Tallebudgera Valley is the top Gold Coast suburb according to the realestate.com.au Property Outlook October 2018.
THE Gold Coast’s Hinterland suburbs are continuing to dominate with a new report revealing buyers can’t get enough of the “green behind the gold”.
The realestate.com.au Property Outlook October 2018, released today, revealed Tallebudgera Valley and Tallebudgera were the top suburbs on the Coast.
209 Syndicate Rd, Tallebudgera Valley in under contract through LJ Hooker Mudgeeraba.
The findings are based on demand and median price for residential dwellings across the Gold Coast.
Tugun rounded out the top three while Currumbin Waters and Burleigh Waters came in fourth and fifth.
Ray White Tugun Eleanor agent Ken Jacob, who lives in Tallebudgera Valley, said it was no surprise to see the “Valley” on top.
“I’ve been to over 50 countries and I don’t know where in the world you can actually live so close to a thriving city and yet be in a tropical Hinterland area like this,” Mr Jacob said.
“It’s so close to a bustling city but you could be miles and miles out.”
You wake up in pristine paradise and you come home to that same paradise.”
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11 Monday Drive, Tallebudgera Valley is on the market at $1.65 million — $1.75 million.
The median house price in Tallebudgera Valley is $1.08 million, up eight per cent in just three months and almost 31 per cent over 12 months.
Mr Jacob said a limited number of properties hit the market each year in Tallebudgera Valley, creating more demand and pushing up prices.
“A lot of people will stay 15 to 20 years because it is a very desirable place to live,” he said.
“It’s a very tightly held area.
realestate.com.au chief economist Nerida Conisbee.
Nerida Conisbee, realestate.com.au chief economist, said Queensland’s economic growth was pulling the market up.
“Brisbane is doing well and much of regional Queensland is joining it, although many areas are coming off low bases,” she said.
“Even (the) Gold Coast, which had a quick post Commonwealth Games demand hangover, seems to be recovering.”
The top suburbs on the Gold Coast are:
1. Tallebudgera Valley
4. Currumbin Waters
5. Burleigh Waters
6. Currumbin Valley
7. Mermaid Waters