The Gold Coast, a stunning coastal city known for its beautiful beaches, vibrant lifestyle, and excellent weather, continues to attract homebuyers and investors alike. In 2024, the property market on the Gold Coast remains strong, with various suburbs offering unique opportunities for different types of buyers. Whether you’re a first-time homebuyer, a seasoned investor, or looking for a place to retire, this guide will help you discover the top suburbs to buy property on the Gold Coast in 2024.
1. Burleigh Heads
Why Buy Here: Burleigh Heads is one of the most sought-after suburbs on the Gold Coast, and for good reason. Known for its relaxed beachside vibe, stunning coastline, and thriving café culture, Burleigh Heads offers a perfect blend of lifestyle and investment potential. The suburb has seen steady property value growth, driven by its appeal to young professionals, families, and retirees alike.
Property Market Insights: As of 2024, the median house price in Burleigh Heads is approximately AUD 1.2 million, with units around AUD 700,000. The area’s popularity ensures that demand remains high, making it a stable investment option. Properties close to the beach or with ocean views are particularly desirable.
Who It’s For: Burleigh Heads is ideal for those who want a laid-back lifestyle while still being close to the action. It’s perfect for young professionals, surfers, and families who appreciate the outdoors and a strong sense of community.
2. Broadbeach
Why Buy Here: Broadbeach is often considered the Gold Coast’s cosmopolitan hub, with its luxury apartments, upscale dining, and proximity to world-class shopping at Pacific Fair. The suburb offers a mix of high-rise apartments and more traditional housing, making it attractive to a wide range of buyers.
Property Market Insights: In 2024, Broadbeach continues to be a hot spot for property buyers, with median apartment prices around AUD 850,000. The suburb’s location, just minutes from the beach and major attractions like The Star Casino, adds to its appeal. Investors are particularly drawn to the area due to its strong rental demand and potential for capital growth.
Who It’s For: Broadbeach is perfect for professionals, retirees, and investors who want to be in the heart of the Gold Coast’s entertainment and dining scene. It’s also a great option for those looking to purchase a holiday home with rental potential.
3. Robina
Why Buy Here: Robina is a master-planned community that has grown into one of the Gold Coast’s most popular suburbs, especially for families. With its excellent schools, shopping centers, parks, and transport links, Robina offers a balanced lifestyle with all the amenities you could need.
Property Market Insights: According to a Gold Coast buyers agent the median house price in Robina in 2024 is around AUD 900,000, with units averaging AUD 550,000. The suburb’s well-developed infrastructure and family-friendly environment ensure steady demand and make it a great choice for long-term growth.
Who It’s For: Robina is ideal for families, professionals, and retirees looking for a suburban lifestyle with easy access to everything the Gold Coast has to offer. It’s also an attractive option for investors looking for properties with strong rental demand, particularly from families.
4. Palm Beach
Why Buy Here: Palm Beach has emerged as one of the Gold Coast’s trendiest suburbs, attracting a younger demographic with its vibrant café culture, pristine beaches, and outdoor lifestyle. The suburb has undergone significant gentrification, making it a hotspot for both buyers and investors.
Property Market Insights: In 2024, the median house price in Palm Beach is approximately AUD 1.15 million, with units around AUD 700,000. The suburb’s transformation over the past few years has led to strong property value growth, and it continues to be a popular choice for those seeking a coastal lifestyle.
Who It’s For: Palm Beach is perfect for young professionals, surfers, and families who want to be part of a lively, community-focused suburb. It’s also a great option for investors looking for properties in high-demand areas.
5. Southport
Why Buy Here: Southport, the Gold Coast’s central business district, offers a mix of urban convenience and waterfront living. The suburb is home to a diverse range of properties, from high-rise apartments to charming older homes, making it accessible to a wide range of buyers.
Property Market Insights: In 2024, Southport’s median house price is around AUD 800,000, with units averaging AUD 500,000. The suburb’s proximity to major employment hubs, educational institutions, and healthcare facilities ensures strong demand, particularly from young professionals and students.
