Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,230,000, Annual capital growth -0.57%, Number of sales 115, Weekly median advertised rent $700

Surfers Paradise Unit: Median price $365,000, Annual capital growth -0.31%, Number of sales 1179, Weekly median advertised rent $400

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Surfers Paradise is an average performer in QLD when comparing median price capital growth over the last year. Surfers Paradise gave property investors a average capital gain figure when compared to the rest of the state, with 0.37%.

Across a shorter period, Surfers Paradise, 4217 has seen a median price increase of 4.97% over the last quarter.

Our latest figures would indicate that property sellers in Surfers Paradise are currently offering property investors an average price cut of -11.09% below the asking price at the moment.

In the last year 115 properties changed hands in Surfers Paradise, which puts it as the 157th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $700 mark per week – giving a return of 2.96% based on the median price in Suburb

Surfers Paradise has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.21% to date .

While Surfers Paradise,4217 ranked number 265th in QLD for increase in median house value (annualised) increase, it is ranked 145th over the last 5 years.

Property investors looking for a bargain in Surfers Paradise should be aiming for at least -8.59% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 98.25 sales per month, which equates to 1179 per year.

Renters in Suburb are facing rents around $20800 per annum or $400 every week.

Metrics i HOUSE UNIT
$1,230,000 $365,000
4.97% -2.67%
0.37% -2.21%
-0.57% -0.31%
$700 $400
115 1179
2.96% 5.70%
95.6849315068493 101.199386503068

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (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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