What $1m gets you on the Gold Coast property market: It’s all about location
IT’S hard to believe they’re the same price — but million-dollar Gold Coast homes are not created equal — with a few kilometres difference all it takes to make a vast difference.
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IT’S hard to believe they’re the same price — but million-dollar Gold Coast homes are not created equal — with a few kilometres difference all it takes to make a vast difference in the size and luxury of available homes.
After the number of million-dollar suburbs doubled in the past 12 months the $1 million price tag has become the new average for many central suburbs — but venturing outside the traditionally-popular suburbs could pay off.
If you’ve got $1.3 million to spend, you could nab a luxury waterfront mini-mansion in Helensvale — complete with five bedrooms, three bathrooms and your own pontoon.
In busier Surfers Paradise, the same price range will fetch you a modest one-bedroom unit — although it does overlook the Pacific Ocean, so could be worth the spatial sacrifice.
An ageing, one-bathroom surf pad in Burleigh on a narrow, sloping block will cost you about the same, but heading a few clicks south — in geography and budget — $985,000 will buy you a sprawling resort-like acreaae in the Currumbin Valley — along with its quarter-acre block, massive swimming pool, gym and sleepy kangaroos.
Property insiders say venturing north, south or west of Surfers Paradise and Broadbeach is the key to getting more bang for your buck.
Harcourts Coastal agent Sally O’Neill said the northern corridor offered tremendous value compared with pricier central suburbs.
“The northern end offers an outstanding laid back lifestyle with many waterfront properties selling in the region of $1 million dollars for a great modern home with a pontoon and secure water access,” she said.
“The area is complimented by many shopping centres, eateries and marinas, Helensvale state High school is highly regarded as a public school, there are also many options of private schooling also available here.”
According to recent figures from PRD Nationwide there are roughly 240 properties priced between $950,000 and $1.2 million in central parts of the Coast compared to 577 properties priced between $1.2 and $10 million.
Research director Louise Moeller said areas around Southport offered particularly good value, as did some older parts of the southern Coast.
“What is happening now is between Palm Beach and Mermaid Beach there is redevelopment and rezoning,” she said.
“We are seeing duplexes and low-rises being built around the lifestyle of cafes and beach and there are a lot of people buying older places and spending a lot of money on renovating.
“Attention is shifting to the family suburbs in the northern end, there is some really decent property there.”
On the market
Currumbin Valley — 1 Lakeview Place Currumbin Valley $985,000
Burleigh Heads — 85 George Street Burleigh Heads, $1,280,000
Robina — 1 Heidelberg Circuit Robina $999,000
Mudgeeraba — 6 Bagan Court Mudgeeraba $959,000
Broadbeach — The Oracle apartment $985,000 — $1,025,000
Surfers Paradise — 12a Oak Avenue Surfers Paradise $1,300,000
Paradise Point — Pam Fisher 10 Namatjira Street Paradise Point $999,000
Helensvale — 20 Parkview Place Helensvale $1,295,000
Arundel — 24 Jarvis Place Arundel offers over a million, Neil Cameron — Ray White, Arundel
Highland Park — 30 Tara Vista Boulevard Highland Park $1,050,000
15-19 Lucas Rd Tamborine, Offers over $1.125 million
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