Australia

The dramatic rise of the Gold Coast’s multi-million dollar suburbs

IT used to be a question of who was in the million dollar club, now it’s a question of who’s not.

For the first time, the Gold Coast has more million-dollar suburbs than million-dollar suburbs, with PropTrack data showing 37 suburbs have a median home price above $1 million, and 29 shows that only the suburbs of are below the mark.

The Gold Coast has more million dollar club suburbs than ever before.Photo: Nigel Hallett


In contrast, a year ago, only 27 suburbs on the Gold Coast had a median home price above $1 million.

Newcomers this year include Mazeeraba, Reedy Creek, Biggera Waters, Robina, Helensvale, Mount Nathan, Elanora, Gaven, Holywell and Yatala.

Grant and Sally Shelley purchased a home in Mudgeeraba in 2020 along with their daughters Mia, 6, Ava, 8, and Olivia, 2, and their dog, Honey.


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Sally Shelley and Grant Shelley purchased a “forever home” in Mudgee Lava in 2020.

“We bought here because at the time we were able to get a good size house with a garden that didn’t exceed our budget,” said Mrs Shelley, mother of three.

“I didn’t expect the price to jump this much.

“We expected the value of the large area blocks to go up, but we never thought the normal suburban blocks would go up in value that much.”

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A match of the Hinterland District Netball Association was played in Mazieraba.photo mike butterham


She said she was drawn to the community-based lifestyle that the suburbs offered.

“We love being right behind the reserve where we ride our bikes and follow the creek. Our girls love it,” she said.

“We can do it every day and walk to school.

“Our neighborhood is wonderful and all the children and parents have made friends on and around our street.

“When we go to our local supermarket, the cashier knows us. They always ask how we are doing and how the girls are doing. I know the locals of

Mermaid Beach is the most expensive suburb on the coast.


The most expensive property on the Gold Coast, at just over $3 million, is Mermaid Beach, with a median of $2.8 million.

Suburbs have long held the urban crown, with huge seaside mansions driving up prices.

Surfers Paradise was second with $2.7 million, while Broadbeach Waters rounded out the top three with $1,913,500.

The cheapest suburbs are Pimpama, Willow Vale, and Springbrook, with median home prices of $632,000, $635,000, and $680,000 respectively.

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REIQ Gold Coast Chairman Andrew Henderson said the Gold Coast’s lifestyle, weather and structures will continue to draw people to the city.Photo: Jerad Williams


REIQ Gold Coast Chairman Andrew Henderson said he was surprised to find so many million dollar suburbs on the coast.

“The Gold Coast is now an expensive place to live, but it’s also on the other side of the equation, with prices rising significantly across the country,” Henderson said.

“We have always been blessed with a great lifestyle and great weather here.

“Now we have better hospitals, better schools, better infrastructure and more potential for population growth.

“All of this contributes to people wanting to live here and want to buy property.”

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Longer term, expect more suburbs to join the multi-million dollar club.Photo: Nigel Hallett


He said more suburbs will join the million-dollar club in the long run.

“As the suburbs mature, we’ll see new shopping centers, transportation routes, sports clubs, and a sense of community.

“These things make the suburbs more desirable for buyers. As time goes on and the suburbs mature, prices go up. The Gold Coast has a lot to offer.”

million dollar suburbs

Suburbs, median home prices

Benoit, $1,380,000

Biggera Waters, $1,130,000

Bonogine $1,345,500

Broadbeach Waters, $1,913,500

Bundle, $1,688,000

Burleigh Heads, $1,450,000

Burleigh Waters, $1,425,000

Kuragi Lava $1,270,000

Clear Island Waters, $1,812,000

Coolangatta, $1,550,000

Currumbin $1,552,500

Currumbin Valley, $1,486,000

Currumbin Waters, $1,230,000

Elanora, $1,151,500

Gaven, $1,188,000

Guanabas $1,407,500

Helens Vale, $1,000,000

Holywell, $1,125,000

Hope Island, $1,400,000

Kingsholm, $1,693,000

Mermaid Beach, $2.8 million

Mermaid Waters, $1,620,000

Miami, $1,550,000

Mount Nathan, $1,385,000

Mudgeeraba, $1,050,000

Palm Beach, $1,548,000

Paradise Points, $1,800,000

Reedy Creek, $1,330,000

Robina, $1,056,000

Runaway Bay, $1,540,000

Surfers Paradise, $2,700,000

Tarai, $1,625,000

Tallebudgera, $1,430,000

Tallebudgera Valley, $1,720,000

Tugan, $1,200,000

Wongawalan, $1,345,000

Yatala, $1.15 million

Source: Prop Truck

The dramatic rise of the Gold Coast’s multi-million dollar suburbs

Source link The dramatic rise of the Gold Coast’s multi-million dollar suburbs

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