Tugun (postcode 4224) is a moderately sized suburb in Queensland within the Gold Coast local government area. The area has roughly 7,175 residents and an established family demographic, with a median age of 39. Households earn a median income of $90K 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in Tugun sit at $1.6 million, little changed on a year ago. The current median weekly rent is $800. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,950.
Public transport access includes 24 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.6% (low yield). Property prices are above the state median ($1.6M/$1.1M), placing it in the premium segment. The price-to-income ratio of 18.0x is considered stretched. House prices have moved +0.0% 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.