Property Manager Oxenford
Property Manager’s Suburb Report For Investors & Landlords
Your Local Expert Property Manager
Statistics Summary – Houses
Median rental price: $600 per week.
Median sale price: $670,000
Average gross rental yield: 4.66%
Change in Median Price (House)
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Property Manager’s Comments & Perspective On The Area
With plenty of green space and handy amenities close by, families and older couples are the predominant demographics within Helensvale.
Being one of the very first master-planned estates on the fringe of the Gold Coast Hinterland region, Helensvale has every convenience you can imagine within a few streets and welcomed its first residents with a shopping centre, schools, golf course and a bowls club.
Since then, it has only grown in attractiveness with the opening of several housing estates and luxurious precincts, one of the most notable being the River Links Estate boasting waterfront homes clearly visible from the freeway when passing the Oxenford exit off the M1.
Most properties I have managed in Helensvale have either been large, luxury homes or older, low set brick homes from the original master-planned estate – so there is a mixture of different price-points to consider.
Some of the most expensive homes I have managed have been within the River Links estate and whenever these homes become available, there is always plenty of interest from discerning, yet very good quality tenants with executive positions in large companies or successful businesses.
Some of the lower price point properties also tend to attract great tenants given the proximity to amenities and tend to be older couples (which is rare for tenants in general, seeing as though the average age of tenants within Queensland is approx 25 years old).
According to SQM Research, the average vacancy rate in Helensvale over the past 5 years has been 2.9%.
From a rental management point of view there are no downsides to Helensvale.
From an investment point of view, the suburb has shown consistent growth over the years too.
What is the best way to find quality tenants in this area?:
Given the amenities and attractiveness of the area, Helensvale has always been a ‘high interest’ suburb for rental listings to draw enquirers.
With this in mind, it’s no wonder the vacancy rate is so low and more often than not if there is little to no enquiries then there is simply either something wrong with the advert or the asking price is too high (thankfully we never have a problem with the former!)
So ensuring adverts have good quality photos of major selling points such as kitchen, bathrooms, living areas, outdoor entertaining and view/perspective are key to getting the most amount of enquirers and applications.
There are plenty of quality tenants, the vacancy rate is very low and demand for housing is high.
Additionally, the suburb is essentially all built out now as well so as areas to the North and West are further developed, Helensvale should be seen as a more ‘central’ Gold Coast suburb rather than on the periphery, which should also bode well for capital growth.