Suburb Profile Report for Paradise Point QLD (4216)

Paradise Point House: Median price $970,000, Annual capital growth 0.64%, Number of sales 126, Weekly median advertised rent $750

Paradise Point Unit: Median price $591,000, Annual capital growth 4.02%, Number of sales 137, Weekly median advertised rent $455

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Paradise Point have tracked higher than the QLD average of 1.98% over the last 12 months.

Taking the average capital gain, or increase in median house value, Paradise Point,4216 has racked up an average of 8.99% over the period. This ranks it number 2511th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Paradise Point are currently offering property investors an average price cut of -7.16% below the asking price at the moment.

In the last year 126 properties changed hands in Paradise Point, which puts it as the 164th most active market in QLD when comparing the number of sales per suburb.

Situated 57.82km from the CBD, Paradise Point is one of Gold Coast localities in the postcode 4216.

Giving property investors a a poor capital gain of -9.08% for the last year, Paradise Point, 4216 is the 1560th highest performer in Australia in this respect.

Across a shorter period, Paradise Point, 4216 has seen a median price increase of 2.78% over the last quarter.

Property buyers and investors in Paradise Point 4216 should be seeing an average reduction in asking price of around -5.89% . This means that Paradise Point is holding prices well when compared to other suburbs in QLD.

In the last year 137 properties changed hands in Paradise Point, which puts it as the 65th most active market in QLD when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5460 per annum or $455 every week.

HOUSE UNIT
$970,000 $591,000
8.38% 2.78%
8.99% -9.08%
0.64% 4.02%
$750 $455
126 137
4.02% 4.00%
90.1 98.54

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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