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Currumbin

POSTAL CODE: QLD, 4223
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Based on its average 5-year and quarterly capital gains CURRUMBIN, 4223 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 CURRUMBIN, 4223 obtained a 10.05% growth over a ten-year period. It ranks 29th on our list of suburbs that property investors should look into.

CURRUMBIN, 4223 in QLD belongs to the local government area of Gold Coast.

CURRUMBIN, 4223 has a capital gain of 6.07% for the past year, which is lower than average compared to its 62.14% growth within a five-year period.

With the median home price in CURRUMBIN sitting at $1,702,500, and the average rent at $1175, property owners could potentially earn a 3.59% increase in gross rental yield.

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

Surburb overview

Currumbin is a coastal suburb on the Gold Coast, Queensland, approximately 23 kilometres south of Surfers Paradise and about 94 kilometres southeast of Brisbane. The suburb is renowned for its natural beauty, featuring lush vegetation and scenic headlands, which are preserved mainly due to the presence of the Currumbin Wildlife Sanctuary and the area's hilly terrain.

As of the 2021 census, Currumbin had a population of 3,278 people. The diverse community comprises families, professionals, and retirees drawn to the suburb's tranquil environment and coastal lifestyle.

The real estate market in Currumbin has shown significant growth. The median sale price for houses is approximately $1,605,000, reflecting a 12.24% increase over the past 12 months. Units have a median price of $950,000, with an 11.76% growth in the same period. Rental yields are around 3.28% for houses and 3.99% for units, indicating a healthy investment environment.

Currumbin offers a range of amenities, including local shops, cafes, and recreational facilities. The suburb is home to the Currumbin Wildlife Sanctuary, a popular destination that showcases native Australian wildlife. The area also features parks and picnic spots along Currumbin Creek, providing opportunities for fishing and family outings.

Educational facilities in Currumbin include the Currumbin State School, catering to primary education. For secondary education, residents typically access nearby schools in surrounding suburbs.

The suburb's natural landscape offers numerous recreational activities. Currumbin Beach is a favoured spot for surfing, particularly at Currumbin Alley, which is known for its excellent surf conditions suitable for longboards. The area also hosts the annual Swell Sculpture Festival, attracting artists and visitors to the beachfront for a display of outdoor sculptures.

Currumbin is recognised for its strong sense of community and neighbourly spirit. Residents often engage in local events and initiatives, fostering a welcoming and connected atmosphere.

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