Coombabah suburb profile
Coombabah is a serene suburb located on the northern Gold Coast, known for its lush natural surroundings and family-friendly atmosphere. It is bordered by the Coombabah Lake Conservation Park, offering residents access to beautiful walking trails and abundant wildlife. The suburb features a mix of residential options, from modern homes to established properties, catering to diverse lifestyles. Coombabah is conveniently situated near major shopping centers, schools, and public transport, making it an attractive choice for families and retirees. Its peaceful environment and proximity to both urban amenities and natural attractions make Coombabah a desirable place to call home.
Coombabah property market performance
Coombabah's property market has experienced significant growth over the past 12 months, with house values increasing by 17.9% and unit values rising by 12.1%. The median house price over the past three months has averaged $800,000, while units have averaged $675,000, indicating strong demand in the area.
Sales activity has been robust, with 37 houses and 36 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of 19 days on the market and units just 15 days, reflecting high buyer interest.
The rental market in Coombabah has also seen positive changes, with average rents for houses increasing by 2.9% and units by 4.7% over the last 12 months. The average rent for houses is $720, while units command a slightly higher average of $730.
Median price - houses$800KPast 3 months
Median price - units$675KPast 3 months
Change in value - houses17.3%12 months
Change in value - units12.4%12 months
Houses sold32Past 3 months
Units sold29Past 3 months
Median DOM - houses17Past 12 months
Median DOM - units13Past 12 months
Average rent - houses$720Past 12 months
Average rent - units$755Past 12 months
Change in rent - houses2.1%Past 12 months
Change in rent - units9.4%Past 12 months
Coombabah demographics
Coombabah, located on the Gold Coast in Queensland, is a suburb known for its tranquil environment and proximity to natural reserves. With a median age of 51, it is a popular choice for retirees and those seeking a quieter lifestyle away from the hustle and bustle of city life. The suburb's serene atmosphere is complemented by its access to the Coombabah Lakelands Conservation Area, offering residents ample opportunities for outdoor activities such as walking, bird watching, and enjoying the local wildlife.
The housing landscape in Coombabah is characterized by a high rate of outright home ownership, with 43% of properties owned outright. This reflects the stability and long-term residency of many of its inhabitants. Additionally, 28.1% of homes are owned with a mortgage, while 28.9% are rented, indicating a balanced mix of property ownership and rental opportunities. The suburb's appeal to families is evident, with 29.2% of households being couple families with children and 49.3% being couple families without children, highlighting its suitability for both growing families and those whose children have left home.
Coombabah's community is diverse, with a significant proportion of one-parent families (19.9%), which adds to the suburb's inclusive and supportive environment. The median total household income of $1092 per week suggests a modest yet comfortable living standard, aligning with the suburb's relaxed lifestyle. Overall, Coombabah offers a peaceful residential setting with a strong sense of community, making it an attractive option for those looking to enjoy the natural beauty and slower pace of life on the Gold Coast.
Coombabah infrastructure, key developments and investment opportunities
Coombabah is experiencing ongoing development that may impact its property market. The Coombabah Lakelands Conservation Area continues to be a major asset, with recent upgrades to walking trails and boardwalks enhancing recreational opportunities. Plans are underway for a new community center near Coombabah State School, aimed at providing more local facilities for residents. Additionally, proposed road upgrades along Oxley Drive are expected to improve connectivity to surrounding suburbs.
The suburb's proximity to the expanding Gold Coast Airport and ongoing commercial development in nearby Helensvale is likely to increase its appeal to investors and homebuyers. While no major new housing developments are currently planned within Coombabah itself, the steady population growth in the northern Gold Coast region is expected to maintain demand for properties in this established suburb with its mix of waterfront living and natural wetland surroundings.
Coombabah rental market trends
The rental market in Coombabah has experienced moderate growth, with house rents increasing by 2.9% over the past year to $720 per week, while unit rents have risen 4.7% to $730 per week. This steady growth reflects the suburb's appeal, offering a balanced lifestyle with proximity to natural attractions and essential amenities.
Suburbs near Coombabah
Some popular suburbs near Coombabah include: