Get a property report and suburb profile for any property in Hope Island

Hope Island, on the northern Gold Coast, is a waterside suburb defined by canals, marinas and golf courses. It is anchored by Sanctuary Cove and a marina precinct, which bring waterfront dining, boating and resort-style amenity to a landscape of brick and rendered family homes, modern townhouses and larger canal-front residences. Streets away from the water are quieter and leafy, and the layout gives a sense of private neighbourhoods connected by road links to other Gold Coast centres and beaches. The area attracts families, boating enthusiasts and people seeking a quieter coastal lifestyle, with ready access to schools, shopping and leisure.

About 14,522 people live in Hope Island and the median age is 50. Most homes are owner-occupied (71.9%), with a large share owned outright and about 28.1% rented, so the community reads as established. A new Hope Island station is being built as part of the New Gold Coast Stations project, with platforms, a car park, bus stops, accessible facilities and bicycle parking sited beside Mangrove Jack Park and coordinated with nearby road works to improve links. Whether Hope Island suits you depends on whether you value waterside living, boating access and a settled local community.

On the figures, housing in Hope Island sits well above what local households earned at the last Census. A median house at $1,925,000 is about 19.1 times a typical local annual household income at the last Census, and the median unit at $982,500 is about 9.8 times that annual income.

Rents are also a large share of local income: $1,050 a week for a house would take roughly 54.3% of a typical local household's weekly income at the last Census, and $850 a week for a unit about 44.0%. If you are renting those rent shares are the most relevant measure; if you are buying the price multiples show how far prices sit above local incomes. Whether that feels expensive depends on your own income and circumstances.

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

Over the past 12 months Hope Island recorded strong gains in property values: median house values climbed 13.3% and median unit values rose 11.2%. Those value changes show the capital growth side of the market for the year.

Rents rose as well, with house rents up 10.5% and unit rents up 6.2%. If rental income is your priority, the rent figures are the ones that matter; houses saw stronger rent growth than units this year, while unit values outpaced unit rents by a wider margin than was the case for houses. Whether that mix of capital growth and rental movement suits you depends on your individual 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.