The Gold Coast’s newest property hotposts have been revealed, with Merrimac and Carrara topping the list of suburbs to watch for buyers wanting to crack the real estate market in 2022.
Latest REA Group data highlighted the next red hot suburbs set to boom in the new year, located mostly in the central and southern areas of the Gold Coast but away from the best-known beachside hotspots.
Currumbin Waters, Worongary and Bonogin also held plenty of potential for buyers, while Highland Park, Clear Island Waters, Elanora, and Mermaid Waters rounded out the top picks.
REA Group PropTrack head of economic research Cameron Kusher said the data showcased suburbs with high buyer demand over the last three months, combined with a minimum of five per cent median house price growth over the same time period compared with last year.
Highest ranked Merrimac posted 20 per cent price growth, with each sales listing in the suburb attracting an average of 114 highly engaged people.
Just one suburb over, house prices in Carrara were up an impressive 26 per cent, while an average of 105 people inquired per listing.
Real estate agent Tina Nenadic, of Gold Coast Property, said both Merrimac and Carrara could be regarded as some of the region’s best-kept property secrets, offering affordability for first home buyers and young families without compromising on location.
“Both of the suburbs are close to the M1 and still close to the beach, and for buyers who can’t get into Robina the next affordable suburb is Merrimac, and Carrara right next to it,” Ms Nenadic said.
“There is still a lot of capital growth in the area and also diversity of properties available in both suburbs. You have your larger blocks of land and larger homes for those who want to have the space, and there’s also smaller blocks and townhouses so it is quite affordable for first home buyers.”
As an added bonus, some of the homes in elevated areas within both suburbs offered views of the city skyline.
Ms Nenadic said strong buyer demand had continued through the holiday season, with 11 offers received for a parkside home at 13 Inwood Cct, Merrimac which sold to a young couple for $777,000 right before Christmas.
Families were drawn to the areas’s proximity to good schools and childcare, while investors were also making a play for the local market, attracted by planned infrastructure including a train station in Merrimac in 2024, and the Greenheart parklands modelled on New York’s Central Park.
Carrara, while offering entry-level duplexes and townhouses, also catered for the top end of town with multi-million dollar Main River mansions along the exclusive Maryland Ave.
Currumbin Waters’ inclusion in the top picks came as no surprise to local homeowners, Eslana and Ky Lower, who are selling their renovated four-bedroom property with pool and spa at 36 Clives Cct.
“We knew this was where we wanted to raise the kids because you’re not in the thick of the Gold Coast, but you are still so close to everything,” Ms Lower said.
“The kids went to Currumbin Primary School and Palm Beach-Currumbin High so it’s good to be in the catchment, and you are not far from Currumbin Valley and the rock pools but also only a couple of minutes to the beach and the highway.”
She said her daughters, Rylee, 14, Mia, 12, and Zali, 10, had made many friends within the neighbourhood since they purchased the home in 2009.
“You know the neighbours are always here for you if you need them.”
The home blends Hamptons and Bali design with dual living potential, and is marketed by Ash Witty, of Harcourts BMG.
Mr Witty said demand had accelerated over the last 6-8 months in that pocket of Currumbin Waters, which had evolved from a “blue collar suburb” to one of the southern Gold Coast’s most sought after locations.
“Currumbin Waters was sort of sleepy for a while…and I think the increase in prices from Palm Beach and Currumbin itself has certainly pushed up prices, then on the other side of it there’s Currumbin Valley and that’s been increasing as well, so you have pressure from two sides,” Mr Witty said.
“Young business owners and young families have come in and injected money into the area and it is now starting to tick over with beautiful renovated houses coming up for sale.
“It’s gone from sort of a blue collar affordable market to a suburb where you are seeing a lot of luxury renovated properties,” he said.
House prices in the family friendly suburb were up 14 per cent, with an average 100 inquiries received per listing.
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