Main Beach is the priciest suburb to buy a house on the Gold Coast according to the latest Cost of Living report by the RACQ.
The report found that home buyers looking for property in Main Beach wouldn’t get much change from $1.5 million.
The other priciest suburbs, say the RACQ, are: South Stradbroke where the median house price is $1.4m, Mermaid Beach ($1.23m), Surfers Paradise ($1.21m) and Clear Island Waters ($996,000).
ARTICLE CONTINUES AFTER THIS ADVERTISEMENT
RACQ’s Renee Smith said: “We’ve found the range in house prices really highlights the diverse make-up of Gold Coast suburban housing on offer.
“Not surprisingly, beach and waterfront suburbs are some of the most highly sought after, while a central location also tends to play a part.
“When it comes to beach versus hinterland, Burleigh Waters was the most affordable sea change suburb at an average of $716,000, but that still exceeded the most expensive tree change area; Tamborine Mountain at $614,000 on average,” said Ms Smith.
Meanwhile, the RACQ’s report – which was prepared by Deloitte Access Economics – found the cheaper suburbs to buy a property were Jacobs Well ($447,000), Lower Beechmont ($427,000), Nerang ($419,000), Springbrook ($405,000) and Stapylton ($190,000).