Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,300,000, Annual capital growth 0.41%, Number of sales 107, Weekly median advertised rent $750

Surfers Paradise Unit: Median price $370,000, Annual capital growth 0.07%, Number of sales 1134, Weekly median advertised rent $410

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Surfers Paradise, 4217 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 9.89%.

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 $1300000, with sellers offering an average of -9.91% off the asking price.

At number 3068 in a list of fastest selling suburbs, Surfers Paradise is in the bottom 20% of suburbs in Australia with an average of days on market 110.141 for properties listed there.

Surfers Paradise is 744th on a list of best yielding suburbs for rents in QLD with a 3.00% return

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 -1.33%.

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.

Vendor discounting in Surfers Paradise is giving property investors an average Vendor Discount of around -8.30%. This puts suburb at number 29th in QLD when ranking the most discounted suburbs.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 0.07%.

Metrics i HOUSE UNIT
$1,300,000 $370,000
0.00% -0.54%
9.89% -1.33%
0.41% 0.07%
$750 $410
107 1134
3.00% 5.76%
110.140845070423 106.42

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (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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