Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,237,500, Annual capital growth 0.50%, Number of sales 141, Weekly median advertised rent $600

Surfers Paradise Unit: Median price $350,000, Annual capital growth -0.62%, Number of sales 1548, Weekly median advertised rent $380

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

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  • House Report
  • Unit Report

Surfers Paradise has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 6.45% to date .

Over the longer term, Surfers Paradise has seen property prices show investors a 10.74% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Surfers Paradise 4217 should be seeing an average reduction in asking price of around -11.43% . This means that Surfers Paradise is holding prices well when compared to other suburbs in QLD.

Investment property in Surfers Paradise has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.57%

Surfers Paradise,4217 has offered an average of 0.57% return per annum in house price rises to property investors over the last three years.

The most recent median price for Surfers Paradise is $350000, with sellers offering an average of -7.22% off the asking price.

In the last year 1548 properties changed hands in Surfers Paradise, which puts it as the 1st most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $380 mark per week – giving a return of 5.65% based on the median price in Suburb

HOUSE UNIT
$1,237,500 $350,000
1.02% 0.00%
6.45% 0.57%
0.50% -0.62%
$600 $380
141 1548
2.52% 5.65%
95.71 101.82

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), Below average (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