Tucked within a 4.1 square kilometre expanse on Queensland’s Gold Coast, Paradise Point is a serene village-like pocket situated at the Northern end of the Broadwater. It offers secluded beaches and nine meticulously maintained parks, encompassing nearly 10.8% of its total area. We love it for its unique blend of laid-back resort vibes and family-friendly vibrancy. From 2011 to 2016, this haven experienced a commendable population surge, evolving from 5,929 to 6,558 residents, marking an impressive 10.6% growth. Notably, the predominant age group in this flourishing community falls within the 60-69 years bracket, adding a distinct character to the suburb’s demographic landscape. High comparison median value house prices in the area can be attributed to the neighbouring Paradise Point enclaves of Sovereign Islands and Ephraim Island; renowned as the most prestigious addresses on the Gold Coast, setting the benchmark for waterfront living.
Why We Love It:
The essence of Paradise Point resonates with its appealing laid-back resort town feel. Households that do pay mortgages typically repay monthly amounts ranging from $1800 to $2399, attracting established couples seeking a harmonious blend of tranquility and work-from-home life balance. Managerial occupations prevail, contributing to a diverse community fabric. Despite this demographic trend, the suburb remains an inviting haven for families, couples, and investors alike, offering a lifestyle that harmonises peace with progress.
Natural Beauty
The waterways around Paradise Point are a visual spectacle, with the Coomera River to the north and the golden sand beaches of South Stradbroke Island to the east. The natural bushland of Coomera Island contributes to the sense of calm, creating a very Australian tropical island paradise feel. These surroundings add to the tranquility of Paradise Point, offering residents a peaceful coastal environment.
Enclaves: Sovereign Islands & Ephraim Island
The island community enclaves Sovereign Islands and Ephraim Island are widely considered the epitome of luxury on the Gold Coast, enhancing the appeal of Paradise Point. Situated just minutes north of Surfers Paradise, these enclaves offer not only opulent living but also showcase the breathtaking beauty of the surrounding highly navigable waterways of the Broadwater and the nearby Coomera River.
Sovereign Islands
Sovereign Islands, an enclave within Paradise Point, features an impressive collection of grand-scale, architect-designed multi-level mansions alongside more modest homes. The architectural diversity is remarkable, with artistic home facades that incorporate textures of concrete, stone, and glass. Others might feature a rich tapestry of palms, hanging, and climbing plants to further enhance the aesthetic appeal of the homes. The island is adorned with arched road and foot bridges, and a multitude of inlets play host to some of the world’s finest motor yachts, contributing to the luxurious atmosphere.
Ephraim Island
Ephraim Island, also within the suburb of Paradise Point, boasts a larger collection of low-rise apartment buildings lining the water. While still exuding opulence, some of these residences come with a slightly more modest price tag. The island’s architecture, that blends reasonably well with the natural surroundings, offers residents a waterfront lifestyle that combines luxury with a sense of community.
Development:
Embracing its population surge, Paradise Point has seen substantial development. Its commercial precinct has flourished, witnessing a surge in boutique shops, cafes, and dining spots catering to the burgeoning community. The tourism sector has thrived, drawing visitors enticed by the area’s natural splendour and diverse leisure activities. The housing landscape has evolved with modern designs and sustainability initiatives, reflecting the suburb’s commitment to growth while preserving its intrinsic charm.
Paradise Point’s allure lies in its ability to evolve while retaining its serene essence. As the suburb continues to grow and diversify, it remains a coveted destination on the Gold Coast, appealing to families, couples, and investors seeking a seamless blend of tranquil living and opportunities for advancement.
Suburb Insights for Houses in the Last 12 Months:
Paradise Point stands out amidst the real estate landscape, showcasing remarkable figures that underscore its desirability and unique appeal. In the past year:
$1.4M Median Sale Price: This median sale price significantly surpasses the national average, standing at $1.4M compared to $485k. It signifies the premium value placed on properties within this serene waterfront suburb.
-13.31% Median Sale Price Change (1yr): While nationally, there’s been a 4.30% increase in median sale prices, Paradise Point has experienced a 13.31% decrease in the past year. This fluctuation may indicate a localised market adjustment or a unique trend within the suburb’s housing market.
$890pw Median Rent: The median rent of $890pw notably surpasses the national average of $395, reflecting the high demand for rental properties in this sought-after locale.
3.3% Median Gross Yield: Despite a lower gross yield compared to the national average of 4.24%, the suburb remains an attractive option for property investors due to its premium market value and potential for long-term growth.
Properties Sold in Last 12 Months: A total of 135 properties changed hands in the past year, showcasing a steady level of market activity within the suburb.
Average Days on Market: Properties typically spent an average of 72 days on the market, indicating a stable demand for homes in Paradise Point.
These statistics paint a picture of a housing market that, while experiencing a recent decrease in median sale price, maintains its allure due to higher-than-average property values and rental rates. The demand for properties within Paradise Point remains robust, appealing to both investors and homeowners seeking a tranquil yet affluent lifestyle.
Data within this article has been sourced from Core Logic. Published 3 Jan, 2024
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