Situated on the Gold Coast, Southport is a bustling suburb known for its vibrant city center, beautiful waterfront, and diverse amenities. Historically, Southport served as a port for the nearby city of Brisbane and later developed into a popular seaside destination.
An interesting fact about the suburb is that it was named after Southport, a seaside town in England. While it has undergone significant development and modernization, Southport retains some historical charm with heritage-listed buildings and landmarks.
The suburb has experienced both gentrification and improvement over the years, attracting a mix of residents, including young professionals, families, and retirees. House prices in Southport have shown steady growth over the past decades, reflecting its increasing desirability and strong demand in the property market.
Lifestyle
Southport offers residents a vibrant lifestyle with an abundance of parks, reserves, and green spaces to enjoy outdoor activities. The Broadwater Parklands is a popular destination, featuring playgrounds, picnic areas, walking paths, and a swimming lagoon overlooking the scenic Broadwater. Residents often engage in leisure activities such as walking, jogging, cycling, and fishing along the waterfront.
The suburb boasts a thriving café culture, with numerous trendy coffee shops and eateries scattered throughout the area. Residents can explore an array of dining options, from casual beachside cafes to upscale restaurants serving international cuisine. Southport hosts various events and festivals throughout the year, including the Gold Coast Show and the Broadwater Parklands Summer Series, attracting locals and visitors alike.
Pets are popular in Southport, with many residents enjoying the pet-friendly parks and walking trails. The suburb provides pet owners with dedicated dog parks and pet-friendly accommodation options. Additionally, Southport hosts pet-friendly events and markets, catering to the needs of furry companions and their owners.
School Zones
Southport is within the catchment area of several public and private schools, offering education options for families with children. Public primary schools in the suburb include Southport State School and Musgrave Hill State School, known for their quality education programs and supportive learning environments. For Catholic education, nearby options include Guardian Angels' Catholic Primary School in nearby Ashmore.
Exclusive independent private schools, such as The Southport School (TSS) and St. Hilda's School, attract students from affluent families seeking premium education experiences. These schools offer comprehensive academic programs, state-of-the-art facilities, and a range of extracurricular activities. Additionally, special needs education is available at Ashmore Special School, providing tailored support for students with diverse learning needs.
Demographics
From 2006 to 2021, Southport has experienced steady growth in median weekly household income rising from $778 to $1,268, reflecting economic prosperity and rising property values. Families make up a significant percentage of the suburb's population, alongside young professionals, students, and retirees.
Demographic groups in Southport are diverse, with multicultural communities from Australia, Asia, and Europe contributing to the suburb's cultural richness. The average income in Southport compares favorably to the Australian average in ratio terms, indicating a high standard of living and sustained wealth accumulation over time.
Employment
Southport boasts a diverse economy, with employment opportunities in healthcare, education, tourism, retail, and professional services. The top employers in the suburb include Gold Coast Health, Griffith University, and Southport Sharks, providing a range of job opportunities to local residents.
Major industries of employment in Southport encompass healthcare and social assistance, education and training, retail trade, and accommodation and food services. Many residents also commute to neighboring suburbs and the Gold Coast CBD for work, with convenient access to public transportation and major employment hubs.
Transport
The main methods of transport in Southport include buses, light rail, and private vehicles, providing residents with convenient access to surrounding areas and the Gold Coast CBD. The suburb is well-served by an extensive network of bus routes operated by TransLink, offering frequent services throughout the day.
The Gold Coast Light Rail (G:link) connects Southport to key destinations along the Gold Coast, providing fast and efficient transportation options for commuters and visitors. Additionally, private transport remains popular among residents, with major roads such as the Gold Coast Highway and Smith Street Motorway facilitating easy travel by car.
Shopping Centre's, Restaurants & Facilities
Southport offers a diverse range of shopping centers, restaurants, and facilities to cater to residents' needs and preferences. The suburb's walk score is high, with many amenities and services within walking distance of residential areas.
Local shopping precincts such as Australia Fair Shopping Centre and Southport Park Shopping Centre feature supermarkets, specialty stores, and retail outlets, providing residents with convenient access to groceries, fashion, and household goods. Residents can dine out at a variety of restaurants and cafes offering diverse cuisines, from seafood and sushi to Italian and Indian.
