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Clear Island Waters suburb profile

Clear Island Waters is a prestigious suburb on the Gold Coast, known for its luxurious waterfront properties and serene lifestyle. Situated centrally, it offers residents easy access to the vibrant beaches, shopping precincts, and entertainment hubs of the Gold Coast. The suburb is characterized by its expansive canals and lakes, providing picturesque views and opportunities for water-based activities. With well-maintained parks, golf courses, and top-rated schools nearby, Clear Island Waters is a sought-after location for families and retirees seeking a blend of tranquility and convenience. Its exclusivity and natural beauty make it a standout destination for discerning homeowners.

Clear Island Waters property market performance

Current median dwelling price$1,830,000Past 3 months

Property growth+9.5%Past 12 months

Clear Island Waters has experienced a significant surge in its property market over the past 12 months, with house values soaring by 28.8%. The current median house price stands at $2.45 million, indicating strong demand in the area. In contrast, the unit market has remained stagnant, with no change in median value over the same period.

Sales activity has been moderate, with 17 houses and 9 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 35 days on the market, while units take slightly longer at 40 days, suggesting a more balanced demand between the two property types.

The rental market in Clear Island Waters has shown robust growth, particularly for units, which have seen a 16.1% increase in rent over the last 12 months. House rents have also risen by 10.2%, reflecting a strong rental demand across the suburb.

HousesUnits
Median price
Past 3 months
$2.45MN/A
Change in value
Past 12 months
28.8%-9.8%
Sold
Past 3 months
179
Median days on market
Past 12 months
3540
Average rent
Past 12 months
$1350$665
Change in rent
Past 12 months
10.2%16.1%

5 year median price trend for houses and units

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Clear Island Waters demographics

Clear Island Waters, located in the heart of the Gold Coast, is a serene suburb known for its picturesque waterways and tranquil lifestyle. With a population of 4,395, it offers a peaceful retreat from the bustling city life while still being conveniently close to major amenities and attractions. The median age of 50 indicates a mature community, often attracting retirees and established families who appreciate the suburb's calm environment and scenic views.

The suburb's housing landscape is characterized by a high rate of home ownership, with 47.4% of properties owned outright and 31.3% owned with a mortgage. This reflects a stable and settled community, with many residents having invested in their homes for the long term. Rental properties make up 21.3% of the housing market, appealing to those seeking a temporary stay in this idyllic location.

Family life in Clear Island Waters is well-represented, with couple families with children accounting for 42.3% of the population and couple families without children making up 43.5%. The presence of one-parent families at 12.7% adds to the suburb's diverse family dynamics. The median total household income of $1,617 per week suggests a comfortable standard of living, supported by the suburb's proximity to shopping centers, schools, and recreational facilities. Clear Island Waters offers a harmonious blend of natural beauty and suburban convenience, making it a desirable place to call home.

Clear Island Waters infrastructure, key developments and investment opportunities

Clear Island Waters benefits from proximity to major retail and employment hubs, with Pacific Fair, Robina Town Centre and the Q Super Centre all within a short drive, supporting buyer demand from professionals and families seeking convenience and lifestyle.[2] The suburb is built around artificial canals and lakes, offering waterfront living in a low-density, residential environment, which underpins its prestige positioning and higher price points relative to many nearby areas.[6][7]

Residents have access to a range of nearby schools and education facilities in adjacent suburbs, which, combined with easy access to Broadbeach’s restaurants, entertainment and beaches, enhances the area’s appeal for long-term owner-occupiers.[2] There are currently no widely reported major new infrastructure projects or planning changes specific to Clear Island Waters itself, so short- to medium-term property market performance is likely to be driven more by its established amenities, waterfront character and broader Gold Coast market conditions than by suburb-specific redevelopment activity at this time.

Clear Island Waters rental market trends

The rental market in Clear Island Waters is experiencing robust growth, with house rents increasing by 10.2% over the past year to $1,350 per week, while unit rents have surged 16.1% to $665 per week. This suburb's appeal is bolstered by its scenic waterways and proximity to key amenities, making it an attractive option for both renters and investors seeking strong returns.

Suburbs near Clear Island Waters

Some popular suburbs near Clear Island Waters include:

How does Clear Island Waters compare to nearby suburbs?

