Top Neighbourhoods for Long-Term Leasing in the Gold Coast

Introduction

The Gold Coast, renowned for its stunning beaches and vibrant lifestyle, is also a hotspot for property investors and renters seeking long-term leasing opportunities. In 2023, certain suburbs stand out for their impressive rental yields and consistent growth, making them ideal for long-term investments.

Top Neighbourhoods for Long-Term Leasing in the Gold Coast

1. Maudsland: Nestled in the Gold Coast hinterland, Maudsland offers a tranquil setting with a median weekly rent of $852. The area has seen a 19.3% growth in rents and a 19.7% increase in property values over the past year.

2. Pimpama: This suburb has witnessed an 18.9% growth in rents, with a median weekly rent of $665. Pimpama's property values have risen by 20.5%, and the median unit value is $515,500, making it an attractive area for investors.

3. Burleigh Heads: Known for its beachside charm, Burleigh Heads has experienced a 17.8% increase in rents. The median weekly rent is $1,132, with house prices currently at $1,480,000 and units at $899,000.

4. Mermaid Waters: As part of realestate.com.au's hottest 100 suburbs to watch, Mermaid Waters has a median house price of $1,603,000 and a rental yield of 4.9%. It is poised to benefit from the $1 billion light rail line expansion.

5. Coomera: With the new M2 Coomera Connector improving commuting options, Coomera has become more desirable. The median unit price is $500,000, with a 25.3% increase over the past year, and a median rent of $500 per week.

The Role of Property Management

In such a dynamic market, property management companies like Lane Property are crucial. They offer expertise in navigating the nuances of the local rental market, ensuring both investors and tenants find the best matches for their needs.

Conclusion

The Gold Coast's property market continues to be a lucrative area for long-term leasing, with several suburbs offering great potential for rental yields and property value growth. Whether you are an investor or looking to lease, these neighbourhoods present excellent opportunities in 2023.