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Elanora suburb profile

Elanora is a picturesque suburb located in the southern part of the Gold Coast, Queensland, known for its serene environment and family-friendly atmosphere. Nestled between the lush hinterland and beautiful beaches, Elanora offers residents a perfect blend of nature and convenience. The suburb is home to several parks, walking trails, and the scenic Pine Lake, providing ample recreational opportunities. With a range of schools, shopping centers, and easy access to public transport, Elanora is a popular choice for families and retirees seeking a peaceful yet connected lifestyle. Its natural beauty and community-focused amenities make it a desirable place to call home.

Elanora property market performance

Current median dwelling price$1,167,500Past 3 months

Property growth+12.4%Past 12 months

Elanora’s property market has experienced notable growth over the past 12 months. House values have increased by 7.1%, with the current median house price at $1.36 million. Although the median unit price is not available, unit values have surged by 28.6%, indicating a strong demand for units in the area.

Sales activity has been robust, with 52 houses and 5 units sold in the past 12 months. The market is moving quickly, with houses spending a median of 30 days on the market and units 31 days, reflecting a competitive environment for both property types.

The rental market in Elanora has also seen positive changes, with average rent for houses increasing by 7.6% to $990, and units by 8.0% to $810 over the last 12 months, highlighting a strong rental demand in the suburb.

HousesUnits
Median price
Past 3 months
$1.38MN/A
Change in value
Past 12 months
7.2%17.7%
Sold
Past 3 months
364
Median days on market
Past 12 months
3131
Average rent
Past 12 months
$998$820
Change in rent
Past 12 months
5.1%9.3%

5 year median price trend for houses and units

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Elanora demographics

Elanora, located in the picturesque Gold Coast region of Queensland, is a suburb that offers a serene lifestyle with a strong sense of community. With a population of 12,539 and a median age of 42, Elanora is home to a mature demographic that values the balance of family life and the natural beauty of the area. The suburb is characterized by its lush greenery and proximity to some of the Gold Coast's most stunning beaches, making it an attractive location for those seeking a peaceful yet connected lifestyle.

The suburb's housing market is predominantly owner-occupied, with 38.8% of properties owned outright and 43.9% owned with a mortgage. This high rate of home ownership reflects the stability and long-term commitment of its residents. Rental properties make up only 17.4% of the housing market, indicating a community that values home ownership and the associated lifestyle benefits.

Family life is central to Elanora, with 45.3% of households being couple families with children and 35.6% being couple families without children. The presence of quality schools, parks, and recreational facilities supports a family-friendly environment. Additionally, the suburb's median total household income of $1,744 per week suggests a comfortable standard of living for its residents. Overall, Elanora is a suburb that offers a harmonious blend of natural beauty, community spirit, and family-oriented living.

Elanora infrastructure, key developments and investment opportunities

Elanora is positioned to benefit from a proposed extension of the Gold Coast railway line, with a new train station planned near The Pines Shopping Centre, which could improve public transport connectivity and enhance commuter appeal in the coming years. Local schools such as Elanora State High and Elanora Primary serve the community, and recent upgrades to surrounding road infrastructure have improved traffic flow, further supporting residential growth.

The suburb is already well-serviced with established shopping centres, parklands, and proximity to Tallebudgera and Currumbin Creeks, increasing its desirability for families and outdoor enthusiasts. No major changes to council planning or large-scale redevelopment projects have been announced recently, but the railway proposal and improved amenities are expected to positively influence Elanora's property market outlook.

Elanora rental market trends

The rental market in Elanora has experienced steady growth, with house rents increasing by 7.6% over the past year to $990 per week, while unit rents have risen by 8.0% to $810 per week. This consistent demand highlights Elanora's appeal as a desirable location for both renters and investors seeking a stable market with promising returns.

Suburbs near Elanora

Some popular suburbs near Elanora include:

How does Elanora compare to nearby suburbs?

  • Median house prices: Elanora’s median house price is 21.1% higher than Tweed Heads West’s.
  • Median unit prices: Elanora’s median unit price is 7.9% higher than Currumbin Waters’s.
  • House price growth: Over the past 12 months, house prices in Elanora have grown 2.5% higher than in Currumbin Waters.
  • Unit price growth: Over the past 12 months, unit prices in Elanora have grown 5.4% higher than in Currumbin Waters.
  • Selling speed for houses: Properties in Elanora are selling 27.9% faster than in Currumbin Waters.
  • Selling speed for units: Properties in Elanora are selling 26.2% faster than in Currumbin Waters.

Common questions about Elanora

  • Is Elanora a nice place to live?

    Elanora is a delightful suburb that offers a peaceful and family-friendly lifestyle, making it a wonderful place to call home. Its serene environment is complemented by the lush greenery and proximity to some of the Gold Coast's most stunning beaches, providing residents with a perfect blend of nature and convenience. The suburb's strong sense of community is evident in its welcoming atmosphere, making it an ideal location for families and retirees alike. With several parks, walking trails, and the scenic Pine Lake, Elanora provides ample recreational opportunities for those who enjoy the outdoors.

    Families will find Elanora particularly appealing due to its range of quality schools and community-focused amenities. The suburb is well-serviced with shopping centers and has easy access to public transport, ensuring that residents have everything they need close by. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and comfortable place to live. While Elanora may not have the bustling nightlife of more urban areas, it offers a quieter lifestyle that many find refreshing.

    One trade-off of living in Elanora is that it may not suit those seeking a vibrant city life, as it leans more towards a tranquil and suburban vibe. However, the proposed extension of the Gold Coast railway line promises to enhance public transport connectivity, making commuting more convenient in the future. Overall, Elanora is a charming suburb that offers a harmonious blend of natural beauty, community spirit, and family-oriented living, making it a desirable place for those seeking a peaceful yet connected lifestyle.

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  • Is it expensive to live in Elanora?

    Living in Elanora can be quite costly, especially when considering the property market. With a median house price of $1,355,000, purchasing a home here is a significant financial commitment. Renting isn't much cheaper, with the average rent for houses around $990 per week and units at $810 per week. These figures suggest that housing costs in Elanora are on the higher side.

    When we look at the income side, the average wage in Elanora is $77,000 per year. This is slightly above the average wage in Queensland, which is around $68,000 annually. However, even with a higher-than-average income, the substantial property prices and rental costs in Elanora mean that a large portion of earnings would be devoted to housing.

    Overall, while Elanora offers a desirable lifestyle with its proximity to the Gold Coast's beaches and amenities, the cost of living, particularly in terms of housing, can be expensive. If you are thinking of living in Elanora, it's important to consider your financial situation and whether it aligns with the costs associated with this picturesque 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 Elanora a good place to invest?

    Elanora is showing promising signs as a good place to invest, especially if you're looking at the property market on the Gold Coast. Over the past year, the suburb has experienced a significant increase in property values, with median house values rising by 7.1% and unit values soaring by an impressive 28.6%. This indicates a strong demand for both houses and units, likely driven by the area's appeal and lifestyle offerings.

    In addition to capital growth, Elanora also presents attractive rental opportunities. Rental prices for houses have increased by 7.6%, while units have seen an 8.0% rise in rent over the last 12 months. This suggests a robust rental market, making it appealing for investors seeking steady rental income. The combination of rising property values and rental yields makes Elanora a compelling option for those looking to invest in a suburb with both growth potential and rental demand.

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Choose the right real estate agents in Elanora

In Elanora, 88 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 35.1% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 2.94%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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