Surfers Paradise is a large suburb in Queensland within the Gold Coast local government area (postcode 4217). With a population of 26,412, the suburb has an established demographic with a median age of 42. Households earn a median income of $69K per year, with an average household size of 1.9 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Surfers Paradise is $3.0 million, having surged 13.8% over the past year. Units have a median price of $685,000 (+11.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,606.
Surfers Paradise is served by 1 school, including 1 primary. The average ICSEA score is 1035, which is around the national average of 1,000. Public transport access includes 12 rail stations, 37 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Surfers Paradise offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($3.0M/$1.1M), placing it in the premium segment. The price-to-income ratio of 43.8x is considered stretched. House prices have moved +13.8% year-on-year.
Surfers Paradise is a large suburb in Queensland within the Gold Coast local government area (postcode 4217). With a population of 26,412, the suburb has an established demographic with a median age of 42. Households earn a median income of $69K per year, with an average household size of 1.9 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Surfers Paradise is $3.0 million, having surged 13.8% over the past year. Units have a median price of $685,000 (+11.4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,606.
Surfers Paradise is served by 1 school, including 1 primary. The average ICSEA score is 1035, which is around the national average of 1,000. Public transport access includes 12 rail stations, 37 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Surfers Paradise offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($3.0M/$1.1M), placing it in the premium segment. The price-to-income ratio of 43.8x is considered stretched. House prices have moved +13.8% year-on-year.