Surfers Paradise
26,000
Population
$1,900,000
Average House price
$750,000
Average Unit price
50%
Growth-Unit prices
Location and Demographics
Surfers Paradise, located on the Gold Coast, Queensland, is one of Australia’s most iconic and vibrant suburbs. Known for its stunning beaches, lively nightlife, and bustling atmosphere, it is situated approximately 80 km south of Brisbane and 25 km north of Coolangatta, making it a central and convenient location for both residents and visitors.
Community and Lifestyle
Surfers Paradise offers an energetic coastal lifestyle with a thriving local scene that includes a diverse array of cafes, restaurants, and boutique shops, particularly along Cavill Avenue and the surrounding areas. The suburb is famous for its pristine beaches, which are perfect for swimming, surfing, and various beach activities. Surfers Paradise is also known for its vibrant nightlife, entertainment options, and attractions such as the SkyPoint Observation Deck and the Q1 building. The suburb is considered safe and family-friendly, with excellent access to schools, parks, and other essential amenities.
Population Growth
The population has seen steady growth over the years, from around 24,000 in 2016 to an estimated 26,000 by 2024. The suburb attracts a diverse mix of professionals, families, retirees, and tourists, contributing to its dynamic and inclusive community.
Property Market Trends
The property market in Surfers Paradise has shown significant growth over the past five years:
Sales Prices
House Prices
2019: $1,400,000
2024: $1,900,000
36% Growth increase
Unit Prices
2019: $500,000
2024: $750,000
50% Growth increase
Rental Market
Houses
Median Rent
2019: $900
2024: $1,250
39% Growth increase
Units
2019: $550
2024: $800
45% Growth increase
Rental Yield
The rental yield in Surfers Paradise remains attractive:
Houses
3.75%
Approximately in 2024.
Units
4.10%
Approximately in 2024
Surfers Paradise is a great place to live and invest
Overall, Surfers Paradise has experienced substantial growth and continues to be a highly desirable location due to its excellent amenities, beautiful natural surroundings, and strong community spirit. The property market remains robust, making it an ideal location for both living and investment.
