Suburb Profile Report for Paradise Point QLD (4216)

Paradise Point House: Median price $1,020,000, Annual capital growth 2.61%, Number of sales 150, Weekly median advertised rent $693

Paradise Point Unit: Median price $687,500, Annual capital growth 5.74%, Number of sales 126, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 939th in the list of Australian suburbs ordered by increase in median house value over the last year, Paradise Point, 4216 is in the top 30% with a property value increase of 13.33% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Paradise Point comes in at number 81th in QLD.

Our latest figures would indicate that property sellers in Paradise Point are currently offering property investors an average price cut of -9.16% below the asking price at the moment.

In the last year 150 properties changed hands in Paradise Point, which puts it as the 122th most active market in QLD when comparing the number of sales per suburb.

Situated 58.32km from the CBD, Paradise Point is one of Gold Coast localities in the postcode 4216.

With a capital gain of 17.42% for the last 12 months, Paradise Point, 4216 has performed for property investments than its average annual 5.74% property growth over the last 5 years.

Paradise Point,4216 has offered an average of 17.42% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Paradise Point 4216 should be seeing an average reduction in asking price of around -5.29% . This means that Paradise Point is holding prices well when compared to other suburbs in QLD.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.74%, investors should hope to achieve an overall return of 3.33%

Metrics i HOUSE UNIT
$1,020,000 $687,500
-2.86% 2.61%
13.33% 17.42%
2.61% 5.74%
$693 $440
150 126
3.53% 3.33%
98.71 96.64

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 5929
Median household income ($/weekly) 1163
Median age of persons 47
Median housing loan repayment ($/monthly) 2297
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 567 9.6
    35-44 years 831 14.0
    45-54 years 880 14.8
    55-64 years 1040 17.5
    65-74 years 735 12.4
    Others 1877 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 2472 53.5
    Not Married 1676 36.3
    Defacto Relationship 470 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3853 69.9
    Papua New Guinea 457 8.3
    South Africa 90 1.6
    United Kingdom 506 9.2
    Other 210 3.8
    Others 399 7.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 86 1.6
    Christianity 4137 77.2
    Islam 41 0.8
    Judaism 22 0.4
    No Religion 1049 19.6
    Others 26 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 227 10.4
    $600-$799 197 9.0
    $800-$999 212 9.7
    $1,500-$1,999 215 9.9
    $2,500-$2,999 194 8.9
    Others 1132 52.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1887 39.6
    Employed, worked full-time 1654 34.7
    Employed, worked part-time 900 18.9
    Employed, away from work 167 3.5
    Unemployed, looking for work 162 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 559 20.6
    Professionals 487 17.9
    Technicians & trades workers 344 12.6
    Clerical & administrative workers 410 15.1
    Sales 341 12.5
    Others 579 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 59 6.1
    Infants/Primary 359 36.8
    Secondary 282 28.9
    Technical or Further Educational Institution 76 7.8
    University or other Tertiary Institutions 153 15.7
    Others 46 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3536 63.4
    Semi-detached, row or terrace house, townhouse 1262 22.6
    Flat, unit or apartment 770 13.8
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 849 35.5
    Rented 842 35.2
    Being purchased 688 28.8
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals