Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,290,000, Annual capital growth 0.19%, Number of sales 115, Weekly median advertised rent $820

Surfers Paradise Unit: Median price $377,250, Annual capital growth 0.55%, Number of sales 1273, Weekly median advertised rent $420

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

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

  • House Report
  • Unit Report

Property value increases in Surfers Paradise have tracked close to the QLD average of 1.66% over the last 12 months.

Comparing Surfers Paradise,4217 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.74% offered to property buyers. Sellers in Surfers Paradise itself are offering an average vendor discount of -7.52% to real estate investors.

Using the current median advertised rental of $820 and the average annual increase in value of a median property of 0.19%, investors should hope to achieve an overall return of 3.31%

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 0.60%.

If we look at median property appreciation over just the last three months, Surfers Paradise has given property investors a paper return of 1.41%. This puts Suburb as 110 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 -7.59% is being offered, which puts this QLD suburb at 178th most discounted overall in Australia.

With the median price for a house in Surfers Paradise being $377250 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 5.79%

Metrics i HOUSE UNIT
$1,290,000 $377,250
-2.09% 1.41%
1.57% 0.60%
0.19% 0.55%
$820 $420
115 1273
3.31% 5.79%
92.6857142857143 99.3001531393568

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

DSR Score for property investment : Poor (H), Below 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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