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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:

Common questions about Arundel

  • Is Arundel a nice place to live?

    Arundel is a charming suburb that offers a delightful blend of suburban tranquility and convenient access to urban amenities, making it a wonderful place to call home. Known for its family-friendly atmosphere, Arundel provides a peaceful environment that is perfect for families seeking a balanced lifestyle. The suburb is adorned with several parks and golf courses, offering plenty of opportunities for outdoor activities and relaxation. Its proximity to bustling areas like Surfers Paradise and Southport ensures that residents can enjoy the best of both worlds—serenity at home and excitement just a short drive away.

    For families, Arundel is particularly appealing due to its supportive community atmosphere and access to quality educational facilities. The suburb's location near Griffith University and the Gold Coast University Hospital also makes it an attractive option for students and healthcare professionals. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and welcoming place to live. While Arundel may not boast the nightlife of more central locations, its proximity to major retail centers like Westfield Helensvale and Harbour Town Shopping Centre ensures that shopping and dining options are always within reach.

    Living in Arundel does come with some trade-offs. While the suburb offers a peaceful lifestyle, those seeking a more vibrant nightlife or cultural scene might find themselves traveling to nearby areas for entertainment. Additionally, while the suburb itself is well-established, ongoing developments in surrounding areas could lead to increased traffic and demand for housing. However, for those who value a serene environment with easy access to urban conveniences, Arundel is a fantastic choice. Its combination of community spirit, green spaces, and proximity to essential amenities makes it a highly desirable place to live for families and professionals alike.

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  • Is it expensive to live in Arundel?

    Living in Arundel can be considered on the expensive side, especially when you take into account the property market and the average earnings in the area. The current median house price in Arundel is $1,094,000, while units are priced at around $745,000. These prices are quite high, reflecting the suburb's appeal and the demand for property in the area.

    When it comes to renting, the average rent for houses is $830 per week, and for units, it's $700 per week. These rental prices can take a significant chunk out of the average annual salary in Arundel, which is about $78,000. When you compare this to the median total household income of $1,682 per week, it becomes clear that a substantial portion of income would need to be allocated to housing costs.

    In comparison to other areas in Queensland, the cost of living in Arundel is relatively high, particularly due to the housing market. If you're thinking of living in Arundel, it's important to consider these financial aspects and assess whether the lifestyle and amenities offered by the suburb align with your budgetary constraints.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Arundel a good place to invest?

    Arundel is showing promising signs as a solid investment suburb, with impressive growth in both house and unit values over the past year. The median house value has increased by 17.3%, while units have seen an even more significant rise of 20.7%. This upward trend suggests strong demand and a healthy real estate market, making it an attractive option for investors looking for capital growth.

    While rental growth has been more modest, with a 3.8% increase for houses and 3.3% for units, the steady rise indicates a stable rental market. This stability is appealing for investors seeking reliable rental income alongside property appreciation. Arundel's location, with its proximity to key amenities and transport links, further enhances its appeal, attracting both renters and buyers.

    Overall, Arundel offers a compelling mix of strong capital growth potential and steady rental returns. Its recent performance in the property market makes it a suburb worth considering for those looking to invest in a growing area with a balanced investment profile.

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