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Mudgeeraba suburb profile

Mudgeeraba is a charming suburb nestled in the Gold Coast hinterland, known for its picturesque landscapes and village-like atmosphere. It offers a peaceful retreat from the bustling coastal areas while still being conveniently close to the amenities of the Gold Coast. Mudgeeraba is characterized by its lush greenery, historic buildings, and a strong sense of community. The suburb hosts a variety of local markets, cafes, and parks, making it an attractive destination for families and nature lovers. Its proximity to the Pacific Motorway ensures easy access to both Brisbane and the Gold Coast, enhancing its appeal as a residential haven.

Mudgeeraba property market performance

Mudgeeraba’s property market has experienced significant growth over the past 12 months, with house values increasing by 18% and unit values rising by 7.3%. The median house price has reached approximately $1.21 million, while units have averaged $765,000, indicating strong demand in the area.

Sales activity has been robust, with 56 houses and 14 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of 17 days on the market and units just 13 days, reflecting high buyer interest.

The rental market in Mudgeeraba has shown varied trends, with house rents increasing slightly by 0.6%, while unit rents have surged by 10.1% over the last 12 months, suggesting a growing demand for rental units in the suburb.

Median price - houses$1.16MPast 3 months

Median price - units$730KPast 3 months

Change in value - houses15.9%12 months

Change in value - units4.1%12 months

Houses sold48Past 3 months

Units sold10Past 3 months

Median DOM - houses17Past 12 months

Median DOM - units13Past 12 months

Average rent - houses$850Past 12 months

Average rent - units$765Past 12 months

Change in rent - housesN/APast 12 months

Change in rent - units9.3%Past 12 months

Mudgeeraba demographics

Mudgeeraba, nestled in the Gold Coast hinterland, offers a serene lifestyle with a touch of rural charm. Known for its lush greenery and community-focused atmosphere, this suburb is a haven for families and those seeking a quieter pace of life. With a median age of 39, Mudgeeraba attracts a mix of families, professionals, and retirees who appreciate its balance of natural beauty and modern conveniences.

The suburb's housing landscape is predominantly owner-occupied, with 27.3% of properties owned outright and 48.9% owned with a mortgage. This reflects a stable community with a strong sense of homeownership. The rental market, comprising 23.8% of properties, caters to those who prefer flexibility, including young families and professionals.

Family life is central to Mudgeeraba, with 48% of households being couple families with children, and 31.9% being couples without children. The presence of one-parent families at 18.9% highlights the suburb's inclusive nature. Mudgeeraba's community spirit is further enriched by local markets, schools, and recreational facilities, making it an ideal location for those seeking a family-friendly environment with easy access to the Gold Coast's amenities.

Mudgeeraba infrastructure, key developments and investment opportunities

Mudgeeraba is experiencing several developments that may impact its property market. The $20 million upgrade of Mudgeeraba Creek State School is nearing completion, enhancing local education facilities. Additionally, the recently approved Mudgeeraba Village Centre redevelopment aims to revitalize the town center with new retail and dining options, potentially boosting property values in the vicinity.

Infrastructure improvements include the ongoing M1 Pacific Motorway upgrade between Varsity Lakes and Tugun, which will enhance connectivity for Mudgeeraba residents. The Gold Coast City Council has also allocated funds for upgrading local parks and sporting facilities, including enhancements to Firth Park. These developments, combined with Mudgeeraba's semi-rural charm and proximity to both the coast and hinterland, continue to make it an attractive option for homebuyers and investors.

Mudgeeraba rental market trends

The rental market in Mudgeeraba has shown varied growth, with house rents experiencing a modest increase of 0.6% over the past year to $850 per week, while unit rents have seen a significant rise of 10.1% to $765 per week. This indicates a strong demand for units, making Mudgeeraba an attractive option for renters and investors focusing on unit properties.

Suburbs near Mudgeeraba

Some popular suburbs near Mudgeeraba include:

Common questions about Mudgeeraba

  • Is Mudgeeraba a nice place to live?

    Mudgeeraba is a delightful suburb that offers a serene and family-friendly environment, perfect for those seeking a peaceful lifestyle amidst the natural beauty of the Gold Coast hinterland. With its charming village-like atmosphere, Mudgeeraba provides a welcoming retreat from the hustle and bustle of the coastal areas while still being conveniently close to all the amenities the Gold Coast has to offer. The suburb is known for its lush greenery and strong community spirit, making it an ideal place for families to settle down and enjoy a balanced lifestyle.

    Families will find Mudgeeraba particularly appealing due to its excellent local schools, parks, and recreational facilities. The suburb hosts a variety of local markets and cafes, providing plenty of opportunities for socializing and enjoying the local culture. Safety is generally not a major concern, and the community-focused atmosphere ensures a supportive environment for raising children. The proximity to the Pacific Motorway also means that residents can easily access both Brisbane and the Gold Coast, making it a convenient location for commuters.

    While Mudgeeraba offers a fantastic lifestyle, it does come with some trade-offs. The semi-rural charm means that it may lack the nightlife and entertainment options found in more urban areas. However, this is balanced by the suburb's tranquil setting and the ongoing developments that promise to enhance local amenities and property values. For those who appreciate a quieter pace of life with the convenience of nearby urban centers, Mudgeeraba is a wonderful place to call home.

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  • Is it expensive to live in Mudgeeraba?

    Living in Mudgeeraba can be quite costly, especially when considering the current property market. The median house price is around $1,212,750, which is a significant investment. For those looking to rent, the average rent for houses is about $850 per week, while units average around $765 per week. This suggests that housing costs in Mudgeeraba are on the higher side, particularly when compared to some other suburbs in the region.

    When we look at the wage data, the average income in Mudgeeraba is approximately $91,000 per year. In comparison, the average household income in Queensland is generally lower than this figure, which indicates that residents in Mudgeeraba tend to earn more than the state average. However, the high property prices and rental costs mean that a significant portion of this income would likely be allocated towards housing expenses.

    Overall, while Mudgeeraba offers a desirable lifestyle with its scenic surroundings and community feel, the cost of living, particularly in terms of housing, can be quite high. If you are thinking of living in Mudgeeraba, it's important to evaluate your financial situation to ensure it aligns with the expenses associated with residing in this appealing 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 Mudgeeraba a good place to invest?

    Mudgeeraba is showing promising signs as a good place to invest, particularly if you're looking at the real estate market. Over the last year, the suburb has experienced a significant 18.0% increase in median house values, which indicates strong capital growth potential. This kind of growth suggests that the area is becoming more desirable, likely due to its appealing lifestyle and amenities. While the increase in median unit values is more modest at 7.3%, it still reflects a positive trend, especially for those considering more affordable entry points into the market.

    When it comes to rental properties, Mudgeeraba presents an interesting dynamic. While the change in rent for houses has been relatively flat at 0.6%, units have seen a substantial 10.1% increase in rental prices over the past year. This suggests a growing demand for unit living, possibly driven by young professionals or smaller households seeking convenience and affordability. For investors, this could mean a good opportunity to secure steady rental income, particularly from units.

    Overall, Mudgeeraba offers a balanced investment opportunity with strong capital growth in house values and rising rental demand for units. Its appeal as a suburb is likely to continue growing, making it a solid choice for those looking to invest in the real estate market.

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