House prices in this Gold Coast suburb have soared by almost 50 per cent!

Good news for anyone who owns a home in Hope Island… The popular suburb on the northern Gold Coast has increased its annual median house price by almost 50 per cent.

According to fresh data released by the Real Estate Institute of Queensland, Hope Island experienced a quarter on quarter median price growth of 43.4 per cent

It was a surprise outcome, with Queensland’s housing market performance experiencing an overall reduction of 0.7 per cent during the September Quarter.


The booming suburb of Ormeau experienced the second highest growth rate for the city, increasing by 14 per cent, which is a significant jump considering its five year growth was 14.7 per cent.

REIQ Gold Coast Zone Chair Andrew Henderson said the northern corridor is becoming one of the most sought after areas in the city.

“The northern growth corridor offers apple opportunity for modern and new homes on an owned block of land – the quintessential Australian dream,” Mr Henderson said.

“Northern Gold Coast also offers more opportunity for buyers to own their own piece of land, as this area generally offers lower density housing.

“Buyers can still live on the Gold Coast today for the lifestyle, but with good access to Brisbane and major infrastructure.

In Ormeau, new housing developments and a convenient location contributed to its growth, however Mr Henderson says in Hope Island, high-ticket sales would have helped drive up the median sales prices.

“The Hope Island area offers property owners the lifestyle choices of multiple golf courses, marina berths, shopping centres, and palatial waterfront homes – and for boaties, there is easy access on the Broadwater,” he said.

“Plus a number of gated communities, such as the world renowned Sanctuary Cove Resort, are available for those seeking additional security.”

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Upmarket? Why? I drove down hope island road yesterday and all i could smell was fibreglass fumes all the way from the boat building factories. And when it rain monteray keys smells like death. An upmarket health hazard.

Having lived in Hope Island for 18 years I wouldn’t live anywhere else. Its great because it is up market. In that time I have also never smelt fibreglass. Maybe it’s coming from your car Gav. Oh, Monterey Keys is in Helensvale not Hope Island.

Love living here at Hope Island, especially as we are on the water and we love our water toys. Fiberglass smell? What is Gav smoking????

I dont smoke thats probably why i could smell it. Maritimo have a boat building factory down sickle avenue hope island yeah?

The factory has been there for 25 years.Long before the houses were built

Is monteray keys (helensvale) just south of hope island? Definitely not the car a work mate who drives that way also smelt it.

would be great if the house values in Ormeau actually reflected this. When I speak to the bank they say it hasn’t….

I call absolute bulls***!
There is NOT a 53% increase in value in Hope Island.
People can’t even sell to get out of here