Suburb Profile Report for Pimpama QLD (4209)

Pimpama House: Median price $495,000, Annual capital growth 1.27%, Number of sales 203, Weekly median advertised rent $420

Pimpama Unit: Median price $278,000, Annual capital growth -0.94%, Number of sales 162, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1605th in the list of Australian suburbs ordered by increase in median house value over the last year, Pimpama, 4209 is in the top 40% with a property value increase of 9.72% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pimpama has increased when compared to the 5 year average annual rate.

Pimpama4209 is located in QLD which offers an average discount of -6.86% to property investors. Pimpama itself is showing figures that indicate -4.32% is the average achievable by property buyers investing in the suburb.

At number 1807 in a list of fastest selling suburbs, Pimpama is just in the top half of suburbs in Australia with an average of days on market 73.21 for properties listed there.

Pimpama is in the bottom 10% in QLD when comparing median price capital growth over the last year. Pimpama gave property investors a dismal capital gain figure when compared to the rest of the state, with -20.34%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pimpama has fallen somewhat when compared to the 5 year average annual rate.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.98% offered to property buyers. Sellers in Pimpama itself are offering an average vendor discount of -6.28% to real estate investors.

Situated 18.42km from the CBD, Pimpama is one of Gold Coast localities in the postcode 4209.

Information supplied by:


May 2017

M
O

W
E
The northern Gold Coast suburb of Pimpama has seen growth come with its urbanisation. The unit market, in particular, has become popular in recent years.Full summary

The northern Gold Coast suburb of Pimpama has seen growth come with its urbanisation. The unit market, in particular, has become popular in recent years. The high rental yield of 5.4% for apartments appeals to investors, in this central area that is considered the midway point between Brisbane and Surfers Paradise. 

Following a slump in recent years, houses are beginning to recover and increase in value again, with the median price clocking in at $423,125. In terms of population growth, the Australian Bureau of Statistics reported that in the 2014-2015 period, Pimpama was the fastest-growing region in Queensland. 

It helps that various convenient amenities have been established here, including many schools and sports facilities. Many plans are also in place to improve the shopping district.


 Close
Metrics i HOUSE UNIT
$495,000 $278,000
0.81% -13.13%
9.72% -20.34%
1.27% -0.94%
$420 $370
203 162
4.41% 6.92%
73.21 103.68

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Pimpama QLD
Demographics
Total population 3211
Median household income ($/weekly) 1459
Median age of persons 29
Median housing loan repayment ($/monthly) 2400
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 326 10.2
    5-14 years 430 13.4
    25-34 years 647 20.2
    35-44 years 412 12.8
    45-54 years 346 10.8
    Others 1049 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 1019 47.2
    Not Married 705 32.6
    Defacto Relationship 436 20.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2273 75.2
    Papua New Guinea 302 10.0
    South Africa 28 0.9
    United Kingdom 177 5.9
    Other 85 2.8
    Others 156 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.4
    Christianity 1907 65.9
    Islam 17 0.6
    Other Religious Groups 15 0.5
    No Religion 903 31.2
    Others 12 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 81 8.7
    $1,000-$1,249 103 11.0
    $1,250-$1,499 101 10.8
    $1,500-$1,999 170 18.2
    $2,000-$2,499 116 12.4
    Others 364 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1034 45.1
    Not in the labour force 630 27.5
    Employed, worked part-time 438 19.1
    Unemployed, looking for work 104 4.5
    Employed, away from work 86 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 11.1
    Professionals 222 14.3
    Technicians & trades workers 271 17.4
    Clerical & administrative workers 229 14.7
    Labourers 183 11.8
    Others 479 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 63 9.0
    Infants/Primary 293 41.8
    Secondary 161 23.0
    Technical or Further Educational Institution 67 9.6
    University or other Tertiary Institutions 97 13.8
    Others 20 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2401 81.3
    Semi-detached, row or terrace house, townhouse 544 18.4
    Improvised home, tent, sleepers out 8 0.3
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 573 55.8
    Being purchased 307 29.9
    Fully owned 134 13.1
    Other tenure type 12 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals