Spanning across approximately 14.6 square kilometres, Southport, Queensland has experienced a notable evolution over the past five years. This vibrant locale boasts an impressive 37 parks, covering nearly 18.2% of its total area, offering residents ample green spaces to explore and unwind. The population surge from 28,314 in 2011 to 31,879 by 2016 signifies a solid 12.6% growth. The predominant age group of 20-29 years contributes to the suburb’s dynamic and diverse demographic.
From Shifting Tides from Past Challenges to Present Opportunities
Southport stands at the cusp of a transformative journey, where challenges are being met with progress and promise. Despite some persisting perceptions, the suburb has undergone a remarkable shift, signalling a brighter tomorrow. In the past year alone, the median sale price for properties in Southport has surged by 14.58%, showcasing a significant rise particularly in unit prices, far surpassing the national average of 2.10%. This surge speaks volumes about the burgeoning demand and growing confidence in the area’s real estate market.
While acknowledging the existing issues, Southport’s evolution is evident. The CBD’s revitalization efforts, although ongoing, are making strides. The area’s magnetic allure, fuelled by increased immigration and a wave of sea changers seeking a fresh start, has become a driving force behind its revitalisation. The suburb’s metamorphosis from a perceived ‘diamond in the rough’ to a sought-after destination is underway. Southport’s narrative is one of change, where challenges are being met with resilience, and an optimistic glow of transformation shines through.
Why We Love It:
Positioned at the nexus of the Nerang River and the Gold Coast Broadwater, Southport offers unparalleled centrality. Its strategic location beside the Gold Coast Broadwater is a short drive from other key coastal attractions like the Spit, Main Beach, and is within an easy 10-minute commute to Surfers Paradise – making it an affordable and practical base for families and younger couples without compromising on quality living. Away from the bustling Gold Coast highway and Ferry Road commercial areas, many picturesque streets offer tranquility and easy access to parks and bushwalking trails, ideal for families seeking a serene haven.
Development:
Southport’s landscape is undergoing a compelling transformation, indicative of its growing appeal. The CBD, including the renowned shopping centre Australia Fair, is undergoing an impressive revitalisation, breathing new life into the area. Amidst this surge in activity, home renovations, modern townhouses, and high-rise constructions amplify Southport’s vibrancy and attractiveness.
The suburb’s resurgence, marked by escalating property values and strategic development, showcases a destination in transition – a harmonious blend of evolving urbanity and enduring serenity. Southport’s balance between accessibility, affordability, and evolving infrastructure continues to draw individuals and families seeking a dynamic yet peaceful lifestyle.
Suburb Insights for Units in the Last 12 Months
14.58% Median Sale Price Change (1yr) (National Average 2.10%): Southport’s soaring property surge at 14.58% in the past year far outshines the national average of 2.10%, marking a bright beacon of growth and opportunity in the real estate landscape.
Suburb Insights for Houses in the Last 12 Months
Southport’s real estate market showcases distinctive trends, painting a nuanced picture of the suburb’s housing landscape over the past year:
1.35% Median Sale Price Change (1yr) (National Average 4.30%): In contrast to the national average of 4.30%, Southport experienced a modest 1.35% increase in median sale prices. This stable growth suggests a relatively steady market in comparison to the broader national trends.
-13.31% Median Sale Price Change (1yr) (National Average 4.30%): This negative change stands out as a significant deviation from the national average, indicating a localized adjustment or specific trends impacting the suburb’s housing market over the past year.
$700pw Median Rent: Southport boasts a robust median rental rate of $700pw, significantly surpassing the national average of $395pw. This elevated rent signifies a strong demand for rental properties within the area.
4.2% Median Gross Yield: The suburb’s median gross yield of 4.2% aligns closely with the national average of 4.24%, indicating a balanced investment prospect for property owners.
Properties Sold in Last 12 Months: With 274 properties changing hands in the past year, Southport maintains a healthy level of market activity, appealing to both buyers and sellers.
Average Days on Market: Properties spent an average of 49 days on the market, showcasing a relatively swift turnover and sustained interest in the suburb’s real estate offerings.
These statistics offer insight into Southport’s housing market dynamics. While experiencing a moderate increase in median sale prices, the area’s rental market remains robust, attracting investors and indicating continued interest in rental properties. The suburb’s relatively quick property turnover reflects ongoing demand and a stable market.
Data within this article has been sourced from Core Logic. Published 6 Jan, 2024
Comments are closed.