Sold On Gold Coast: suburbs that offer great value for money

first_imgMedian house price: $680,000Median house rent: $640/weekMedian unit price: $405,000Median unit rent: $450/weekAverage days on market: 30.5 Average hold period: 12 years Population: 9121Average weekly household income: $1323Median age: 43 The Gold Coast has a number of suburbs with a median house price close to the city’s overall median.THE Glitter Strip is renowned for its flashy mega-mansions but you don’t have to be a millionaire to live in the city.The Gold Coast’s median house price of $655,000 is considered affordable in comparison to Melbourne and Sydney’s, which stands at $710,000 and $920,000 respectively.Currumbin Waters, Helensvale and Robina were the three areas with a median house price closest to the Gold Coast’s overall median, as featured in the Bulletin’s Sold On Gold Coast property guide. So what makes these suburbs great value for money? Helensvale has become a bustling area in the northern suburbs.Helensvale has become one of the Gold Coast’s busiest hubs.With a Westfield shopping centre, popular train station and its proximity to theme parks, it has a lot to offer.While it is at the northern end of the Coast, it feels much more central because of its public transport network.The extension of the light rail to connect with the train, which travels north to Brisbane and south to Varsity Lakes, has encouraged more people to move to the area. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoIt also makes it easy for residents to travel to Southport, Surfers Paradise and Broadbeach without having to worry about traffic or parking. There are a range of different types of homes on offer in the area.Larger homes with bigger blocks, waterfront properties and townhouses are amongthose in abundance of supply. As it is a growing area, Helensvale is also home to several new housing developments. Villawood Properties’ community The Surrounds is one of the latest. Its $4 million state-of-the-art leisure centre recently opened. There are also some impressive display homes around, with many designs winning awards.Porter Davis property advisor Julie Ferriere encouraged house hunters to keep an open mind when looking through them.She urged buyers to look at homes that were in their budget, visit a range of different builders, ask lots of questions, particularly about what fixtures and fittings are included, to ensure its clear what the design will look like, and pay close attention to the layout. 2. Helensvale Median house price: $655,000Median house rent: $580/weekMedian unit price: $428,500Median unit rent: $515/weekAverage days on market: 48 Average hold period: 10 years Population: 23,106Average weekly household income: $1483Median age: 39 Source: CoreLogic data to April 2019 MORE NEWS: Why the trend towards ‘spools’ is heating up 3. Robina MORE NEWS: First home buyers have upper hand 1. Currumbin Waters Median house price: $635,000Median house rent: $600/weekMedian unit price: $353,500Median unit rent: $410/weekAverage days on market: 60 Average hold period: 11 years Population: 16,862Average weekly household income: $1642Median age: 41 Currumbin Waters is between the beach and the Hinterland.Only minutes from some of the Gold Coast’s most beautiful beaches and featuring plenty of parklands and a lake, Currumbin Waters offers the best of both worlds. Currumbin Creek divides the southern suburb, which is the gateway from the beach to the Hinterland. The creek is a bustling area on warm days, providing a safe spot for children to swim and take part in water activities like stand-up paddle boarding and kayaking. Offering a point of difference to its beachside neighbour, Currumbin Waters is surrounded by rolling hills and greenery. On the other side of the suburb is Currumbin Valley — a nature-lover’s playground with rainforest walks, the ever-popular rock pools and mountains with picture-perfect views. Its natural beauty is a big tick with house hunters and the main reason why properties in the suburb are among the longest held on the Gold Coast. Residents hold on to their houses for an average of 12 years, according to the latest CoreLogic figures. It also provides a much cheaper option for buyers looking to break into the area but can’t afford to buy in Currumbin itself. Currumbin Waters’ median house price of $680,000 is $141,000 cheaper than its neighbour. There are also plenty of options to buy waterside thanks to the creek and two man-made waterways within the suburb. On the boarder of Queensland and New South Wales, it is a handy spot for those who commute between the two states.It’s also a popular spot for families thanks to its range of amenities including sporting facilities. These include the Merv Craig Sports Ground, Tierney Park, which is home to the Currumbin District Horse Club, and Palm Beach Currumbin Rugby Union Club’s home ground at Currumbin Hills Park. Robina is home to one of the largest shopping centres in the southern hemisphere.Robina has come a long way since its humble beginnings as grazing farmland almost 40 years ago.It is now one of the Gold Coast’s biggest community hubs with state-of-the-art shopping, recreation and education facilities. The central suburb is between the Pacific Motorway and Southport-Burleigh Rd with Merrimac and Clear Island Waters on one side and Varsity Lakes on the other. It has more than 30 parks and is surrounded by lakes, waterways, walking tracks and cycling paths. It is also home to one of the largest shopping centres in the southern hemisphere — Robina Town Centre.Bond University is on the eastern side of the suburb while Cbus Super Stadium, where rugby league team the Gold Coast Titans train and play, is on the western side. Locals can make the most of public transport with Robina Station offering easy access to Brisbane via the train and buses that service the Coast. The suburb is considered one of the Coast’s most liveable.It has a mix of housing options, from apartments and townhouses to duplexes and houses.According to the latest CoreLogic data, the median house price in Robina is $665,000 and $428,500 for units.Development has breathed new life into the suburb over the years, particularly residential.Bellevue at The Glades is one of the latest developments in the area. It will include 58 apartments across two buildings, which will be connected at the podium level.Both buildings are expected to be finished in November with more than 70 per cent sold.last_img read more