Prime 10 costliest suburbs on the Gold Coast

Surfers Paradise is the most costly suburb on the Gold Coast.

Mermaid Seaside has misplaced its crown as the most costly suburb on the Gold Coast following a string of mega gross sales in Surfers Paradise.

The Glitter Strip’s unofficial capital recorded a median home worth of $2.73m based on PropTrack knowledge, knocking Mermaid Seaside’s $2.6325m median for the highest spot.

Mermaid Seaside values have been down 16.4 per cent over 12 months after they jumped virtually 60 per cent over three years.

59 The Corso, Isle of Capri.

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Surfers Paradise alternatively, recorded a slight dip of 1.9 per cent cent over 12 months. It was up 47 per cent over three years.

The suburb has skilled renewed curiosity this 12 months with a number of trophy houses buying and selling for greater than $10m every.

The best sale was a resort-style mansion at 59 The Corso which bought for a Queensland public sale document of $24 million.

One other property at 91 Commodore Drive lately settled for $19.3m whereas 125 Commodore Drive bought for $10.8m.

16 Southern Cross Drive, Surfers Paradise.

On Close by Cronin Island, 16 Southern Cross Drive lately traded for $10.118m.

Amir Mian, of Amir Status Group, stated Mermaid Seaside’s large worth bounce over the previous 12 months had contributed to its latest drop in values.

“Mermaid Seaside received very costly so there was all the time going to be an adjustment,” he stated.

“Though the beachfront continues to be holding up and demanding large cash.”

91 Commodore Drive, Surfers Paradis. Image: David Clark

Mr Mian stated the posh housing precincts in Surfers Paradise — Isle of Capri, Paradise Waters and Cronin Island — have been three of essentially the most desired pockets of housing in Queensland.

“Surfers Paradise can also be lots larger in dimension in comparison with Mermaid Seaside which is a restricted pocket,” he stated.

“Paired with the life-style this suburb affords, it’s no shock patrons are ready to pay large figures to reside there.

“All you want is a giant sale and the median will go up in both suburb.”

125 Commodore Dr, Surfers Paradise.

Kollosche promoting principal Michael Kollosche stated the mid to high finish of the market was the strongest his company had seen with inventory ranges significantly depleted.

“Blue chip properties are in excessive demand and we’re seeing sturdy curiosity from native and interstate patrons seeking to relocate or safe a second house, and from expats who’re desirous to return to Australia completely,” Mr Kollosche stated.

“Status patrons are persevering with to see the unimaginable worth not solely in Gold Coast actual property however the way of life these houses supply.”

PropTrack knowledge revealed Clear Island Waters was the third costliest suburb on the Gold Coast with a median home worth of $2.015m, up 3.3 per cent over the past 12 months.

91 Commodore Dve, Paradise Waters

This month a waterfront mansion constructed for a distinguished developer’s daughter has bought underneath the hammer for $5 million, setting a brand new benchmark within the suburb.

The six-bedroom, six-bathroom trophy house on 1,722 sqm at 42-44 Clear Water Bay Ave, Clear Island Waters smashed the document for the highest residential sale within the blue chip suburb by $250,000.

Broadbeach Waters and Tallebudgera Valley rounded out the highest 5 costliest suburbs on the Coast.

Each suburbs recorded home medians of $2m.

SUBURB, MEDIAN PRICE

Surfers Paradise, $2.730m

Mermaid Seaside, $2.6325m

Clear Island Waters, $2.015m

Broadbeach Waters, $2m

Tallebudgera Valley, $2m

Bundall, $17875m

Mermaid Waters, $1.695m

Paradise Level, $1.65m

Guanaba, $1.555m