Suburb Profile Report for Paradise Point QLD (4216)

Paradise Point House: Median price $1,050,000, Annual capital growth 1.92%, Number of sales 142, Weekly median advertised rent $750

Paradise Point Unit: Median price $768,750, Annual capital growth 6.17%, Number of sales 118, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Paradise Point, 4216 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 9.38%.

Comparing Paradise Point,4216 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Paradise Point, 4216. Typically our figures indicate that -9.35% is being offered, which puts this QLD suburb at 374th most discounted overall in Australia.

Residents and property investors in Paradise Point have been waiting around 92.47 days to sell a property.

Situated 58.30km from the CBD, Paradise Point is one of Gold Coast localities in the postcode 4216.

Paradise Point has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 33.12% to date .

Over the longer term, Paradise Point has seen property prices show investors a 32.54% return over the last 3 years. This is an improvement over the last 12 months

The most recent median price for Paradise Point is $768750, with sellers offering an average of -5.91% off the asking price.

On average over the past year, suburb has had 9.83 sales per month, which equates to 118 per year.

Renters in Suburb are facing rents around $5520 per annum or $460 every week.

Metrics i HOUSE UNIT
$1,050,000 $768,750
-2.78% 13.13%
9.38% 33.12%
1.92% 6.17%
$750 $460
142 118
3.71% 3.11%
92.47 112.03

Source: CoreLogic

DSR Score for property investment : Above average (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