The Best Suburbs on the Gold Coast (2024)
The Gold Coast, with its stunning beaches, vibrant lifestyle, and growing economy, has become an increasingly popular destination for both residents and investors. Whether you’re looking to relocate, invest, or simply curious about the area’s most desirable neighbourhoods, this guide will help you navigate the best suburbs the Gold Coast has to offer in 2024.
Southport: The Central Business District
Southport, often overlooked as a residential area due to its status as the central business district, is emerging as a top suburb for savvy investors and homebuyers. With a median house price of $950,000, Southport offers excellent value considering its prime location and amenities.
Why Southport stands out:
- Proximity to world-class healthcare facilities and prestigious schools
- Excellent public transport links
- Diverse property options, from high-rise apartments to character homes
- Ongoing urban renewal projects enhancing the area’s appeal
The suburb is scheduled for significant development, with 11 high-rises planned to accommodate its growing population. This growth potential makes Southport an attractive option for long-term investors.
Mermaid Beach: The Hidden Coastal Gem
Often overshadowed by its more famous neighbours, Mermaid Beach is a hidden gem for those seeking a laid-back coastal lifestyle with a touch of luxury. With a median house price of $1.65 million, it’s not the cheapest option, but it offers excellent value for its prime beachfront location.
Key attractions of Mermaid Beach:
- Exclusive waterfront homes
- Quirky boutiques and trendy cafes
- Strong growth potential (7% 1-year growth, 11% 10-year average)
- Attractive rental yields (3.1% for houses, 4.6% for units)
For those interested in units, the median price of $730,000 with an 8% 1-year growth rate makes Mermaid Beach an appealing option for investors.
Broadbeach: The Best of Both Worlds
Broadbeach offers a perfect blend of urban sophistication and beachside serenity. With a median house price of $1.975 million, it’s one of the pricier suburbs, but it justifies its cost with its amenities and lifestyle offerings.
What makes Broadbeach special:
- Abundance of dining options, shopping precincts, and entertainment venues
- Pristine beaches just steps away from urban conveniences
- Strong growth potential (16% 1-year growth, 12% 10-year average)
- Attractive rental yields (3.6% for houses)
Units in Broadbeach, with a median price of $780,000 and a 13% 1-year growth rate, present an excellent opportunity for investors looking to enter this high-demand market.
Nerang: Affordable Family-Friendly Living
For those seeking a more affordable option without compromising on lifestyle, Nerang offers excellent value. With a median house price of $720,000, it’s significantly more accessible than beachfront suburbs while still providing easy access to the coast and hinterland.
Nerang’s key advantages:
- Family-friendly atmosphere with numerous parks and schools
- Excellent public transport connections
- Strong rental yields (5% for houses)
- Consistent growth (7% 1-year growth, 9% 10-year average)
Nerang was recently named one of the top three suburbs for affordability and liveability on the Gold Coast, making it an excellent choice for first-home buyers and investors alike.
Robina: Suburban Serenity Meets Urban Convenience
Robina offers a peaceful retreat from the hustle and bustle of coastal suburbs while maintaining easy access to urban amenities. With a median house price of $1,065,000, it presents a balanced option for families and investors.
Robina’s standout features:
- Home to the renowned Robina Town Centre
- Excellent schools and recreational facilities
- Consistent growth (9-10% 10-year average for both houses and units)
- Well-planned community with leafy streets and parks
The suburb’s mix of housing options, from family homes to modern apartments, caters to a wide range of preferences and budgets.
Coomera: The Growth Corridor
Once a sleepy suburb, Coomera is now one of the Gold Coast’s fastest-growing residential hubs. With a median house price of $730,000, it offers affordable entry into a rapidly developing area.
Why Coomera is worth considering:
- Major infrastructure projects, including Coomera Town Centre and Westfield Coomera
- Family-friendly amenities and new housing developments
- Strong short-term growth (11% 1-year growth)
- Potential for significant capital appreciation as the area develops
Coomera’s affordability and growth potential make it an attractive option for first-home buyers and investors looking to capitalise on the area’s expansion.
Final Thought
The Gold Coast offers a diverse range of suburbs to suit different lifestyles and investment strategies. From the bustling urban centre of Southport to the family-friendly streets of Nerang, and the coastal charm of Mermaid Beach, there’s something for everyone.
When choosing the best suburb for your needs, consider factors such as:
- Your budget and investment goals
- Proximity to amenities important to you (beaches, schools, shopping centres)
- Future development plans for the area
- Rental yields and capital growth potential
Remember, property markets can fluctuate, and what’s considered the “best” suburb can change over time. It’s always wise to conduct thorough research, consult with local real estate professionals, and consider your long-term objectives before making a decision.
Whether you’re looking for a place to call home or an investment opportunity, the Gold Coast’s diverse suburbs offer a wealth of options to explore. With its continued growth and development, the region remains an attractive destination for both residents and investors in 2024 and beyond.