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Gilston

POSTAL CODE: QLD, 4211
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 33.68% capital gain.

It also 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 $1,290,000

The augmented property values in the suburb are trailing behind the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $950.

Home owners selling their properties and realtors in GILSTON usually have to wait an average of 45.2 days days before their assets are lifted off the market.

The QLD suburb ranks 365th on the list of best yielding suburbs for rental properties in QLD, posting a 3.83% return.

It also places places 791st in Australia based on median property value growth during the quarter.

Surburb overview

Gilston is a rural residential community on the Gold Coast, Queensland, Australia. It is approximately 76.9 kilometres south-southeast of Brisbane's central business district and about 17 kilometres west-southwest of Surfers Paradise.

As of the 2021 census, Gilston had a population of 2,669 residents. The suburb has experienced significant growth over the past decade, with the population increasing from 1,449 in 2011 to 2,459 in 2016, reflecting a 70.3% increase.

The median age in Gilston is 35, slightly lower than the national median of 38. The predominant age groups are 5-9 years (9.4%), 10-14 years (8.9%), and 0-4 years (7.3%), indicating a community with many young families.

Gilston households primarily comprise couples with children, with an average of 3.2 people per household and a median weekly household income of $2,446.

Public transportation options in Gilston are limited. Approximately 88.9% of residents commute to work by car, 1.6% use the train, and 0.6% rely on bus services.

Gilston offers access to essential establishments in nearby areas. For shopping and services, residents often travel to neighbouring suburbs such as Nerang and Mudgeeraba, where major supermarkets, pharmacies, and specialty shops are available. Regarding education, Gilston State School is a government primary school located at 588 Worongary Road. The school had an enrolment of 599 students in 2017. For secondary education, the nearest option is Nerang State High School in Nerang.

Recreational activities are abundant in and around Gilston. The suburb features several parks and reserves, offering hiking, picnicking, and wildlife observation opportunities. The area's natural beauty provides a serene environment for outdoor enthusiasts. Additionally, The Grand Golf Club, with a 19-hole course designed by Greg Norman, is located at 364 Gilston Road.

Gilston has seen growth in recent years in terms of property. The median sale price for houses is approximately $1,220,000, reflecting a 17.03% increase over the past 12 months. Rental yields for houses stand at 4.20%, with an average median rent of $950 per week.

Gilston presents a rural-residential lifestyle with convenient access to urban amenities in neighbouring suburbs. Its growing population, family-oriented demographics, and access to recreational facilities make it a notable locality within the Gold Coast region.

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