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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:

Common questions about Coombabah

  • Is Coombabah a nice place to live?

    Coombabah is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to live. Nestled on the northern Gold Coast, it is renowned for its lush natural surroundings and tranquil atmosphere. The suburb provides a perfect blend of suburban living with easy access to urban amenities. Families will appreciate the proximity to quality schools and major shopping centers, ensuring convenience for daily needs. The presence of the Coombabah Lake Conservation Park adds to the suburb's charm, offering residents beautiful walking trails and opportunities to enjoy the local wildlife.

    Living in Coombabah means embracing a peaceful lifestyle with a strong sense of community. The suburb's vibe is relaxed and welcoming, making it an attractive choice for families and retirees alike. While it may not have the bustling nightlife of more urban areas, it compensates with its natural beauty and outdoor recreational options. Safety is generally not a concern, contributing to its appeal as a family-oriented suburb. However, residents should be mindful of ongoing developments and road upgrades that may affect traffic and connectivity in the short term.

    For families, Coombabah offers a supportive and inclusive environment, with a diverse community that caters to various lifestyles. The suburb's proximity to the expanding Gold Coast Airport and commercial developments in nearby areas enhances its appeal for those seeking a balance between a quiet residential setting and access to broader opportunities. While the suburb is not experiencing major new housing developments, its established nature and ongoing improvements ensure it remains a desirable place to call home. Overall, Coombabah is a charming suburb that offers a peaceful and fulfilling lifestyle, ideal for those who value natural beauty and a close-knit community.

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  • Is it expensive to live in Coombabah?

    Living in Coombabah can be a bit pricey, especially when you consider the local property market in relation to the average income. The median house price in Coombabah is around $800,000, while units are not far behind at $675,000. If you're thinking about renting, the average rent for houses is about $720 per week, and for units, it's approximately $730 per week. These figures suggest that housing costs in Coombabah are significant, especially when compared to the average annual wage of $57,000.

    When you look at the average wage in Coombabah, which is around $57,000 annually, it becomes clear that a large portion of income would need to be allocated towards housing costs. This can make living in Coombabah challenging for those earning the average wage, as the cost of housing alone could consume a substantial part of their income. In comparison to other areas in Queensland, where the average wage might be similar, the housing costs in Coombabah are on the higher side, indicating a more expensive living situation.

    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 Coombabah a good place to invest?

    Coombabah is showing promising signs as a good place to invest, with significant growth in property values over the past year. The suburb has experienced a remarkable 17.9% increase in median house values and a 12.1% rise in unit values. This upward trend indicates strong demand and a healthy real estate market, making it an attractive option for those looking to invest in property.

    In addition to property value growth, Coombabah also offers potential for rental income. Rents for houses have increased by 2.9%, while units have seen a 4.7% rise. This suggests a steady demand for rental properties, which can provide a reliable income stream for investors. The combination of rising property values and rental income potential makes Coombabah a suburb worth considering for investment.

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