Tugun is king of the Gold Coast castle this spring with droves of beach-loving buyers looking to call the suburb home in time for summer.
The latest data from property listings site realestate.com.au reveals the city’s most in demand suburbs as the spring selling season hots up.
Southern Gold Coast suburbs dominate the most-wanted list, with the promise of relaxed beachside living and value for money driving a frenzy of activity.
A renovated five-bedroom house at 44 Dilgara Road, Tugun sold last month.
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Tugun emerged as the top location where more buyers have viewed, saved or shared an online listing and made an inquiry with the agent.
Tugun property specialist Paul Kearney of Base Property Group – Kirra said interest in the sleepy southern suburb had exploded in the past two years.
“Currumbin, Palm Beach and Coolangatta have been go-to suburbs over the years, but in the last two to three years people have turned to Tugun,” he said.
“Tugun has that village feel and it’s a very family-friendly suburb with a shopping precinct, skate park and a pathway all the way down to Coolangatta.”
The Seaton family moved into a charming house in Tugun in July.
Joelene Seaton and her family moved into a charming three-bedroom house in Tugun in July.
The mother of two said Tugun offered easy access to the beach as well as a growing number of restaurants and cafes in the village centre.
“My kids love going to the beach, there are great off-leash dog parks, it’s close to the border and the area has that lovely village feel,” she said.
Value for money is another key driver in Tugun where the median house price is $685,000 – well below the Palm Beach median of $900,000 and $856,500 in Burleigh Heads.
Tallebudgera was the second most in demand Gold Coast suburb over the past 12 months, followed by Burleigh Heads, Palm Beach and Currumbin Waters.
A five-bedroom house on 8656 sqm at 1 Dungogie Dr, Tallebudgera fetched $2.4 million in August.
PRD Burleigh Heads principal John Fischer said bigger homes on larger blocks in proximity to the beach made Tallebudgera a popular postcode for families.
“Sydney buyers have always been big on Tallebudgera, but we also get a lot of locals from Palm Beach and Burleigh looking for a bit more space,” he said.
A Palm Springs-inspired new build at 26 Tallebudgera Connection Rd, Tallebudgera sold for $2.8 million in August.
Mr Fischer said properties in Tallebudgera were being snapped up within two weeks of going to market, while many were under offer before being listed.
“We’ve got a massive list of people wanting to get in there,” he said. “We’re getting multiple offers on most properties at the moment.”
Growing demand has seen house prices in Tallebudgera rise by 31.8 per cent over five years, with the median now at $909,151.
Most in demand suburbs
1. Tugun
2. Tallebudgera
3. Burleigh Heads
4. Palm Beach
5. Currumbin Waters
6. Tallai
7. Elanora
8 Bonogin
9. Mermaid Beach
10. Miami
*Source: realestate.com.au.
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