Located in Queensland within the Gold Coast local government area, Hope Island is a settled mid-to-large suburb (postcode 4212). It is home to about 14,522 residents, with an older-leaning population and a median age of 50. Households earn a median income of $101K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Hope Island has a median house price of $1.1 million, which has risen by 2.9% year-on-year. Units have a median price of $1.1 million (+15.6% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,200.
Public transport access includes 14 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.1%, which reads as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 11.4x is considered stretched. House prices have moved +2.9% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.