With the job market flourishing and an uptake in population as more seek out the beachside lifestyle on the Gold Coast, the property market has experienced substantial growth. The average house price on the GC is now currently exceeding a million dollars, and the market is projected to continue to grow, increasing by another 6% this year. These are compelling figures for investors to get in quickly, and reap the benefits as the Gold Coast market continues to boom.
Considering important factors such as development growth, and the real estate data of the past year, we’ve determined the 7 best investment suburbs on the Gold Coast in 2024 that you should contemplate adding to your portfolio.
Table of Contents
- Southport, 4215
- Coomera, 4209
- Broadbeach, 4218
- Arundel, 4214
- Tugun, 4224
- Biggera Waters, 4216
- Labrador, 4215
Southport, 4215
Southport is one of the oldest suburbs on the Gold Coast. Right amongst the business district, it is developing into a real estate coastal hotspot. Southport is scheduled to get 11 high rises to house its ever-growing population. Only 11 minutes by car to the CBD, Southport still boasts a unique identity against the centre of the city.
Median house price: $950,000 (+3.5% from May 2023)
Median weekly house rent: $770.00 per week (+5.5% from May 2023)
Average house rental yield: 4.4%
Median unit price: $595,000 (+11.4% on May 2023)
Median unit rental price: $620 per week (+12.7% on May 2023)
Average unit rental yield: 5.8%
Median weekly household income: $1,268
Population: 36,786
Private dwellings: 18,451
Appeal: An old gem among the new. Leafy green yards and streets, and only two minutes from the beach.
Coomera, 4209
Coomera is described as the suburb of fun, as it harbours the iconic tourist attractions of the Gold Coast, with Dreamworld, a convenient stop next to the local shops. Right next to the Pacific highway, taking only 45 minutes to reach Brisbane CBD, Coomera is a great location for commuters.
Coomera is classed as a family-friendly suburb and is experiencing a boom in population as people flock to its newly finished amenities. With lush streets and only 31 minutes from the Gold Coast CBD, Coomera is a budget-friendly suburb for now – but it is not likely to remain that way for long.
Median house price: $840,000 (+13.5% from May 2023)
Median weekly house rent: $700.00 per week (+7.7% from May 2023)
Average house rental yield: 4.8%
Median unit price: $555,000 (+5.7% on May 2023)
Median unit rental price: $590 per week (+13.5% on May 2023)
Average unit rental yield: 5.4%
Median weekly household income: $1,930
Population: 20,225
Private dwellings: 6,957
Appeal: Family-friendly focussed suburb, currently lower house prices.
Broadbeach, 4218
Broadbeach is right in the centre of the action of the Gold Coast. Easy access to many restaurants, shopping centres, and the beach right on the doorstep, Broadbeach is a fantastic place for the go-getters in life who like to keep busy.
Median unit price: $860,000 (+7.5% on May 2023)
Median unit rental price: $700 per week (+7.7% on May 2023)
Average unit rental yield: 4.9%
Median weekly household income: $1,419
Population: 6,786
Private dwellings: 5,877
Appeal: Best of both worlds, with a relaxed atmosphere right on the beach, whilst having access to the nightlife and shopping scene.
Arundel, 4214
Maintaining steady growth over the years Arundel is well maintained and quiet. It has great ecological diversity within the suburb with the rolling hills of its golf courses and many recreational parks.
Median house price: $1,010,000 (+13.5% from May 2023)
Median weekly house rent: $800 per week (+2.6% from May 2023)
Average house rental yield: 4.7%
Median unit price: $620,000 (+13.8% on May 2023)
Median unit rental price: $650 per week (+8.3% on May 2023)
Average unit rental yield: 5.6%
Median weekly household income: $1,682
Population: 11,171
Private dwellings: 4,281
Appeal: One of the Gold Coasts best golf courses, and a quiet but relatively new neighbourhood.
Tugun, 4224
Tugun has managed to maintain a laid-back approach to life. It is a small suburb privy to some of the best surfing beaches, a short trip from the airport, and it can be a popular tourist spot. With the Tugun bypass implemented, it isn’t subject to any unnecessary through traffic and stays a peaceful haven. Still with plenty to do, Tugen has boutique shopping and many dining establishments.
Median house price: $1,210,000 (+10.0% from May 2023)
Median weekly house rent: $900 per week (+5.9% from May 2023)
Average house rental yield: 4.1%
Median unit price: $844,000 (+5.5% on May 2023)
Median unit rental price: $700 per week (+7.7% on May 2023)
Average unit rental yield: 4.7%
Median weekly household income: $1,737
Population: 7,175
Private dwellings: 3,262
Appeal: Right next to a great surf beach, laid back lifestyle.
Biggera Waters, 4216
Biggera Waters is known for its great fishing, around its waterways, and estuaries. Only 10 minutes from the CBD but you wouldn’t know it, with its quiet lifestyle. Biggera has seen an uptake in popularity with recent shopping centre development in the area.
Median house price: $1,312,500 (+30.0% from May 2023)
Median weekly house rent: $820 per week (-3.5% from May 2023)
Average house rental yield: 3.8%
Median unit price: $610,000 (+8.9% on May 2023)
Median unit rental price: $650 per week (+8.3% on May 2023)
Average unit rental yield: 5.5%
Median weekly household income: $1,314
Population: 9,973
Private dwellings: 5,058
Appeal: Water sport activities right on the doorstep, only 10 minutes to the CBD.
Labrador, 4215
Labrador offers a variety of different housing in the suburb, sporting many homes in the original ‘Queenslander’ style, mixed with high rises and townhouses. With beach front to its east and rolling hills to its west, it has a lovely atmosphere and is only a quick 20 minutes to the CBD.
Median house price: $945,000 (+12.9% from May 2023)
Median weekly house rent: $750 per week (+7.9% from May 2023)
Average house rental yield: 4.3%
Median unit price: $611,600 (+11.8% on May 2023)
Median unit rental price: $585 per week (+6.4% on May 2023)
Average unit rental yield: 5.3%
Median weekly household income: $1,188
Population: 18,643
Private dwellings: 9,451
Appeal: Up and coming suburb, going through a revamp with boutiques and restaurants beginning to populate the area.
Note: The above data insights are courtesy of the 2021 Australian Bureau of Statistics (ABS) Census data and Real Estate.com.au.
