Arundel suburb profile
Arundel is a well-established suburb on the Gold Coast, Queensland, known for its family-friendly environment and convenient location. Situated just a short drive from the bustling Surfers Paradise and Southport, Arundel offers a peaceful suburban lifestyle with easy access to urban amenities. The suburb is home to several parks, golf courses, and the popular Arundel Plaza, providing residents with ample recreational and shopping options. With its mix of modern homes and established properties, Arundel attracts families, retirees, and professionals seeking a balanced lifestyle. Its proximity to Griffith University and the Gold Coast University Hospital adds to its appeal for students and healthcare professionals.
Arundel property market performance
Arundel's property market has experienced robust growth over the past 12 months, with house values increasing by 17.3% and unit values surging by 20.7%. The median house price over the past three months has averaged $1.09 million, while units have averaged $745,000, indicating strong demand across both property types.
Sales activity has been active, with 38 houses and 17 units sold in the past three months. Properties are moving quickly, with a median time on market of just 20 days for houses and 19 days for units, reflecting a competitive market environment.
The rental market in Arundel has also seen moderate growth, with average rents for houses increasing by 3.8% and units by 3.3% over the last 12 months, suggesting steady demand for rental properties in the area.
Median price - houses$1.23MPast 3 months
Median price - units$744KPast 3 months
Change in value - houses15.6%12 months
Change in value - units22.2%12 months
Houses sold40Past 3 months
Units sold14Past 3 months
Median DOM - houses20.5Past 12 months
Median DOM - units20Past 12 months
Average rent - houses$840Past 12 months
Average rent - units$710Past 12 months
Change in rent - houses5.7%Past 12 months
Change in rent - units4.4%Past 12 months
Arundel demographics
Arundel, located on the Gold Coast in Queensland, is a suburb that offers a blend of suburban tranquility and convenient access to urban amenities. With a population of 11,171, Arundel is characterized by a mature demographic, as reflected by its median age of 41. This suggests a community that includes a mix of established families and older residents who appreciate the suburb's peaceful environment and proximity to the coast.
The suburb's family-oriented nature is evident, with 42.3% of households being couple families with children and 39.5% being couple families without children. This balance indicates that Arundel is appealing to both growing families and those whose children have moved out, offering a supportive community atmosphere. Additionally, 17% of households are one-parent families, highlighting the suburb's inclusivity and support for diverse family structures.
In terms of property ownership, Arundel presents a stable housing market with a significant portion of residents owning their homes outright (34.2%) or with a mortgage (37.4%). This stability is complemented by a rental market that accounts for 28.4% of properties, providing options for those seeking flexibility. The median total household income of $1,682 per week suggests a comfortable standard of living, making Arundel an attractive option for those seeking a balanced lifestyle on the Gold Coast.
Arundel infrastructure, key developments and investment opportunities
Arundel is experiencing several developments that may impact its property market. The expansion of the Gold Coast Light Rail to nearby Helensvale is enhancing connectivity, potentially increasing property desirability along key routes. Additionally, the ongoing growth of the Gold Coast Health and Knowledge Precinct, including Griffith University and the Gold Coast University Hospital, continues to attract professionals and students to the area, sustaining demand for housing.
The suburb benefits from its proximity to major retail centers like Westfield Helensvale and Harbour Town Shopping Centre, enhancing its appeal to residents. Recent upgrades to local schools, including Arundel State School, have improved educational facilities. While no major new infrastructure projects are currently underway within Arundel itself, these surrounding developments are likely to maintain or potentially increase property values in the area, particularly for family homes and properties catering to students and healthcare workers.
Arundel rental market trends
The rental market in Arundel has experienced modest growth, with house rents increasing by 3.8% over the past year to $830 per week, while unit rents have risen by 3.3% to $700 per week. This steady growth reflects a stable demand in the area, making Arundel an attractive option for both renters and investors seeking consistent returns in a well-established suburb.
Suburbs near Arundel
Some popular suburbs near Arundel include: