This property is Off Market
With an average age of 37, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $350. The average family earns a weekly income of $1,447 with a typical household size of 1.8 and a 91.92% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Surfers Paradise is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Surfers Paradise changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Surfers Paradise requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 12%)
Surfers Paradise a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Queensland State average 66 / 100
Income
15 / 100
32 / 100
Industry
96 / 100
32 / 100
Population
73 / 100
40 / 100
House Prices
61 / 100
63 / 100
Jobs
21 / 100
31 / 100
Incidents Trend State Average
Surfers Paradise State School
Surfers Paradise, QLD, 4217 State Prep-6
Keebra Park State High School
Southport, QLD, 4215 State 7-12
The Southport School
Southport, QLD, 4215 Independent Prep-12
Southport State School
Southport, QLD, 4215 State Prep-6
Bellevue Park State School
Ashmore, QLD, 4214 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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