Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,292,500, Annual capital growth 0.04%, Number of sales 129, Weekly median advertised rent $598

Surfers Paradise Unit: Median price $370,000, Annual capital growth 0.25%, Number of sales 1577, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Surfers Paradise has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.60%

A -4.08% growth in median value for property investors in Surfers Paradise,4217 puts this suburb at number 759th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Surfers Paradise should be aiming for at least -10.19% off the asking price, which is the average vendor discount being achieved at the moment.

Surfers Paradise is 758th on a list of best yielding suburbs for rents in QLD with a 2.40% return

Investment property in Surfers Paradise has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.23%

If we look at median property appreciation over just the last three months, Surfers Paradise has given property investors a paper return of 1.37%. This puts Suburb as 98 on a list of fastest fasting appreciating suburbs in QLD

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 Surfers Paradise, 4217. Typically our figures indicate that -7.24% is being offered, which puts this QLD suburb at 233th most discounted overall in Australia.

Often selling an investment property can take time, and in Surfers Paradise the average time real estate has been on the market is 92.67 days.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

HOUSE UNIT
$1,292,500 $370,000
-4.26% 1.37%
6.60% 4.23%
0.04% 0.25%
$598 $380
129 1577
2.40% 5.34%
94.84 92.67

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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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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Recent sales & rentals