Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,170,000, Annual capital growth -0.26%, Number of sales 151, Weekly median advertised rent $630

Surfers Paradise Unit: Median price $345,000, Annual capital growth -0.77%, Number of sales 1565, Weekly median advertised rent $375

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

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  • House Report
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Property investors who have had real estate in Surfers Paradise, 4217 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.50%

A -10.34% growth in median value for property investors in Surfers Paradise,4217 puts this suburb at number 772th in terms of best performing suburbs in QLD

The most recent median price for Surfers Paradise is $1170000, with sellers offering an average of -11.58% off the asking price.

In the last year 151 properties changed hands in Surfers Paradise, which puts it as the 125th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $630 mark per week – giving a return of 2.80% based on the median price in Suburb

If you compare the increase in value of investment property in Surfers Paradise, 4217 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.50%.

Surfers Paradise,4217 has offered an average of -0.50% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Surfers Paradise is offering property investors an average of -5.58. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in QLD

With the median price for a house in Surfers Paradise being $345000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 5.65%

HOUSE UNIT
$1,170,000 $345,000
-4.49% -1.43%
-2.50% -0.50%
-0.26% -0.77%
$630 $375
151 1565
2.80% 5.65%
97.55 100.08

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 19668
Median household income ($/weekly) 974
Median age of persons 36
Median housing loan repayment ($/monthly) 1968
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 2733 13.9
    25-34 years 4424 22.5
    35-44 years 2349 11.9
    45-54 years 2223 11.3
    55-64 years 2388 12.1
    Others 5551 28.2
    Age Group
    Census Count Percent(%)
    Not Married 7823 53.2
    Registered Married 4754 32.3
    Defacto Relationship 2131 14.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 9712 57.6
    Indonesia 719 4.3
    Papua New Guinea 1783 10.6
    United Kingdom 925 5.5
    Other 1286 7.6
    Others 2443 14.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 544 3.4
    Christianity 10190 63.0
    Hinduism 436 2.7
    Other Religious Groups 390 2.4
    No Religion 4169 25.8
    Others 452 2.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 916 11.8
    $600-$799 956 12.3
    $800-$999 859 11.0
    $1,000-$1,249 784 10.1
    $1,500-$1,999 835 10.7
    Others 3437 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5761 37.0
    Not in the labour force 5028 32.3
    Employed, worked part-time 3295 21.1
    Unemployed, looking for work 1011 6.5
    Employed, away from work 488 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1312 13.7
    Professionals 1541 16.1
    Technicians & trades workers 1198 12.6
    Community & personal service workers 1253 13.1
    Sales 1396 14.6
    Others 2842 29.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 540 17.3
    Secondary 418 13.4
    Technical or Further Educational Institution 517 16.5
    University or other Tertiary Institutions 1224 39.1
    Other type of educational institution 352 11.2
    Others 79 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 11432 69.9
    Separate house 3210 19.6
    Semi-detached, row or terrace house, townhouse 1699 10.4
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4649 56.3
    Fully owned 1962 23.8
    Being purchased 1604 19.4
    Other tenure type 44 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals