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
Current median dwelling price$976,500Past 3 months
Property growth+7.3%Past 12 months
Mudgeeraba’s property market has experienced notable growth over the past 12 months, with house values increasing by 18% and unit values rising by 6.9%. The median house price has reached $1.15 million, while units have averaged $730,000, indicating strong demand in the area.
Sales activity has been robust, with 44 houses and 8 units sold in the past three months. Properties are moving quickly, with houses spending a median of just 17 days on the market and units even faster at 13 days, reflecting high buyer interest.
In the rental market, house rents have remained stable over the last 12 months, while unit rents have increased by 10%, suggesting a growing demand for rental units in Mudgeeraba.
Houses | Units | |
---|---|---|
Median price Past 3 months | $1.19M | $768K |
Change in value Past 12 months | 5.3% | 9.2% |
Sold Past 3 months | 60 | 12 |
Median days on market Past 12 months | 33 | 46 |
Average rent Past 12 months | $873 | $820 |
Change in rent Past 12 months | 4.6% | 9.3% |
5 year median price trend for houses and units
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 stability for houses, with rents remaining steady at $850 per week over the past year. In contrast, unit rents have experienced a significant increase of 10%, reaching $770 per week. This growth in unit rents reflects a rising demand for more affordable living options in this well-connected and family-friendly suburb.
Suburbs near Mudgeeraba
Some popular suburbs near Mudgeeraba include:
How does Mudgeeraba compare to nearby suburbs?
- Median house prices: Mudgeeraba’s median house price is 11.5% higher than Merrimac’s.
- Median unit prices: Mudgeeraba’s median unit price is 1.1% higher than Merrimac’s.
- House price growth: Over the past 12 months, house prices in Mudgeeraba have grown 0.7% higher than in Mermaid Waters.
- Unit price growth: Over the past 12 months, unit prices in Mudgeeraba have grown 4.6% higher than in Merrimac.
- Selling speed for houses: Properties in Mudgeeraba are selling 38.9% faster than in Tallai.
- Selling speed for units: Properties in Mudgeeraba are selling 4.2% faster than in Merrimac.