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Pimpama suburb profile

Pimpama is a rapidly growing suburb located in the northern corridor of the Gold Coast, Queensland. Known for its family-friendly environment and modern amenities, Pimpama offers a blend of suburban tranquility and urban convenience. The area is characterized by new housing developments, schools, and shopping centers, catering to the needs of its diverse community. With easy access to the M1 motorway, residents enjoy seamless connectivity to both Brisbane and the Gold Coast. Pimpama's growth is supported by its strategic location and the ongoing development of infrastructure, making it an attractive option for families and investors alike.

Pimpama property market performance

Pimpama's property market has experienced robust growth over the past 12 months, with house values increasing by 13.9% and unit values surging by 17.5%. The current median house price stands at $832,500, while the median unit price is $683,000, indicating strong demand across both property types.

Sales activity has been vibrant, with 151 houses and 21 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of 19 days on the market and units just 16 days, reflecting a competitive market environment.

The rental market in Pimpama has also seen notable increases, with average rents for both houses and units rising by 6.2% over the last year. The average rent for houses is now $690, while units command $638, highlighting consistent demand in the rental sector.

Median price - houses$839KPast 3 months

Median price - units$681KPast 3 months

Change in value - houses14.2%12 months

Change in value - units17.7%12 months

Houses sold144Past 3 months

Units sold19Past 3 months

Median DOM - houses20Past 12 months

Median DOM - units16.5Past 12 months

Average rent - houses$700Past 12 months

Average rent - units$650Past 12 months

Change in rent - houses7.7%Past 12 months

Change in rent - units8.3%Past 12 months

Pimpama demographics

Pimpama, located in the northern part of the Gold Coast, is a rapidly growing suburb known for its family-friendly environment and modern amenities. With a population of 24,601 and a median age of 29, Pimpama is a youthful and vibrant community, attracting young families and professionals seeking a suburban lifestyle with easy access to both Brisbane and the Gold Coast. The suburb's development has been fueled by its strategic location and the availability of new housing estates, making it an appealing choice for those looking to settle in a burgeoning area.

The housing market in Pimpama is predominantly rental-based, with 57.9% of properties being rented. This high rental rate indicates a strong demand for flexible living arrangements, particularly among young families and individuals who are not yet ready to commit to home ownership. Despite this, a significant portion of the population, 32.1%, owns their homes with a mortgage, reflecting the suburb's appeal to first-time homebuyers and those looking to invest in property.

Family life is a central aspect of Pimpama's community, with 45.5% of households being couple families with children. The suburb's infrastructure, including schools, parks, and shopping centers, supports a family-oriented lifestyle. Additionally, the presence of one-parent families, which make up 21.1% of the community, highlights the suburb's inclusivity and support for diverse family structures. Overall, Pimpama offers a dynamic and welcoming environment for residents seeking a balance between urban convenience and suburban tranquility.

Pimpama infrastructure, key developments and investment opportunities

Pimpama is experiencing rapid growth and development, positioning it as one of Australia's fastest-growing suburbs. The recent completion of the Pimpama City Shopping Centre has significantly enhanced local amenities, providing residents with convenient access to retail, dining, and essential services. Additionally, the newly opened Pimpama Sports Hub offers state-of-the-art facilities including netball courts, tennis courts, an aquatic centre, and community spaces, boosting recreational opportunities for residents.

Infrastructure improvements continue with plans for a new Pimpama railway station as part of the Cross River Rail project, which will enhance connectivity to Brisbane and the Gold Coast. The ongoing residential development, including a mix of housing options from apartments to family homes, is attracting a diverse population and driving property demand. These developments, combined with Pimpama's proximity to both Brisbane and the Gold Coast, are likely to sustain strong growth in the local property market.

Pimpama rental market trends

The rental market in Pimpama has experienced steady growth, with both house and unit rents increasing by 6.2% over the past year. House rents have reached $690 per week, while unit rents are now at $638 per week. This consistent rise reflects the suburb's appeal, driven by its strategic location and ongoing development, making it an attractive option for renters and investors alike.

Suburbs near Pimpama

Some popular suburbs near Pimpama include:

Common questions about Pimpama

  • Is Pimpama a nice place to live?

    Pimpama is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a wonderful place to live. With its charming atmosphere and modern amenities, Pimpama is particularly appealing to families who appreciate a community-oriented lifestyle. The suburb is known for its vibrant and youthful vibe, attracting young families and professionals who are drawn to its dynamic environment. Pimpama's strategic location provides easy access to both Brisbane and the Gold Coast, ensuring that residents can enjoy the best of both worlds.

    The suburb boasts a variety of amenities that cater to the needs of its diverse community. From shopping centers to cafes and parks, Pimpama offers plenty of options for leisure and recreation. The recent addition of the Pimpama Sports Hub enhances the suburb's appeal, providing state-of-the-art facilities for sports and community activities. Safety is generally not a major concern, making it a secure environment for families to thrive. However, the rapid growth and development in the area can lead to increased traffic and congestion, which might be a trade-off for those seeking a quieter lifestyle.

    For families, Pimpama is an ideal choice with its excellent schools and family-friendly infrastructure. The suburb's inclusive community supports diverse family structures, making it a welcoming place for everyone. While the housing market is predominantly rental-based, there are also opportunities for first-time homebuyers and investors looking to settle in a burgeoning area. Overall, Pimpama offers a dynamic and welcoming environment for residents seeking a balance between urban convenience and suburban tranquility, making it a nice place to call home.

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  • Is it expensive to live in Pimpama?

    Living in Pimpama can be seen as moderately expensive, especially when considering the current property market. The median house price in Pimpama is $832,500, while units are priced at a median of $683,000. These figures suggest that buying property here requires a significant financial commitment, although it is still more affordable compared to some inner-city suburbs of nearby Brisbane.

    When it comes to renting, the average rent for houses is $690 per week, and units average $638 per week. These rental prices are on the higher side, which could be a stretch for some, especially when compared to the average wage in Pimpama of $95,000 per year. This average wage is slightly above the Queensland state average, which helps balance out the higher cost of living in terms of housing.

    Overall, while Pimpama offers a blend of suburban charm and modern amenities, the cost of living, particularly in terms of housing, is relatively high. If you are thinking of living in Pimpama, it's essential to weigh these costs against your financial situation to ensure it aligns with the lifestyle you desire in this growing 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 Pimpama a good place to invest?

    Pimpama is emerging as a promising suburb for investment, thanks to its impressive growth in property values over the past year. With a 13.9% increase in median house values and a remarkable 17.5% rise in unit values, the area is clearly experiencing a strong upward trend. This growth is indicative of a high demand for properties in Pimpama, making it an attractive option for investors looking to capitalize on capital appreciation.

    In addition to property value growth, rental yields in Pimpama have also seen a healthy increase, with both houses and units experiencing a 6.2% rise in rent over the last 12 months. This suggests a robust rental market, providing investors with the potential for steady rental income. The suburb's appeal is likely driven by its family-friendly environment and ongoing development, which continue to attract new residents.

    Overall, Pimpama offers a compelling investment opportunity with its combination of strong property value growth and solid rental returns. While it may not be the most established suburb, its rapid development and increasing popularity make it a suburb worth considering for those looking to invest in the real estate market.

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