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Highland Park suburb profile

Highland Park is a picturesque suburb nestled in the Gold Coast hinterland, offering a serene lifestyle with stunning views of the surrounding landscapes. Located just a short drive from the bustling Gold Coast beaches and attractions, it provides residents with the perfect balance of tranquility and convenience. The suburb is known for its spacious homes, family-friendly atmosphere, and access to quality schools and parks. With its close proximity to major shopping centers and easy access to the Pacific Motorway, Highland Park is an attractive choice for families and professionals seeking a peaceful yet connected community.

Highland Park property market performance

Property growth+24.1%Past 12 months

Highland Park's property market has experienced significant growth in house values over the past 12 months, with a remarkable increase of 23.1%. The current median house price stands at $1.19 million. However, the unit market remains stagnant, with no change in median value and limited sales activity, reflecting a lack of demand or availability in this segment.

In terms of sales activity, 26 houses were sold in the past 12 months, with houses moving quickly off the market, averaging just 18 days. The unit market, however, shows negligible activity, indicating a potential focus on house transactions in the area.

The rental market for houses in Highland Park has remained stable over the last 12 months, with an average rent of $895 and no significant change in rental prices. The unit rental market shows no activity, aligning with the overall trend of limited unit transactions in the suburb.

HousesUnits
Median price
Past 3 months
$1.23MN/A
Change in value
Past 12 months
21.6%N/A
Sold
Past 3 months
232
Median days on market
Past 12 months
18N/A
Average rent
Past 12 months
$895N/A
Change in rent
Past 12 months
-0.6%N/A

5 year median price trend for houses and units

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Highland Park demographics

Highland Park, nestled in the Gold Coast hinterland, offers a serene suburban lifestyle with a touch of natural beauty. Known for its family-friendly environment, the suburb is home to a population of 6,576 residents, with a median age of 42, indicating a mature community that values stability and comfort. The area is particularly appealing to families, with 43.1% of households being couple families with children, and 40.1% being couple families without children, reflecting a balanced mix of family dynamics.

The housing market in Highland Park is predominantly owner-occupied, with 34.5% of properties owned outright and 47.6% owned with a mortgage. This high rate of home ownership underscores the suburb's appeal to those seeking long-term residence and investment in a stable community. Only 17.8% of properties are rented, which is relatively low compared to more urban areas, highlighting the suburb's appeal to those looking for a more permanent place to call home.

With a median total household income of $1,609 per week, Highland Park residents enjoy a comfortable standard of living. The suburb's proximity to the Gold Coast's amenities, combined with its peaceful setting, makes it an attractive option for those seeking a balance between work and leisure. The presence of one-parent families, making up 16.2% of the community, adds to the suburb's diverse family structure, contributing to a supportive and inclusive environment.

Highland Park infrastructure, key developments and investment opportunities

Highland Park currently has no major announced redevelopment or transport project directly reshaping the suburb, so the market is being driven more by its established residential appeal than by new infrastructure. It remains attractive to buyers seeking a quieter, low-traffic setting with access to parks, local shops and nearby schools, which supports steady family demand.

The suburb’s position close to the M1 and the broader Gold Coast employment and retail network remains a key advantage for commuters and upsizers. With no significant new local supply pipeline evident in the available information, this can help support values in well-presented homes, particularly for buyers prioritising lifestyle and convenience.

Highland Park rental market trends

The rental market in Highland Park has remained stable over the past year, with house rents holding steady at $895 per week. There has been no change in unit rents, indicating a consistent demand for housing in the area. Highland Park continues to offer a reliable rental market for both tenants and investors seeking stability in the Gold Coast region.

Suburbs near Highland Park

Some popular suburbs near Highland Park include:

How does Highland Park compare to nearby suburbs?