Who It’s For: Southport is ideal for professionals, investors, and students who want to be close to the city’s amenities and employment opportunities. It’s also a great choice for those looking for more affordable property options on the Gold Coast.
6. Mermaid Waters
Why Buy Here: Mermaid Waters is a family-friendly suburb known for its peaceful waterways, spacious homes, and proximity to the beach. The suburb offers a more relaxed lifestyle while still being close to the action in Broadbeach and Surfers Paradise.
Property Market Insights: In 2024, the median house price in Mermaid Waters is approximately AUD 1.1 million, with units around AUD 650,000. The suburb’s combination of waterfront living and easy access to shopping and entertainment makes it a popular choice for families and retirees.
Who It’s For: Mermaid Waters is perfect for families and retirees who want a quiet, suburban lifestyle with the benefits of being close to the beach and major amenities. It’s also a good option for investors looking for properties with long-term growth potential.
7. Currumbin
Why Buy Here: Currumbin is known for its natural beauty, including stunning beaches, lush hinterland, and the iconic Currumbin Creek. The suburb offers a relaxed, nature-focused lifestyle, making it a favorite among those who value the outdoors.
Property Market Insights: In 2024, the median house price in Currumbin is around AUD 1.2 million, with units averaging AUD 750,000. The suburb’s unique location and natural attractions ensure strong demand, particularly from buyers looking for a coastal retreat.
Who It’s For: Currumbin is ideal for nature lovers, surfers, and families who want to live in a peaceful, picturesque environment. It’s also a great option for those looking for a holiday home or an investment property with strong rental appeal.
8. Hope Island
Why Buy Here: Hope Island is a prestigious suburb known for its luxury homes, golf courses, and marina facilities. The suburb offers a resort-style lifestyle, attracting both local and international buyers looking for high-end properties.
Property Market Insights: In 2024, the median house price in Hope Island is approximately AUD 1.3 million, with units around AUD 750,000. The suburb’s exclusive amenities and secure gated communities make it a highly desirable location for luxury buyers.
Who It’s For: Hope Island is perfect for luxury buyers, retirees, and golf enthusiasts who want a sophisticated, resort-style lifestyle. It’s also a great option for international buyers looking for a prestigious address on the Gold Coast.
9. Varsity Lakes
Why Buy Here: Varsity Lakes is a modern, master-planned community that has become a popular choice for families and professionals. The suburb offers excellent schools, parks, and a convenient location close to Robina Town Centre.
Property Market Insights: In 2024, the median house price in Varsity Lakes is around AUD 850,000, with units averaging AUD 550,000. The suburb’s strong community focus and well-designed infrastructure make it a reliable choice for buyers and investors.
Who It’s For: Varsity Lakes is ideal for families, young professionals, and investors looking for a modern, well-connected suburb with strong rental demand.
10. Tugun
Why Buy Here: Tugun is a charming beachside suburb known for its laid-back vibe and beautiful beaches. The suburb offers a mix of older homes and modern developments, making it a popular choice for those seeking a relaxed coastal lifestyle.
Property Market Insights: In 2024, the median house price in Tugun is approximately AUD 1 million, with units around AUD 650,000. The suburb’s natural beauty and community atmosphere ensure steady demand, particularly from those looking for a quieter alternative to the more bustling Gold Coast suburbs.
Who It’s For: Tugun is perfect for families, retirees, and beach lovers who want to live in a friendly, community-focused suburb. It’s also a great option for those looking for a coastal retreat with strong long-term growth potential.
Conclusion
The Gold Coast offers a diverse range of suburbs, each with its own unique appeal. Whether you’re looking for a vibrant beachside community, a family-friendly suburb, or a luxury retreat, there’s a perfect location for you on the Gold Coast in 2024. By understanding the key features and property market insights for each suburb, you can make an informed decision that aligns with your lifestyle and investment goals.
