Arundel

POSTAL CODE: QLD, 4214

HOUSE

UNIT

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

The suburb 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 $1,225,000.

The upward trend in home prices in ARUNDEL, 4214 averaged 14.26% per annum over a 3-year period.

Average weekly rents on listings have reached the $900 mark, reflecting a 3.82% increase in returns based on the current median price in ARUNDEL.

An average of 13.58 real estate transactions take place per month in ARUNDEL which translates to 163 per annum.

163 properties were sold in ARUNDEL in 2016, making it the 724th most active market in QLD based on total real estate transactions.

ARUNDEL, 4214 places 422nd in Australia based on median property value growth during the quarter.

The suburb 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 $826,500.

Average median unit prices in QLD have risen as a whole, pulling ARUNDEL, 4214 values up and netting property investors a capital gain of 15.59% for the past year.

Investors saw the median home price rise to $826,500.

The upward trend in home prices in ARUNDEL, 4214 averaged 17.33% per annum over a 3-year period.

ARUNDEL now ranks at the 289th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In ARUNDEL, homes and units usually stay on listing for an average of 38.9 days.

36 properties were sold in ARUNDEL in 2016, making it the 144th most active market in QLD based on total real estate transactions.

Surburb overview

Arundel is a suburb in the City of Gold Coast, Queensland, with the postcode 4214—approximately 8.2 kilometres northwest of Southport and about 12.1 kilometres north-northwest of Surfers Paradise. The suburb encompasses an area of roughly 10.3 square kilometres. Notably, Arundel houses the Coombabah Lake Conservation Park, bordered by Coombabah Creek and adjacent to the Ivan Gibbs Wetlands Reserve in Coombabah.

As of the 2021 census, Arundel had a population of 11,171 residents, with a median age of 41. The suburb experienced a population growth of 7% from 2011 to 2016. Households in Arundel primarily comprise couples with children; a significant portion of the population engages in professional occupations.

Arundel offers educational facilities such as Arundel State School, a government primary school catering to students from Prep to Year 6. Additionally, A.B. Paterson College is a private primary and secondary (Prep-12) school in the suburb.

The suburb was home to the Arundel Hills Country Club, which featured its golf course; however, it closed in May 2022. Residents have access to nearby amenities in adjacent suburbs, including Helensvale railway station and Westfield Helensvale (Helensvale), Harbour Town Shopping Centre (Biggera Waters), Griffith University, Gold Coast University Hospital, and the G: link light rail service.

The median sale price for houses in Arundel over the last year is $1,150,000. The suburb has seen a median growth of 15.60% for houses over the past 12 months. Rental yields for houses are currently at 4.29%, with an average weekly median rent of $840.

Residents describe Arundel as a peaceful, quiet, and safe neighbourhood close to the region's city and other commercial centres. The suburb is noted for its family-friendly environment and proximity to golf courses, beaches, hospitals, and the M1 motorway.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,225,000	$826,500
Growth Report
Median Quarterly	4.48%	2.48%
Median 12 month	11.87%	15.59%
Median 3 years	42.77%	52%
Median 5 years	89.92%	145.8%
10 years average annual	8.95%	10.31%
Weekly media advert. rent	$900	$750
Time on Market	35.9 days	38.9 days
Gross Rental Yield Percent	3.82%	4.72%

Demographics (Median Values)*

Total Population 9309

Weekly Household Income 1120

Household Size 2.80

Average Age 34

Monthly Loan Repayment 1600

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

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