Question 1

Is Hollywell a nice place to live?

Accepted Answer

Hollywell is a delightful suburb that offers a charming blend of coastal living and community spirit, making it a wonderful place to call home. With its serene waterfront views and relaxed atmosphere, Hollywell is perfect for those who appreciate a tranquil lifestyle while still being close to the conveniences of the Gold Coast. The suburb is known for its lush parks and walking trails, providing ample opportunities for outdoor activities and family outings. Its proximity to the Broadwater makes it a haven for boating and water sports enthusiasts, adding to its vibrant yet laid-back vibe.

Families will find Hollywell particularly appealing due to its peaceful environment and strong sense of community. The suburb's established residential character and high rate of home ownership reflect a stable and welcoming neighborhood, ideal for raising children. While Hollywell may not have a bustling nightlife or major new infrastructure developments, its charm lies in its natural beauty and the slower pace of life it offers. The trade-off for this tranquility is the limited rental market and the absence of significant new amenities, but for many, the peaceful coastal setting more than compensates.

Safety is generally not a concern in Hollywell, contributing to its reputation as a family-friendly suburb. While it may not have the same level of urban excitement as some inner-city areas, the convenience of nearby shopping centers, schools, and recreational facilities ensures that residents have everything they need within easy reach. Hollywell is an ideal choice for those seeking a serene coastal lifestyle with the added benefit of a close-knit community, making it a truly nice place to live.

Question 2

Is it expensive to live in Hollywell?

Accepted Answer

Living in Hollywell can be quite expensive, especially when you consider the current property market. The median house price in this Gold Coast suburb is a hefty $1,615,000, which is significantly higher than many other areas. If you're looking to rent, the average weekly rent for houses is around $965, while units are slightly less at $950 per week. These figures suggest that housing in Hollywell demands a substantial financial commitment.

When we compare the local income data, the median total household income in Hollywell is $1,872 per week. This is in line with the Queensland average annual wage of approximately $93,000. However, given the high property prices and rental rates, a significant portion of income would likely go towards housing costs, making it a more expensive suburb to live in compared to others in the region.

While Hollywell offers a desirable lifestyle with its coastal charm and amenities, the cost of living, particularly in terms of housing, is on the higher side. If you are considering living in Hollywell, it's essential to evaluate your financial situation to ensure it can accommodate the expenses associated with residing in this picturesque but pricey suburb.

Question 3

Is Hollywell a good place to invest?

Accepted Answer

Hollywell presents a promising investment opportunity, particularly for those interested in rental income. Over the past year, the suburb has seen a modest increase in median house values by 2.8%, indicating a stable market. While the median unit values have remained unchanged, the rental market tells a different story. House rents have surged by an impressive 13.5%, suggesting strong demand from tenants and a potential for attractive rental yields.

The steady rental growth for units, with a 3.3% increase, also highlights a consistent demand, albeit at a slower pace than houses. Hollywell's appeal lies in its coastal lifestyle, which attracts both families and professionals looking for a balance between work and leisure. This demand is likely to keep rental returns strong, making it an appealing choice for investors seeking reliable income streams.

Overall, Hollywell offers a balanced investment landscape with stable property values and robust rental growth, particularly for houses. Its coastal charm and lifestyle appeal ensure ongoing demand, making it a solid option for those looking to invest in a suburb with both stability and potential for rental income growth.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	5.3%	-21.1%
Sold Past 3 months	8	5
Median days on market Past 12 months	37	45
Average rent Past 12 months	$990	$1050
Change in rent Past 12 months	16.5%	10.5%

Get a property report and suburb profile for any property in Hollywell

Hollywell suburb profile

Hollywell property market performance

5 year median price trend for houses and units

Hollywell demographics

Suburbs near Hollywell

How does Hollywell compare to nearby suburbs?

Choose the right real estate agents in Hollywell

Get a head start and compare top local agents in Hollywell

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market