Question 1

Is Currumbin a nice place to live?

Accepted Answer

Currumbin sits around a broad sweep of sand with the well known surf break at Currumbin Alley and the tidal Currumbin Creek, where paddleboarding and rock fishing are common. The suburb is anchored by the Currumbin Wildlife Sanctuary and backed by the green slopes of Currumbin Valley, so residents have easy access to both beach and bush. Housing ranges from weatherboard beach cottages and low-rise waterfront apartments to family homes on tree-lined streets, while a compact village strip of cafes, surf shops and local services along the Gold Coast Highway supports a relaxed seaside lifestyle.

About 3,278 people live in Currumbin; the median age is 42 and the typical household income is $1,830 a week. Currumbin is a suburb of families, with couple households (with or without children) dominant, and about 69% of homes are owner-occupied. Several public projects are under way or planned, including a new Currumbin Wildlife Institute, upgrades along Currumbin Creek, Winders Park foreshore works and active-transport planning for a bridge and cycleway; a proposed light rail extension that would have served the area has been stopped. Whether Currumbin suits you will come down to how much you value beach-and-bush access and a compact village centre.

Question 2

Is it expensive to live in Currumbin?

Accepted Answer

On the figures, housing in Currumbin sits well above what a typical local household earned at the last Census. House rent of $1,150 a week would take about 62.9% of a typical local household's weekly income at the last Census, and unit rent of $900 a week would take about 49.2%. If you are renting, those rent shares are the most relevant numbers to consider.

For buyers, prices are many times local incomes at the last Census: the median house price of $2,250,000 is about 23.6 times a typical local household's annual income as recorded at the most recent Census, and the median unit price of $1,021,000 is about 10.7 times that annual income. If you are looking to buy, those multiples show how prices sit against local annual household income at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Currumbin a good place to invest?

Accepted Answer

The clearest movement in Currumbin over the past year is strong capital growth: unit values jumped 19.7% and house values rose 16.9%, so unit prices have outpaced houses. On the income side, unit rents increased 5.9% over the year, a solid rise for rental income from units.

For someone weighing Currumbin as an investment, the value figures speak to capital growth while the rent figure is the number that matters for rental income. Which of those matters most to you will depend on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$2.25M	$1.02M
Change in value Past 12 months	16.9%	19.7%
Sold Past 3 months	11	12
Median days on market Past 12 months	47	49
Average rent Past 12 months	$1150	$900
Change in rent Past 12 months	N/A	5.9%

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