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Best Areas to Buy Investment Property on the Gold Coast
Posted: 20th September 2024
Posted in: Media
The Gold Coast is not only famous for its stunning beaches and relaxed lifestyle but also for being a prime location for investment properties. Whether you’re looking for Investment Property rental yields or capital growth, the region offers a variety of areas that are appealing to investors. Here are some of the best areas to consider when buying investment property on the Gold Coast:
1. Surfers Paradise
Surfers Paradise is one of the most iconic suburbs on the Gold Coast, known for its vibrant atmosphere, high-rise buildings, and strong tourism sector. Investment properties in this area, particularly apartments and holiday rentals, can generate excellent returns due to the steady flow of tourists. While property prices can be high, the potential for rental income and long-term growth is significant.
- Property type: Apartments and short-term holiday rentals
- Why invest: High tourism demand, central location, strong rental yields
2. Broadbeach
Just south of Surfers Paradise, Broadbeach offers a slightly more upscale and family-friendly vibe. With its growing dining and entertainment scene, proximity to major attractions like The Star Casino and Pacific Fair Shopping Centre, and beautiful beachfront, Broadbeach is another hot spot for investors. The area has a strong demand for rental properties, both short-term and long-term.
- Property type: Apartments, townhouses, and luxury homes
- Why invest: High rental demand, strong capital growth, desirable lifestyle
3. Southport
As one of the Gold Coast’s central business districts, Southport has seen considerable redevelopment and investment in recent years. With its proximity to Griffith University, Gold Coast University Hospital, and the Broadwater Parklands, Southport attracts a diverse range of tenants, including students, professionals, and families. Property prices tend to be more affordable compared to other coastal areas, making it an attractive option for investors.
- Property type: Apartments, units, and townhouses
- Why invest: Affordable entry point, diverse tenant base, growing infrastructure
4. Palm Beach
Palm Beach has transformed from a sleepy suburb into one of the Gold Coast’s most sought-after coastal areas. With its relaxed beach culture, trendy cafés, and proximity to both Burleigh Heads and Currumbin, it’s becoming increasingly popular among young families and professionals. The strong local demand for property, both rental and sales, has driven prices up, but the potential for capital growth remains high.
- Property type: Apartments, townhouses, and beach houses
- Why invest: Strong local demand, lifestyle appeal, high capital growth
5. Robina
Robina is a master-planned suburb that offers a great balance between lifestyle and convenience. It’s home to the Robina Town Centre, one of the largest shopping centres in the region, and has excellent transport links, including a train station. Robina also has quality schools, parks, and medical facilities, making it a family-friendly suburb. Investors can find good rental demand, particularly from families and professionals working in the nearby business hubs.
- Property type: Houses, townhouses, and apartments
- Why invest: Strong rental demand, modern infrastructure, central location
6. Burleigh Heads
Burleigh Heads has a laid-back atmosphere combined with a trendy, upmarket feel. It’s famous for its world-class surf beaches and national park, attracting a broad range of buyers and renters. The suburb has a strong sense of community and a flourishing café and restaurant scene. Properties here, particularly close to the beach, tend to hold their value well and offer excellent long-term capital growth potential.
- Property type: Luxury apartments, beach houses, and townhouses
- Why invest: Popular lifestyle destination, strong capital growth, high demand
7. Varsity Lakes
Varsity Lakes offers a more affordable option for investors compared to the coastal suburbs. It’s popular with students due to its proximity to Bond University, as well as with families and professionals looking for a quieter lifestyle while still being close to everything the Gold Coast has to offer. Rental demand remains strong, particularly for houses and townhouses.
- Property type: Houses and townhouses
- Why invest: Affordable property prices, consistent rental demand, proximity to Bond University
8. Hope Island
For investors looking to tap into the luxury market, Hope Island offers an exclusive waterfront lifestyle with prestigious homes and a world-class marina. It’s a popular choice for retirees and professionals seeking a peaceful environment, away from the hustle and bustle of tourist hotspots. The gated communities and high-end amenities make it a premium area, and properties tend to attract wealthy tenants or buyers.
- Property type: Luxury waterfront homes and townhouses
- Why invest: Exclusive lifestyle, high-end market, strong rental returns
9. Pimpama
Located in the northern Gold Coast growth corridor, Pimpama is one of the fastest-growing suburbs in Queensland. With several new developments, schools, and shopping centers, Pimpama is rapidly becoming a hotspot for families and first-home buyers. Its affordability compared to central Gold Coast suburbs makes it appealing to investors looking for long-term growth.
- Property type: Houses and land packages
- Why invest: Affordability, growth potential, family-friendly community
10. Coolangatta
Coolangatta, at the southern end of the Gold Coast, offers a relaxed, beachside lifestyle with a slower pace than its northern counterparts. With its stunning beaches, close proximity to the Gold Coast Airport, and vibrant community events, Coolangatta is a prime location for those seeking both holiday rentals and long-term tenants. The area is less developed than Surfers Paradise, but this also means it offers good potential for capital growth.
- Property type: Apartments, beach houses, and holiday rentals
- Why invest: Beachfront living, proximity to the airport, holiday rental potential
The Gold Coast presents diverse investment opportunities, from the vibrant city atmosphere of Surfers Paradise to the laid-back coastal charm of Coolangatta. Selecting the right area for your investment property on the Gold Coast depends on your financial objectives, whether you’re aiming for rental income, long-term capital growth, or a combination of both. With the region’s ongoing expansion and development, Gold Coast real estate remains an appealing option for astute investors eager to tap into its dynamic market. To assist with your decision, consider reaching out to one of our agents for guidance in this exciting next step, or explore our current listings.