Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,300,000, Annual capital growth -0.34%, Number of sales 131, Weekly median advertised rent $650

Surfers Paradise Unit: Median price $378,000, Annual capital growth 0.04%, Number of sales 1572, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Surfers Paradise, 4217 ranked 567th in QLD when comparing growth in median property values or capital gain over the last 12 months. Surfers Paradise is one of 2415 in our list for QLD

Surfers Paradise,4217 was ranked 3767 in Australia by increase in median property value over the quarter.

Property buyers and investors in Surfers Paradise 4217 should be seeing an average reduction in asking price of around -9.23% . This means that Surfers Paradise is holding prices well when compared to other suburbs in QLD.

In the last year 131 properties changed hands in Surfers Paradise, which puts it as the 156th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Surfers Paradise being $1300000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 2.60%

Property investors who have had real estate in Surfers Paradise, 4217 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.73%

When looking at the potential capital gains offered to property investors over the last 3 years, Surfers Paradise comes in at number 185th in QLD.

At number 80th of QLD’s most discounted properties, Surfers Paradise is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 0.04%, investors should hope to achieve an overall return of 5.23%

Metrics i HOUSE UNIT
$1,300,000 $378,000
-3.70% 1.61%
0.00% 5.73%
-0.34% 0.04%
$650 $380
131 1572
2.60% 5.23%
94.17 91.7

Source: CoreLogic

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
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