The Gold Coast acreage suburb of Bonogin has been named among Queensland’s most family-friendly suburbs, beating out its beachside counterparts as a top spot for homeowners with school-age children to invest for good long-term capital growth.
The Hinterland suburb was one of three Gold Coast locations named in the statewide list of top 20 family housing markets, released by Well Home Loans.
Mysterton in Townsville, Far North Queensland, was ranked first.
Well Home Loans CEO Scott Spencer said the ranking provided valuable information for families planning to purchase a home.
“Families want to live in suburbs that have lots of other families to socialise with, a high degree of owner-occupiers to provide stability and good schools to educate their children.”
“They also want to buy into suburbs that are likely to enjoy reasonable capital growth over the long term, even if it’s not necessarily market-beating growth,” Mr Spencer said.
Bonogin’s inclusion came as no surprise to local homeowners Chris and Merinda Moses, who recently listed their newly renovated six-bedroom home for sale.
“We bought in Bonogin because we felt this suburb was undervalued as it is one of the most centrally located acreage locations, just over 10 minutes’ drive to Robina and the Motorway,” Ms Moses said.
“The large lots make the properties extremely family friendly. Most weekends we like to enjoy our backyard and pool area and choose not to venture out.
“Whenever our daughter Violet comes home she rushes straight to the backyard to explore, so that side of the lifestyle we have given her is really priceless,” she said.
The family said it would be “really tough” to leave their home on a 0.59 ha block at 2-4 Hersden Ct. It is marketed via an expressions of interest campaign with Ilona Barry, of Harcourts Coastal.
Researchers identified suburbs with a predominance of freestanding houses and median price of between $200,000 and $1.5 million, along with a local population of at least 70 per cent owner-occupiers and 60 per cent family households, and with an education and occupation score of at least six based on the Australian Bureau of Statistics’ Index of Education and Occupation (SEIFA).
Bonogin’s median sale price was $1.09m, with family households making up 91 per cent of the local population.
The suburb also ranked highly on historical NAPLAN results for schools in the wider area.
Real estate agent Jason Adcock, of Adcock Prestige, also released a separate report ranking the Coast’s top five family-friendly suburbs, based on affordability and access to amenities.
The Adcock report analysed where families on one income could afford to buy, based on Queensland’s average wage of $1737 and a 20 per cent deposit, also considering ease of access to amenities including state schools, swimming pools, public parks and supermarkets
Mr Adock said priorites for families investing in property extended beyond the size of the block, or the number of bedrooms in the home.
“Families really want to be based in a community where everything is close by. They don’t want to be constantly in their cars driving for milies just to get the necessities,” he said.
>>>>>>GOLD COAST TOP FAMILY HOUSING MARKETS
* source: Well Home Loans and Adcock Prestige