  • Median house prices: Clear Island Waters’s median house price is 135.4% higher than Merrimac’s.
  • Median unit prices: Clear Island Waters’s median unit price is 189.0% higher than Merrimac’s.
  • House price growth: Over the past 12 months, house prices in Clear Island Waters have grown 22.2% higher than in Merrimac.
  • Unit price growth: Property prices in nearby Merrimac have risen 19.4% more than in Clear Island Waters over the past year.
  • Selling speed for houses: Properties in Clear Island Waters are selling 31.4% faster than in Broadbeach Waters.
  • Selling speed for units: Properties in nearby Merrimac are selling 65.0% faster than in Clear Island Waters.

Common questions about Clear Island Waters

  • Is Clear Island Waters a nice place to live?

    Clear Island Waters is a delightful suburb that offers a serene and luxurious lifestyle, making it a wonderful place to live. Known for its picturesque waterways and tranquil atmosphere, this suburb provides a peaceful retreat while still being conveniently close to the vibrant amenities of the Gold Coast. The charming canals and lakes not only offer stunning views but also provide opportunities for water-based activities, adding to the suburb's unique appeal.

    The suburb's family-friendly environment is enhanced by its proximity to top-rated schools and well-maintained parks, making it an ideal choice for families seeking a safe and nurturing community. The presence of golf courses and nearby shopping centers ensures that residents have access to a variety of recreational and retail options. Safety is generally not a major concern, contributing to the overall sense of security and comfort that the suburb offers.

    While Clear Island Waters boasts a prestigious and tranquil lifestyle, it does come with a few trade-offs. The exclusivity and natural beauty of the area mean that property prices are higher compared to some nearby suburbs. Additionally, while the suburb itself is peaceful, those seeking a bustling nightlife or a more urban vibe might find it lacking in that regard. However, the convenience of being close to major retail and entertainment hubs compensates for this, offering a balanced lifestyle for its residents.

    Ultimately, Clear Island Waters is a charming suburb that provides a harmonious blend of natural beauty and suburban convenience. It is particularly appealing to families and retirees who appreciate a calm environment with easy access to amenities. Whether you're drawn to its scenic views, family-friendly atmosphere, or the prestige of waterfront living, Clear Island Waters is a lovely place to call home.

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  • Is it expensive to live in Clear Island Waters?

    Living in Clear Island Waters can be quite expensive, especially when it comes to housing. The current median house price is a hefty $2,450,000. If you're considering renting, the average rent for houses is around $1,350 per week, while for units, it's about $665 per week. These figures indicate a significant financial commitment for those looking to settle in this picturesque Gold Coast suburb.

    When comparing the median total household income in Clear Island Waters, which stands at $1,617 per week, to the Queensland average wage of approximately $98,000 per year, it's clear that a substantial portion of income would be directed towards housing costs. This makes living in Clear Island Waters a considerable financial undertaking for those earning an average salary in the area.

    While Clear Island Waters offers a serene lifestyle with its beautiful waterways and proximity to the Gold Coast's attractions, it's essential to weigh the high cost of living, particularly in terms of property prices and rent, against your financial capacity. If you're thinking of living in Clear Island Waters, it's crucial to ensure your budget aligns with the expenses associated with this desirable suburb.

    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 Clear Island Waters a good place to invest?

    Clear Island Waters is showing promising signs as a solid investment suburb, particularly for those interested in the housing market. Over the last year, the median house value has surged by an impressive 28.8%, indicating strong demand and potential for capital growth. This significant increase suggests that the suburb is becoming increasingly desirable, likely due to its appealing lifestyle and proximity to key amenities.

    While the median unit value has remained stable with no change over the past 12 months, the rental market for units has seen a notable increase, with rents rising by 16.1%. This suggests a growing demand for rental properties, making it an attractive option for investors seeking rental income. The rental market for houses has also experienced a healthy growth of 10.2%, further highlighting the suburb's appeal to renters.

    Overall, Clear Island Waters presents a compelling opportunity for investors, especially in the housing sector. The strong capital growth in house prices, coupled with rising rental yields, makes it an attractive choice for those looking to invest in a suburb with both immediate and long-term potential. While units have not seen the same level of capital appreciation, the increasing rental demand suggests they could still offer good returns for investors focusing on rental income.

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Choose the right real estate agents in Clear Island Waters

There are 46 real estate agents in Clear Island Waters, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 41.2% of all sales in the past year.

Commission rates in Clear Island Waters typically range from 2% to 2.94%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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