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
Current median dwelling price$820,000Past 3 months
Property growth+9.1%Past 12 months
Pimpama's property market has shown robust growth over the past 12 months, with house values increasing by 13% and unit values rising by 5.1%. The median house price has reached $905,000, while units have averaged $735,000, indicating strong demand in the area.
Sales activity has been active, with 132 houses and 42 units sold in the past 12 months. Houses are taking a median of 38 days on the market, whereas units are selling faster, with a median of just 22 days, suggesting a higher demand for units.
The rental market in Pimpama has also seen positive changes, with average rents for houses increasing by 5.9% and units by 6.6% over the last 12 months, reflecting a healthy rental demand in the suburb.
Houses | Units | |
---|---|---|
Median price Past 3 months | $905K | $735K |
Change in value Past 12 months | 13.0% | 5.1% |
Sold Past 3 months | 132 | 42 |
Median days on market Past 12 months | 38 | 22 |
Average rent Past 12 months | $720 | $650 |
Change in rent Past 12 months | 5.9% | 6.6% |
5 year median price trend for houses and units
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 moderate growth, with house rents increasing 5.9% over the past year to $720 per week, while unit rents have risen 6.6% to $650 per week. As a rapidly developing suburb with expanding amenities and infrastructure, Pimpama continues to attract both renters and investors seeking promising opportunities in the region.
Suburbs near Pimpama
Some popular suburbs near Pimpama include:
How does Pimpama compare to nearby suburbs?
- Median house prices: Pimpama’s median house price is 10.5% lower than Ormeau’s.
- Median unit prices: Pimpama’s median unit price is 3.3% lower than Upper Coomera’s.
- House price growth: Over the past 12 months, house prices in Pimpama have grown 1.6% higher than in Willow Vale.
- Unit price growth: Property prices in nearby Ormeau have risen 7.1% more than in Pimpama over the past year.
- Selling speed for houses: Properties in Pimpama are selling 57.8% faster than in Willow Vale.
- Selling speed for units: Properties in Pimpama are selling 66.2% faster than in Ormeau.