Property Manager’s Suburb Report For Investors

Pimpama, Qld

Suburb Statistics Report


Your Local Expert Property Manager

Sam McFarland
Sam McFarland

Mob: 0406 098 704
Office: 07 3445 4017
Email: sam@linkproperties.com.au


Statistics Summary – Houses

Median rental price: $430 per week.

Median sale price: $465,000

Average gross rental yield: 4.81%

Change in Median Price (House)

.PimpamaGold Coast City
Period% Change% Change
Dec 20194.84%0.79%
Dec 2018-2.11%2.01%
Dec 2017-0.42%5.51%
Dec 20167.18%5.36%
Dec 20155.46%6.46%
Dec 20144.07%6.26%
Dec 20135.32%4.87%
Dec 20123.36%-3.67%
Dec 2011-11.83%-6.13%
Dec 2010-8.65%4.61%
Statistics are calculated over a rolling 12 month period

Property Manager’s Comments & Perspective On The Area

Pimpama is a fast expanding suburb with many modern homes and new developments that continue to open up. The median rental prices are very affordable for young families which is typically the main demographic of renters in the area.

There are many major amenities close by that include Westfield Coomera, direct M1 motorway access and a multitude of parks, schools and sporting facilities.

Vacancy:

My experience has been that vacancy is low and properties that are priced correctly tend to be rented within the first 1 – 3 inspections.

The average vacancy rate over the past 5 years within Pimpama has been 2.1% according to SQM Research.

Any downsides?:

The only real downside to Pimpama is the relatively high percentage of investor owned properties which outstrips the owner occupied properties at a rate of approximately 3 to 1. This has mostly been due to the high investor demand and promotion of Pimpama as one of the fastest growing suburb in Australia by population.

This could potentially affect capital growth rates moving forward however from a rental return point of view, given the location and amenities on offer there has always been a good pool of quality tenants to choose from.

Summary:

Quality tenants are abundant, vacancy is low and demand for housing is high. I also expect this strong rental demand for Pimpama will continue even more so into the future as bordering regions further away from the M1 motorway open up to development – this will mean Pimpama is viewed as being even more centrally located than it is presently.


Local Businesses In Pimpama

The Coffee Shop Brokers

Our team love coffee and the culture that goes along with it. All we do at The Coffee Shop Brokers is focus on understanding and selling coffee shops.

GC Splash & Shine Car Detailing

High quality Mobile Car Detailing servicing from Northern Gold Coast to Tweed Heads.

Pristine Carpet Services

Carpet Cleaning Gold Coast – well known and reliable carpet cleaning and repair services.

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