Back to the future: Five Gold Coast suburbs you should have bought in five years ago

first_img Hope Island’s median house price has grown by $470,000 since 2014.The median house price in Hope Island climbed the most since 2014, jumping 90.4 per cent to $991,000, according to CoreLogic. That’s a gain of $470,000 in five years. Tallebudgera Valley trailed, notching 63 per cent growth followed by Mermaid Beach, Palm Beach and Coomera, which all recorded more than 50 per cent growth.Real Estate Institute of Queensland Gold Coast chairman Andrew Henderson said the five suburbs offered something for everyone. “Palm Beach and Mermaid Beach would be there for the lifestyle and Palm Beach has seen a massive amount of redevelopment,” he said. “Coomera would be on there due to affordability and Hope Island, being exempt from FIRB (Foreign Investment Review Board) approval, would be a huge attraction for overseas residents. “Tallebudgera Valley attracts people looking for a tree change.” Real Estate Institute of Queensland Gold Coast chairman Andrew Henderson. Picture: Jerad WilliamsAs for where to buy to secure big gains in the next five years, Mr Henderson suggested looking south or to the top five areas’ sister suburbs.“Neighbouring suburbs are often the next suburbs to see the price growth,” he said. “The southern market offers a lot of attraction, especially with the airport proximity. “Currumbin Valley will offer that tree change and run off the back of the benefits of the growth in Tallebudgera Valley. “The most value for money is a place like Upper Coomera, being a neighbour suburb to Coomera. I think that’s where the current opportunities present themselves.” To be celebrating big house price gains in 2024, buyers have been told to look at the top five area’s sister suburbs.Professionals Vertullo Real Estate agent Mark Carew sells and lives at Hope Island and said his home had nearly doubled in price. “I have lived there for nearly 20 years, in both resorts (Hope Island and Sanctuary Cove) and my homes have appreciated a lot,” he said. “The resorts are running out of the land and people are seeing they need to get in now, otherwise they might miss out. “Stock is limited at the moment as people do see the growth and a lot of sellers have been holding back as the growth is still climbing year-on-year.” Hope Island joined the million-dollar club last month but latest CoreLogic data shows its median house price has since dropped slightly. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:03Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:03 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhat is a sister suburb? 02:03 WHERE YOU SHOULD HAVE BOUGHT A HOUSE FIVE YEARS AGO 1. Hope Island Growth — 90.2% 2019 median — $991,000 2014 median — $521,000Difference = $470,000 2. Tallebudgera Valley More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoGrowth — 63%2019 median — $1.17 million 2014 median — $718,000 Difference — $452,000 3. Mermaid Beach Five Gold Coast suburbs have notched impressive median house price growth in the past five years.HOMEOWNERS who bought in five Gold Coast suburbs five years ago will be rejoicing after the areas notched huge gains to house prices. And for those who wish they could turn back time, they might not have to look too far to be celebrating their investment in 2024. MORE NEWS: The mansion house hunters can’t get enough of Growth — 55.7% 2019 median — $845,4002014 median — $543,000 Difference — $302,400 5. Coomera Growth — 58.8% 2019 median — $1,397,500 2014 median — $880,000Difference — $517,500 4. Palm Beach Despite notching impressive growth, Coomera’s median house price was still in the more affordable price bracket and sat below the Gold Coast’s overall median of $650,000. Ray White Pacific Pines agent Sebastian Ross said nearby suburbs might be the next areas to mirror what had been happening at Coomera. “Oxenford and Pacific Pines offer really good value for money for first-home buyers all the way up to people who want property with nice views,” he said.“That pocket has some really good growth to do and Parkwood is another really big one to watch.” MORE NEWS: Brad Pitt, Angelina Jolie and Pink’s holiday house for sale Growth — 52.8%2019 median — $549,9852014 median — $360,000Difference — $189,985last_img

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