Sold On Gold Coast: the best spots to bag a bargain in the south

first_img 2. Varsity Lakes Despite being on the beachfront, Tugun is considered cheap in comparison to some of its neighbouring suburbs.Tugun is so laid back its residents have given its already short title a nickname.Fondly known as Tugz (pronounced choogs), the beachside suburb on the southern Gold Coast is popular because of its village vibe. Located on the NSW and Queensland border, it is a small suburb nestled between Currumbin and Bilinga.It has arguably one of the best beaches but surprisingly, that’s not what people love most about it.The real charm is in its quiet streets, cafe culture and fish and chip shops.A number of fancy new restaurants and quirky cafes have popped up in Tugun Village over the past few years while a major upgrade to Golden Four Drive has made it easier and safer for cyclists and pedestrians to use. Despite being 15km from bustling suburbs like Broadbeach, Tugun has managed to retain the “old Gold Coast feel”.It has a diverse range of properties on offer, including old beach shacks and luxury homes.Several multimillion-dollar sales have been recorded in the suburb within the past year.An original two-storey beach house fetched $2.95 million at auction last year while an elevated house with sweeping views of the coastline sold for $1.135 million in April. Million-dollar homes aside, it is one of the Coast’s more affordable suburbs for both houses and apartments, according to latest CoreLogic data. Its median house price reached $635,000 following 2.4 per cent growth in the past year and 16 per cent in the past three years.The median unit price is $460,750 following 2 per cent growth in the past year and 15.9 per cent in the past three years.As Tugun is right next to the Gold Coast Airport, it is often the first suburb new arrivals see when they head north towards Surfers Paradise. 1. Mudgeeraba MORE NEWS: The three most expensive suburbs at the heart of the GC Median house price: $635,000 Median house rent: $620/weekMedian unit price: $460,750 Median unit rent: $455/weekAverage days on market: 37.5 Average hold period: 13 yearsPopulation: 6588Average weekly household income: $1288Median age: 41 Median house price: $599,000 Median house rent: $580/weekMedian unit price: $419,000Median unit rent: $460/weekAverage days on market: 44 Average hold period: 9 yearsPopulation: 15,026 Average weekly household income: $1363Median age: 34 Varsity Lakes, which is one of the south’s main activity hubs, has a lot to offer residents on the hunt for a bargain.Varsity Lakes has come a long way since its days as Stephens Swamp. Originally named after former Brisbane mayor and owner of the area Thomas Stephens in the 1860s, the suburb was renamed in 2003. Its reputation needed a reboot as it was known as a low socio-economic area — it now has a much more up-market image.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoThe $2 billion masterplanned community, which was developed by Lendlease in 1999, had an aim of creating a mixed-used area with an emphasis on job creation and blending residential, commercial and education in a village setting. The urban village feel of the area steered clear of the traditional high rise, beaches and bikinis vibe the Gold Coast is known for. Open space was at the forefront of the design with the area offering an 80ha lake, 56ha of open space and 20km of walking and bike tracks. The housing estates were built around Lake Orr, so those wanting to buy a relatively new waterfront home might find what they are after in Varsity Lakes. The suburb has a $599,000 median house price. Bond University also sits on the shores of Lake Orr and was Australia’s first private non-profit university. There are about 1000 staff and 4000 students who attend the institution. It has a focus on society, design, health sciences, medicine, business and law degrees. Adjacent to the university is the acclaimed Varsity College which caters from prep to Year 12. Varsity Lakes is nestled between Burleigh Waters and Robina with easy access to the Gold Coast’s second-largest shopping complex, Robina Town Centre. Two waterfront suburbs are among the three most affordable in the city’s south.THE city’s southern suburbs are renowned for their pristine beaches, village-like communities and laid-back vibes — that’s why so many people want to live there.But where are the best places to buy a property that won’t break the bank?Mudgeeraba, Varsity Lakes and Tugun were the three most affordable areas in the Gold Coast’s south as featured in the Bulletin’s Sold On Gold Coast — the Glitter Strip’s ultimate property guide.This is what makes these areas not only affordable but highly sought after. 3. Tugun MORE NEWS: Hot spots for luxury homes Median house price: $591,000 Median house rent: 550/weekMedian unit price: $41,500 Median unit rent: $433/weekAverage days on market: 34 Average hold period: 9 years Population: 13,624 Average weekly household income: $1550Median age: 38 Mudgeeraba is one of the south’s most affordable suburbs.Driving through the streets of the Mudgeeraba township is like stepping back in time.Its older-style country buildings and friendly residents give it a village charm that is hard not to love. It is one of the Coast’s larger suburbs bordered by Tallai, Worongary, Merrimac, Robina, Varsity Lakes, Reedy Creek and Bonogin. Located on the western side of the Pacific Motorway, it seems like a world away from the hustle and bustle of the Glitter Strip. But it is actually becoming more popular among younger demographics because it is only a short drive to the beach without the hefty price tag. With a median house price of $591,000, the suburb appeals to first-home buyers, growing families and investors.It has a mix of residential and small acreage properties.The area has long been popular among people who enjoy the country lifestyle.Like many country towns, it has a beloved old hotel that has stood for more than 100 years.The original Mudgeeraba Hotel, now known as the Wallaby Hotel, still remains today despite being built in 1884.It is also home to the Mudgeeraba Farmers’ Market, which is believed to be the oldest on the Gold Coast.Held at the Mudgeeraba Showgrounds on the second and fourth Saturday of each month, the market offers produce, coffee, jams, cheese, wine and baked goods from around the area. The suburb also has quaint restaurants, bed and breakfasts, cafes and art and craft galleries.One of the suburb’s major attractions is the annual Mudgeeraba Show, which showcases everything the area has to offer.As it is at the foot of the Hinterland, many people often travel through the suburb to get to Springbrook National Park. Source: CoreLogic data to April 2019last_img

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