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: