their own decor and items to decorate and make the area feel like home. What they need from you is working features and fixtures and a comfortable house in good condition. The better your foundations, the more interest you’ll have.
Before Negative Gearing, be sure you know what you’re doing
Negative gearing does have its benefits, like tax advantages, but without the adequate cash flow to cover loan repayments, rates and body corporate fees, you may end up in financial trouble. Carefully consider your budget, and perhaps talk to a financial advisor, before taking this approach.
Mistakes to try to avoid:
- Buying a block of land without performing due diligence.
- Make decisions based on emotion instead of logic and facts.
- Choosing a location based purely on the initial price
- Buy property without a long-term strategy
- Borrow the absolute maximum they can without considering how they can pay them back.
- Forgot to take advantage of all tax deductions
#1 Surfers Paradise
Surfers Paradise is one of the most famous locations in not just the Gold Coast, but Australia. The Surfers Paradise unit market, in particular, is quite lucrative, having the largest volume of property transactions in the Gold Coast area in the past year (2021). Surfers Paradise is home to a range of features including shops, cafes, and nightclubs. It’s a tourist hotspot, so it won’t appeal to everyone. The median house price is the second highest of all the suburbs after Mermaid Beach.
Median House Price: $2.7 million
Median Apartment Price:
Rent price: 700 (house)
Rental Yields: 2.81%
One of the newer suburbs, Robina was one of the first master-planned residential communities in Australia. It has since evolved into one of the ultimate shopping (Pacific Fair shopping centre), dining, leisure and entertainment hubs on the Gold Coast. Whether you love fashion or a lovely meal, Robina has something for you.
Home to the Gold Coast Titans Rugby League team and Skilled Park (a sporting facility) and also Bond University, there’s a lot to recommend about Robina.
Median House Price: $872,500
Median Apartment Price: $555,000
Rental Yield: 4.3%
Rental Apartment Yield: 5.6%
Located close to Southport, Labrador and Biggera Waters are both tipped to experience growth in the next few years. Attracts young families, and active people who enjoy cycling, walking, running or swimming. The suburb has a range of trendy restaurants and shopping facilities. Located within close proximity of the Gold Coast University Hospital.
Median House Price: $680,000
Median Apartment: $430,000
Rental Yields: 3.7%
Rental Apartment Yield: 5.4%
#4 Burleigh Heads
A hip and happening suburb, full of trendy bars, cafes and restaurants with plenty of beaches to enjoy. With a laidback atmosphere and plenty of family-friendly facilities, Burleigh Heads is one of the Gold Coast’s most popular locations.
Median House Price: $2.8m (house) $710,000 (unit)
Rent: $750 (house) $585 (unit)
Rental Yields: 1.62% (house) 3.90% (unit prices)
Currumbin is a beachfront community located near Currumbin Creek. It has a lot of natural pristine rainforest and vegetation while remaining close to the Gold Coast CBD. The area has a lot of modern cafes and beachfront eateries, so perfect for gatherings or days off. Your next favourite coffee shop and beach could be just down the road.
Median house price: $1,450,000
Median apartment price: $807,500
Rental house yield: 2.8%
Rental apartment yield: 3.9%
If the beach isn’t your vibe, there are other options on the Gold Coast. Originally an area used by dairy farmers, Pimpana has retained a lot of this rural feel. The exception to this is the Northern planning zone which is where you’ll find the Ormeau train station, school and access to the Pacific Highway. Pimpama is 25 km from Surfer’s Paradise on the Gold Coast and around 45 km southeast of the Brisbane CBD. Pimpana’s last major development estate, Pacific Cove, has been completed, meaning the Pacific Cove Display Village, does not actually have a lot of display homes to visit anymore.
Median House Price: $550,000
Median Apartment Price: $419,000
Rental Yield: 4.5%
Rental Apartment Yield: 5.6%
Located close to the Pacific Motorway and close to Coomera. The last 20 years of data indicate Coomera is set up for strong potential growth as its neighbouring suburb of Upper Coomera. There are some new developments and larger blocks of land available here than are available in other suburbs in the Gold Coast area. There are plenty of employment opportunities in the area with more coming due to the area being a developing community.
Median House Price: $625,000
Median Apartment Price: $375,000
Rental House Yield: 4.3%
Rental Apartment Yield: 5.9%
#8 Paradise Point
Located in the Northern Gold Coast suburbs, Paradise Point is famous for its cafe and restaurant boulevard. Home to the gated community of Sovereign Island for those looking for that extra layer of security. Like a lot of suburbs on the Gold Coast, Paradise Point is close to a beautiful coastline that you won’t be able to stay away from.
Median House Price: $1,428,500
Median Apartment Price: $699,000
Rental House Yield: 2.4%
Rental Apartment Yield: 3.6%
Ashmore is an inner-city suburb with a strong family-friendly feel, featuring a community features numerous parks, educational options, gardens and sporting facilities. Its elevated location means a lot of properties come with great views, making it a great location for split-level homes.
Median house price: $820,000
Median apartment price: $457,500
Rental house yield: 4.1%
Rental apartment yield: 5.7%
#10 Tamborine Mountain
Though the beaches get all the press, the Gold Coast hinterland features some of the most Located in the heart of the Gold Coast Hinterland, Tamborine Mountain is known for its beautiful surroundings. It has one of the most popular beaches in the area.
Median House Price: $745,000
Median Apartment Price: $490,000
Rental Yields: 3.8%
Rental Apartment Yield: 3.4%
Coolangatta is the southernmost suburb on the Gold Coast and is home to cafes, craft breweries, modern shopping centres and marketplaces. There are also some of the best live music venues in QLD.
Median house price: $1,505,000
Median apartment price: $765,000
Rental house yield: 2.4%
Rental apartment yield: 3.5%
#12 Palm Beach
Known for its pristine parklands with sparkling waters, Palm beach is a wonderful suburb for those who love to get out and about. Whether you’re a fitness fanatic or just love a nice walk, Palm Beach will provide beautiful surroundings for you to enjoy.
Median House Price: $1,525,000
Unit Prices: $800,000
Median weekly rent: $860 (house) $560 (units)
Rental Yield: 2.93% (house) 3.64% (units)
Have you also considered investing in Brisbane? Check out our guide to the best suburbs to invest in Brisbane!
How We Can Help You
Building a home is one of the biggest decisions you’ll ever make in your life. At Buildi, we’ll be there throughout the entire building process, guiding you step by step so you can avoid any pitfalls. We will help you by following these steps.
- Free Consultation – We will sit with you to understand what you are looking to accomplish.
- Due Diligence – We work with you to ensure you’re buying the right block of land at the right price without hidden problems.
- Builders tender – We will take your requirements out to the market of builders and they will bid to win your business.
- Present solutions – We will compile the top 3 options and present you with a comprehensive proposal on builders’ strengths & weaknesses along with prices and specifications.
- Contract Signing – We will work with you and your selected builder to ensure there is full transparency in what you are entering into.
- Building your home – We work closely with the builder to ensure all service levels are met and your project is on schedule.