Property Investing

6 Best Suburbs In Gold Coast To Invest In 2022

Published 18th October 2022Updated 3rd April 2023

Distant view of Gold Coast

Is there a better time to invest in the Gold Coast? Probably not. The popularity of this coastal city’s suburbs, along with regional properties, has only boomed since the beginning of the pandemic. The Gold Coast suburb has a projected population growth of 1.2 million by 2050, making it perfect for property investment right now.

With its fantastic beachfronts, theme parks, universities, and unique public transport system that connects Surfers Paradise, Broadbeach, Mainbeach, and Southport (among others), the Gold Coast is definitely a worthy contender to building out your property portfolio.

Where to invest in Gold Coast

Tracking down the ideal property investment can often be confusing and overwhelming. What exactly should you focus on - Property prices? The suburb? Or your personal lifestyle?

While the beach is just a hop away from most Gold Coast suburbs, each area has unique characteristics that appeal to different investors. Here are our top six picks to help you make your first (or next) investment move in the Gold Coast:

1. Surfers Paradise

An overwhelmingly popular town with over ten million tourists every year, Surfers Paradise is one of the top investment picks in the Gold Coast. Whether you want to live in or just visit, the Gold Coast has you covered, with amazing residential towers, festivals, bistros, markets, and nightlife!

Detail

Houses

Units

Median Property Sale Prices

$2,899,000

$545,000

Average Rental Price

$1,325 per week

$500 per week

Annual Rental Yield

3%

5.2%

Time on Rental Market

21 days

46.1 days

Compound Growth Rate
(based on 5 years of sales)

53.6%

3.2%

2. Broadbeach

Want someplace a bit quieter and laid back than the hotspot that is the Gold Coast? Check out its neighbour, Broadbeach! A holiday town as well as a family-oriented neighbourhood, Broadbeach is just slightly smaller than Gold Beach.  

The suburb is a hotspot for unit investments and has plenty to offer residents. The census shows 40.6% of properties are owner-occupied, with a large demographic of young couples without children, working in professional occupations.

Detail

Houses

Units

Median Property Sale Prices

$1,800,000

$720,000

Average Rental Price

$600 per week

$592 per week

Annual Rental Yield

2.55%

4.01%

Time on Rental Market

-

19 days

Compound Growth Rate
(based on 5 years of sales)

-

0.9%

3. Arundel

Arundel has a high-demand market, especially among established families, couples, and students - the latter thanks to Griffith University.

Easy access to public transport and a short distance to Surfers Paradise are just some of the reasons that make this area particularly popular.

The suburb also boasts one of the best golf courses in Australia, and is already a well known go-to area for hobby and pro golfers alike.

Detail

Houses

Units

Median Property Sale Prices

$900,000

$510,000

Average Rental Price

$737 per week

$510 per week

Annual Rental Yield

4.6%

5.6%

Time on Rental Market

16 days

14 days

Compound Growth Rate
(based on 5 years of sales)

21.6%

13.3%

4. Southport

The booming and bustling CBD of the Gold Coast is Southport, a lively city just north of Surfers Paradise. 

Worried about transportation? Southport has seven light rail stations and borders the Gold Coast Highway. Easy access to schools and campuses, make this suburb a residential hotspot. 

Other attractions in the area include the Gold Coast Aquatic Centre and Seaworld Theme Park. If you fancy a bit of shopping and catching a movie at the cinema, drop in at the Australia Fair on Marine Parade.

Detail

Houses

Units

Median Property Sale Prices

$910,000

$495,000

Average Rental Price

$700 per week

$500 per week

Annual Rental Yield

4.1%

5.8%

Time on Rental Market

16 days

14 days

Compound Growth Rate
(based on 5 years of sales)

21.3%

19.3%

5. Labrador

If you are keen on living in an old home with lots of character, Labrador might be the ideal place for you. 

One of the Gold Coast’s oldest suburbs, dating back to the fifties, Labrador is popular among first-home owners who snagged up properties for renovation during the recent housing boom. The broadwater beachfront here is fast becoming home to high-rises, restaurants, cafes, and various date spots.

Detail

Houses

Units

Median Property Sale Prices

$875,000

$515,000

Average Rental Price

$650 per week

$480 per week

Annual Rental Yield

4.2%

5.4%

Time on Rental Market

15 days

14 days

Compound Growth Rate
(based on 5 years of sales)

34.6%

21.2%

6. Burleigh Heads

Last but not least on our list is Burleigh Heads - the second most popular spot for tourists in the Gold Coast after Surfers Paradise. 

An average of 3000 people flock to the beach at Burleigh Heads, which is next to Justin Park, home to some of the Coast’s oldest pines. It’s not just the sparkling sea that's the attraction here: there are lush parklands, plenty of bbq spots, village markets, and the Burleigh Heads National Park. 

If you want a home that feels like an eternal holiday spot without being overly touristy, Burleigh Heads ticks all the boxes.

Detail

Houses

Units

Median Property Sale Prices

$1,375,000

$882,500

Average Rental Price

$900 per week

$630 per week

Annual Rental Yield

3.4%

4.3%

Time on Rental Market

21 days

15 days

Compound Growth Rate
(based on 5 years of sales)

16.5%

21.7%

Why invest in the Gold Coast?

Gold Coast has over fifty suburbs to pick from and is becoming increasingly popular with every passing year. 

Over the last three years, there's been an increase of 21% in median property prices, and over $5 billion has been invested to develop the area. This has attracted a large and diverse group of people, ranging from university students to young families and retirees. 

With its subtropical trails, hinterlands, world-class surfing, glitzy malls, hotels, cinemas, and residentially developed areas this amazing coastal city is much more than just a tourist destination.  

So, if you’re planning to buy your forever home or grow your investment portfolio, the Gold Coast definitely has the potential to make that dream come true!

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Disclaimer: The views, information, or opinions expressed in this blog post are for general information purposes only and should not be relied upon. We have not taken into account specific situations, facts or circumstances, and no part of this blog post constitutes personal financial, legal, or tax advice to you. You should seek tax advice from your accountant, specific to your situation.

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