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Currumbin Waters - A suburb that offers great value for money
The glitter strip is renowned for its flashy mega-mansions but you don’t have to be a millionaire to live on the Gold Coast.
The Gold Coast’s median house price of $655,000 is considered affordable in comparison to Melbourne and Sydney’s, which stands at $710,000 and $920,000 respectively.
Currumbin Waters was one of the areas with a median house price closest to the Gold Coast’s overall median, as featured in the Bulletin’s Sold On Gold Coast property guide.
So what makes this suburb great value for money?
- Median house price: $680,000
- Median house rent: $640/week
- Median unit price: $405,000
- Median unit rent: $450/week
- Average days on market: 30.5
- Average hold period: 12 years
- Population: 9121
- Average weekly household income: $1323
- Median age: 43
Only minutes from some of the Gold Coast’s most beautiful beaches and featuring plenty of parklands and a lake, Currumbin Waters offers the best of both worlds.
Currumbin Creek divides the southern suburb, which is the gateway from the beach to the Hinterland.
The creek is a bustling area on warm days, providing a safe spot for children to swim and take part in water activities like stand-up paddle boarding and kayaking.
Offering a point of difference to its beachside neighbour, Currumbin Waters is surrounded by rolling hills and greenery.
On the other side of the suburb is Currumbin Valley — a nature-lover’s playground with rainforest walks, the ever-popular rock pools and mountains with picture-perfect views.
Its natural beauty is a big tick with house hunters and the main reason why properties in the suburb are among the longest held on the Gold Coast.
Residents hold on to their houses for an average of 12 years, according to the latest CoreLogic figures.
It also provides a much cheaper option for buyers looking to break into the area but can’t afford to buy in Currumbin itself.
Currumbin Waters’ median house price of $680,000 is $141,000 cheaper than its neighbour. There are also plenty of options to buy waterside thanks to the creek and two man-made waterways within the suburb.
On the boarder of Queensland and New South Wales, it is a handy spot for those who commute between the two states.
It’s also a popular spot for families thanks to its range of amenities including sporting facilities.
These include the Merv Craig Sports Ground, Tierney Park, which is home to the Currumbin District Horse Club, and Palm Beach Currumbin Rugby Union Club’s home ground at Currumbin Hills Park.
by REA (Source: CoreLogic data to April 2019) Currumbin Waters - A suburb that offers great value for money palmbeachfn.com.au September 2019 First National Palm Beach
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