Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,340,000, Annual capital growth 1.21%, Number of sales 141, Weekly median advertised rent $600

Surfers Paradise Unit: Median price $355,000, Annual capital growth -0.37%, Number of sales 1620, Weekly median advertised rent $380

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

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  • House Report
  • Unit Report

Property investors who have had real estate in Surfers Paradise, 4217 should be 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 19.16%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Surfers Paradise has increased when compared to the 5 year average annual rate.

The most recent median price for Surfers Paradise is $1340000, with sellers offering an average of -11.35% off the asking price.

On average over the past year, suburb has had 11.75 sales per month, which equates to 141 per year.

Advertised rents are around the $600 mark per week – giving a return of 2.33% based on the median price in Suburb

Over the last year, property investments in Surfers Paradise, 4217 have given investors a capital gain of 2.01%. This compares averagely with the 1.67% for QLD as a whole.

While Surfers Paradise,4217 ranked number 144th in QLD for increase in median house value (annualised) increase, it is ranked 232th over the last 5 years.

Surfers Paradise, 4217 is offering QLD ‘s 56th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.

Situated 67.51km from the CBD, Surfers Paradise is one of Gold Coast localities in the postcode 4217.

HOUSE UNIT
$1,340,000 $355,000
11.67% 0.50%
19.16% 2.01%
1.21% -0.37%
$600 $380
141 1620
2.33% 5.57%
99.32 99.58

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 : 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
Chart Table
Recent sales & rentals