The suburb's recreational facilities, including parks, sports clubs, and community centers, offer opportunities for leisure and social activities. Southport is home to numerous sporting clubs and social groups, catering to a range of interests and hobbies. Residents can enjoy a day out at the Southport Spit, a popular recreational area offering beaches, parklands, and water sports activities.
Development
In Southport, a mix of dwellings is available, including detached houses, apartments, and townhouses. The suburb has seen significant development in recent years, with new residential and commercial projects transforming the skyline and urban landscape.
Common developments in Southport include high-rise apartment buildings, waterfront developments, and mixed-use precincts featuring residential, retail, and dining establishments. Knock-down rebuilds, renovations, and redevelopments are common, as property owners seek to modernize and upgrade existing dwellings to meet contemporary lifestyle preferences.
Subdivision opportunities are limited due to space constraints and zoning regulations, although some smaller-scale developments may occur on vacant land or underutilized sites. Developments in Southport are concentrated in strategic locations, including the central business district, waterfront precincts, and transit-oriented hubs.
Capital Growth
House prices in Southport have experienced steady capital growth over the past decades, driven by factors such as population growth, infrastructure investment, and lifestyle amenities.
Houses have averaged 7.7% and the growth in the better pockets of the suburb 10% and above for in notable waterfront locations, premium residential estates, and sought-after neighborhoods close to amenities and transport links.
Factors driving capital growth in Southport include proximity to major employment hubs, educational institutions, healthcare facilities, and recreational amenities. The suburb appeals to a diverse range of buyers, including owner-occupiers, investors, and developers, contributing to sustained demand and property value appreciation.
Main buyers in the suburb include first-home buyers, families, downsizers, and investors seeking rental income or capital appreciation. Southport's central location and lifestyle appeal make it an attractive investment opportunity for both local and interstate buyers.
Cash Flow
The average cash flow for houses in Southport varies depending on factors such as property type, location, and market conditions averaging 4% yield. Townhouses and units typically offer higher rental yields compared to detached houses at 5.5%, appealing to investors seeking positive cash flow opportunities.
Over the past decades, rental yields in Southport have shown modest growth, reflecting steady demand for rental properties and limited vacancy rates. Common tenants of leased properties in the suburb include students, young professionals, and families seeking convenient access to amenities and transport links.
Rental Demand
Average vacancy rates for houses, townhouses, and units in Southport have remained relatively stable over the past 10 years at 1.9%, indicating sustained rental demand and occupancy levels. Since the COVID-19 pandemic, vacancy rates may have dropped due to temporary disruptions in the rental market averaging 1.1%.
Major driving forces behind rental demand in Southport include population growth, migration trends, and lifestyle preferences favoring inner-city living and waterfront locations. Rental stock levels have decreased in recent years due to increased demand for housing and limited new supply entering the rental market.
Why You Require a Buyers Agent in Southport
The competition for real estate in Southport is fierce, with low stock levels and high demand creating challenges for buyers in the market. Stock levels are constantly low due to limited land availability, zoning restrictions, and strong investor activity, making it essential for buyers to act swiftly and decisively.
A buyer's agent can provide invaluable assistance in navigating the competitive market, identifying off-market opportunities, and negotiating favorable terms on behalf of buyers. With their local expertise and industry connections, buyer's agents can help clients gain a competitive edge and secure their dream property in Southport, ensuring a seamless and successful buying experience.
Having a buyers agent in your corner is crucial to your success in Southport. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
Why not seek Professional Advice from one of our consultants
We are unbiased market investors, who will put you first.
We treat every deal for your portfolio as if it were our own.
We will give the time to understand every clients situation & needs.
Our performance is unparalleled in the industry.
We have a background in Finance, Banking, Mortgages, Leveraging, Taxation & We are Present Market Investors.
We are precise down to the level of the suburb, street & house for greater performance.
Phone: (02) 9136 0263
Email: admin@compoundinvest.com.au
Opmerkingen