Pimpama

POSTAL CODE: QLD, 4209

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains PIMPAMA, 4209 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PIMPAMA, 4209 obtained a 8.03% growth over a ten-year period. It ranks 1198th on our list of suburbs that property investors should look into.

PIMPAMA, 4209 in QLD belongs to the local government area of Gold Coast.

PIMPAMA, 4209 has a capital gain of 15.53% for the past year, which is lower than average compared to its 103.5% growth within a five-year period.

With the median home price in PIMPAMA sitting at $930,000, and the average rent at $725, property owners could potentially earn a 4.05% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PIMPAMA are low, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on PIMPAMA, 4209 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 11.43%.

A steady increase in median property prices over a five-year period in PIMPAMA, 4209 translates to a 45.29% capital gain.

Property investors enjoyed capital gains of 11.43% over the last 12 months in PIMPAMA, translating to lower returns compared with its peers in QLD.

PIMPAMA, 4209 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $741,000.

Profits due to an upward trend in home prices in PIMPAMA, 4209 averaged 15.1% per annum over a 3-year period.

Home owners selling their properties and realtors in PIMPAMA usually have to wait an average of 26.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $680 mark, reflecting a 4.77% increase in returns based on the current median price in PIMPAMA.

PIMPAMA, 4209 places 200th in Australia based on median property value growth during the quarter.

Surburb overview

Pimpama is a rapidly growing suburb in the northern region of the City of Gold Coast, Queensland. It is approximately 50.9 kilometres southeast of Brisbane's Central Business District (CBD) and 29.5 kilometres north-northwest of Surfers Paradise. Covering an area of about 41.4 square kilometres, Pimpama has experienced significant development in recent years, transitioning from a rural community to a burgeoning urban area.

As of the 2021 census, Pimpama had a population of 24,601 residents, reflecting substantial growth from 9,396 in 2016 and 3,211 in 2011. This increase is attributed to its strategic location between Brisbane and the Gold Coast, making it attractive to families and professionals seeking accessible suburban living.

The real estate market in Pimpama has been robust. As of November 2024, the median house property price was approximately $800,000, with an annual capital growth rate of 13.88%. Rental yields for houses stood at 4.48%, with a median weekly rent of $690. Units had a median price of $664,000, experiencing a 17.52% annual growth, and rental yields were at 5.27%, with a median weekly rent of $638.

Pimpama offers a variety of amenities catering to its growing population. Shopping facilities include the Pimpama City Shopping Centre, which has major retailers such as Aldi and Coles and is alongside numerous specialty shops. Educational institutions in the area comprise Pimpama State Primary College, Pimpama State Secondary College, and King's Christian College, which provide comprehensive educational services from primary to secondary levels.

The nearby Ormeau railway station on the Gold Coastline facilitates public transportation, offering services to Brisbane and the Gold Coast. Additionally, a new railway station at Pimpama is planned as part of the Cross River Rail project, aiming to enhance connectivity for residents. The suburb is also bisected by the M1 Motorway, providing convenient access for motorists.

Recreational opportunities in Pimpama are abundant. The suburb is home to the Gainsborough Greens Golf Course, offering a premium golfing experience amidst natural bushland. The Le Mans complex provides go-karting facilities, and the Strawberry Farm is a popular destination for families, offering fresh produce and a petting zoo.

Pimpama's rapid development is expected to continue, with ongoing infrastructure projects and residential developments to accommodate its growing population. The suburb's blend of modern amenities, educational facilities, and recreational options contributes to its appealing location within the Gold Coast region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$930,000	$741,000
Growth Report
Median Quarterly	5.08%	3.56%
Median 12 month	15.53%	11.43%
Median 3 years	37.78%	45.29%
Median 5 years	103.5%	90.73%
10 years average annual	8.03%	9.11%
Weekly media advert. rent	$725	$680
Time on Market	26.2 days	26.2 days
Gross Rental Yield Percent	4.05%	4.77%

Demographics (Median Values)*

Total Population 693

Weekly Household Income 1179

Household Size 2.80

Average Age 33

Monthly Loan Repayment 1450

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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