  • Median house prices: Highland Park’s median house price is 12.4% higher than Nerang’s.
  • House price growth: Over the past 12 months, house prices in Highland Park have grown 5.3% higher than in Worongary.
  • Unit price growth: Over the past 12 months, unit prices in Highland Park have grown 19.4% higher than in Nerang.
  • Selling speed for houses: Properties in Highland Park are selling 35.7% faster than in Worongary.

Common questions about Highland Park

  • Is Highland Park a nice place to live?

    Highland Park is a delightful suburb that offers a peaceful and family-friendly environment, making it a wonderful place to live. Nestled in the scenic Gold Coast hinterland, it provides residents with a charming blend of tranquility and accessibility. The suburb is known for its spacious homes and lush surroundings, which create a serene atmosphere perfect for families looking to settle down. With quality schools and parks nearby, it caters well to the needs of growing families, ensuring a supportive and nurturing community.

    The vibe in Highland Park is relaxed and welcoming, with a strong sense of community that makes it easy for newcomers to feel at home. While it may not have the bustling nightlife of more urban areas, it compensates with its proximity to major shopping centers and the vibrant Gold Coast beaches, just a short drive away. This makes it an ideal location for those who appreciate a quieter lifestyle without sacrificing access to amenities and entertainment options.

    Safety is generally not a concern in Highland Park, as it maintains a low-traffic, suburban feel that appeals to those seeking a secure environment for their families. However, the trade-off for this peaceful lifestyle is that it might not suit those looking for the excitement and convenience of city living. Additionally, while the suburb is well-connected to the Pacific Motorway, commuting to the city center can take some time, which is something to consider for daily commuters.

    Overall, Highland Park offers a charming and serene setting for families and professionals who value a balanced lifestyle. Its combination of natural beauty, community spirit, and proximity to essential amenities makes it a highly attractive place to call home.

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  • Is it expensive to live in Highland Park?

    Highland Park, located on the Gold Coast, offers a blend of suburban tranquility and proximity to the vibrant city life. However, living in this suburb does come with a hefty price tag. The current median house price is around $1,194,000, which is quite significant compared to other areas. With no available data on unit prices, it seems that houses are the primary option for homebuyers in this area.

    When it comes to renting, the average rent for houses is approximately $895 per week. This figure is on the higher side, especially when you consider the average annual wage in Highland Park is about $73,000. This wage is slightly above the average wage in Queensland, which hovers around $68,000 per year. Despite the higher average wage in Highland Park, the substantial cost of housing means that a significant portion of income would be dedicated to housing expenses.

    Overall, if you are thinking of living in Highland Park, it's important to weigh the financial implications. The suburb offers a desirable lifestyle with its peaceful environment and access to amenities, but the high cost of living, particularly in terms of housing, could be a challenge for those on average incomes. It's essential to carefully consider your budget and financial situation before making the move to this appealing yet costly 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 Highland Park a good place to invest?

    Highland Park is showing promising signs as a potential investment suburb, particularly for those interested in houses. Over the last 12 months, the median house value has surged by an impressive 23.1%, indicating strong demand and a healthy market for houses. This growth suggests that the suburb is becoming increasingly desirable, possibly due to its appealing lifestyle, amenities, or proximity to key areas.

    However, it's important to note that the median unit value and rental prices for both houses and units have remained stagnant over the past year. This could imply that while the suburb is experiencing a boom in house prices, the rental market and unit sector might not be seeing the same level of demand or growth. For investors, this means that while there is significant potential for capital gains in houses, the rental yield might not be as attractive at the moment.

    Overall, Highland Park presents a compelling opportunity for those looking to invest in houses, with the potential for substantial capital appreciation. However, investors should be mindful of the current rental market dynamics and consider their investment strategy accordingly. As always, it's crucial to keep an eye on market trends and local developments that could impact future growth and demand in the area.

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Choose the right real estate agents in Highland Park

Currently, there are 40 real estate agents working in Highland Park—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 40 agents sold 43.4% of all properties in Highland Park over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Highland Park typically charge a commission of 2% to 2.94%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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