The Gold Coast continues to be a desirable region for property investment, offering a mix of beautiful beaches, modern amenities, and robust infrastructure. For 2024, the property market on the Gold Coast is forecasted to remain dynamic, with certain suburbs standing out for their strong potential in terms of capital growth and rental yields.
Whether you’re a seasoned investor or new to the property market, understanding where to invest on the Gold Coast can lead to rewarding financial returns.
1.Southport
As one of the Gold Coast’s most established suburbs, Southport remains a prime location for property investment in 2024. It is the commercial and legal hub of the city, making it highly attractive to professionals and families alike. The proximity to the CBD, Griffith University, and Gold Coast University Hospital ensures consistent demand for rental properties.
Why Invest?
- Proximity to key employment hubs.
- Upcoming infrastructure projects, such as the expansion of the light rail, are boosting the suburb’s accessibility.
- Competitive rental yields due to high demand from students and professionals.
Average Property Price (2024): $700,000 for houses, $400,000 for units.
Median Rental Yield: 4.8%.
2. Pimpama
Pimpama has rapidly transformed from a semi-rural area to a bustling, family-friendly suburb, driven by population growth in the northern Gold Coast. Offering affordable housing and a family-oriented community, it is an emerging hotspot for property investors. The suburb’s strategic location along the M1 motorway provides easy access to both Brisbane and the Gold Coast, adding to its appeal.
Why Invest?
- Significant infrastructure developments, such as new schools, shopping centres, and parklands.
- Strong population growth, resulting in increased demand for housing.
- Affordable entry prices, with substantial long-term capital growth potential.
Average Property Price (2024): $600,000 for houses.
Median Rental Yield: 5.2%.
3. Broadbeach Waters
Known for its luxurious waterfront properties and close proximity to the beach, Broadbeach Waters is a desirable location for investors seeking premium real estate. This suburb attracts both high-income residents and tourists, with its proximity to the Broadbeach entertainment precinct, The Star Gold Coast, and Pacific Fair Shopping Centre.
Why Invest?
- High demand for short-term rental properties due to its proximity to major attractions.
- Limited supply of waterfront homes ensures strong capital appreciation.
- Ideal for investors looking to tap into the luxury rental market.
Average Property Price (2024): $1.5 million for houses, $700,000 for units.
Median Rental Yield: 3.7%.
4. Varsity Lakes
As stated by Bikowski Realty – Buyers Agent Gold Coast Varsity Lakes continues to be a highly sought-after suburb, particularly among families and students. Located near Bond University, this suburb offers excellent access to schools, parks, and recreational facilities, making it a desirable place to live. The mix of affordable housing options and proximity to both Burleigh Heads and Robina ensures strong demand for properties.
Why Invest?
- Strong rental demand from university students and young professionals.
- Affordable housing compared to nearby Burleigh and Robina.
- Continued infrastructure investment in education and retail amenities.
Average Property Price (2024): $750,000 for houses, $450,000 for units.
Median Rental Yield: 4.5%.
5. Coomera
Coomera has emerged as a standout suburb for investment due to its strong growth trajectory. Situated in the northern Gold Coast, Coomera has experienced rapid development over the past few years, with new schools, shopping centres, and transport infrastructure creating a thriving community. Its proximity to the Coomera Train Station and easy access to Brisbane make it a practical choice for commuters.
Why Invest?
- Major developments like the Westfield Coomera shopping centre have boosted the suburb’s appeal.
- Future plans for the Coomera Town Centre, which is expected to further enhance property values.
- High demand for rentals due to affordability and access to amenities.
Average Property Price (2024): $650,000 for houses.
Median Rental Yield: 5.0%.
6. Burleigh Heads
Burleigh Heads is widely known for its laid-back beach lifestyle, attracting a mix of professionals, retirees, and young families. This iconic suburb boasts some of the Gold Coast’s most popular beaches and trendy cafes. While property prices in Burleigh Heads are higher than many other suburbs, the long-term capital growth and rental demand make it a solid investment option for those seeking premium coastal real estate.
Why Invest?
- Consistently high demand for properties, both for rental and purchase, due to the beach lifestyle.
- Strong capital growth as the suburb becomes increasingly popular with both locals and interstate buyers.
- High demand for short-term rentals due to its tourism appeal.
Average Property Price (2024): $1.3 million for houses, $600,000 for units.
Median Rental Yield: 4.2%.
7. Helensvale
Helensvale has long been a favourite among families due to its abundance of green spaces, schools, and access to public transport. It offers excellent value for investors, with a mix of housing options and proximity to major shopping centres, such as Westfield Helensvale. The suburb also enjoys great connectivity via the M1 motorway and light rail system.
Why Invest?
- Stable demand for family homes and proximity to schools and parks.
- Access to public transport, including train and light rail, appeals to commuters.
- Steady growth in property prices and rental demand.
Average Property Price (2024): $800,000 for houses.
Median Rental Yield: 4.4%.
8. Robina
Robina is one of the most well-established suburbs on the Gold Coast, offering a mix of residential, commercial, and recreational facilities. Known for its well-planned infrastructure, including the Robina Town Centre and Robina Hospital, the suburb attracts a wide variety of residents, from young professionals to retirees.
Why Invest?
- Strong infrastructure, including schools, shopping, and healthcare, makes Robina a highly desirable suburb.
- Steady capital growth due to continued development.
- High demand for rental properties, particularly among young families and professionals.
Average Property Price (2024): $850,000 for houses, $500,000 for units.
Median Rental Yield: 4.3%.
9. Palm Beach
Palm Beach continues to be a rising star on the Gold Coast property market, thanks to its stunning beaches, vibrant café scene, and close-knit community. While property prices in this suburb have risen significantly over the years, Palm Beach offers investors the potential for strong capital growth and high rental returns, particularly for holiday rentals.
Why Invest?
- High demand for beachfront properties and holiday rentals.
- Ongoing gentrification and development contributing to rising property values.
- Ideal location for both investors and lifestyle buyers.
Average Property Price (2024): $1.2 million for houses, $650,000 for units.
Median Rental Yield: 4.1%.
Conclusion
The Gold Coast property market offers a diverse range of investment opportunities, from affordable family homes in Pimpama and Coomera to premium waterfront properties in Broadbeach Waters and Palm Beach. With ongoing infrastructure developments and population growth, the Gold Coast is poised for strong property performance in 2024. Investors should consider their budget, long-term goals, and target rental market when selecting the right suburb for investment.
Each of these suburbs presents unique advantages, and with careful consideration, property investors can capitalise on the growth and rental demand that the Gold Coast has to offer.
