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
Current median dwelling price$772,500Past 3 months
Property growth+13.6%Past 12 months
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 14.2%. The median house price has reached $850,000, while units have averaged $707,500, indicating strong demand across both property types.
Sales activity has been robust, with 37 houses and 21 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 13 days, reflecting high buyer interest and competition.
In the rental market, Coombabah has seen a moderate increase in house rents by 0.7%, while unit rents have surged by 8.7% over the last 12 months, suggesting a stronger demand for rental units in the area.
Houses | Units | |
---|---|---|
Median price Past 3 months | $780K | $765K |
Change in value Past 12 months | 15.2% | 12.0% |
Sold Past 3 months | 61 | 29 |
Median days on market Past 12 months | 39 | 41 |
Average rent Past 12 months | $720 | $720 |
Change in rent Past 12 months | 2.9% | N/A |
5 year median price trend for houses and units
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 shows moderate growth, with house rents experiencing a slight increase of 0.7% over the past year to $725 per week. In contrast, unit rents have seen a more significant rise of 8.7%, reaching $750 per week. This suggests a strong demand for units, making Coombabah an attractive option for renters seeking value in a competitive market.
Suburbs near Coombabah
Some popular suburbs near Coombabah include:
How does Coombabah compare to nearby suburbs?
- Median house prices: Coombabah’s median house price is 36.1% lower than Biggera Waters’s.
- Median unit prices: Coombabah’s median unit price is 6.3% higher than Biggera Waters’s.
- House price growth: Over the past 12 months, house prices in Coombabah have grown 18.5% higher than in Hope Island.
- Unit price growth: Over the past 12 months, unit prices in Coombabah have grown 3.6% higher than in Biggera Waters.
- Selling speed for houses: Properties in Coombabah are selling 49.4% faster than in Biggera Waters.
- Selling speed for units: Properties in Coombabah are selling 24.1% faster than in Biggera Waters.