Suburb Profile Report for Surfers Paradise QLD (4217)

Surfers Paradise House: Median price $1,270,000, Annual capital growth -0.28%, Number of sales 110, Weekly median advertised rent $695

Surfers Paradise Unit: Median price $374,000, Annual capital growth 0.18%, Number of sales 1151, Weekly median advertised rent $400

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

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

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 1.60% for the last year, Surfers Paradise, 4217 is the 1466th highest performer in Australia in this respect.

A 14.41% growth in median value for property investors in Surfers Paradise,4217 puts this suburb at number 322th in terms of best performing suburbs in QLD

Property buyers and investors in Surfers Paradise 4217 should be seeing an average reduction in asking price of around -10.81% . This means that Surfers Paradise is holding prices well when compared to other suburbs in QLD.

In the last year 110 properties changed hands in Surfers Paradise, which puts it as the 164th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $695 and the average annual increase in value of a median property of -0.28%, investors should hope to achieve an overall return of 2.85%

Giving property investors a a stable capital gain of 1.36% for the last year, Surfers Paradise, 4217 is the 514th highest performer in Australia in this respect.

Across a shorter period, Surfers Paradise, 4217 has seen a median price increase of 0.00% over the last quarter.

Property buyers and investors in Surfers Paradise 4217 should be seeing an average reduction in asking price of around -8.59% . This means that Surfers Paradise is holding prices well when compared to other suburbs in QLD.

Residents and property investors in Surfers Paradise have been waiting around 103.875 days to sell a property.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 5.56%, without taking into account capital value appreciation, which has been averaging out at 0.18%.

Metrics i HOUSE UNIT
$1,270,000 $374,000
0.40% 0.00%
1.60% 1.36%
-0.28% 0.18%
$695 $400
110 1151
2.85% 5.56%
94.5820895522388 103.87459807074

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 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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