The Gold Coast suburb of Pimpama has made its first appearance on the list of Top 10 suburbs for house sales across Queensland in the latest property report.
InfoTrack’s Property Market Update Q3 2023 has named the suburbs with the highest volume of house and unit sales, from 1 July to 30 September this year.
The growing suburb of Pimpama in the city’s north, is the only Gold Coast location to make the list for the greatest number of house sales.
InfoTrack’s Head of Property Australia, Lee Bailie, said Pimpama is very well located.
“Pimpama sits between the Gold Coast and Brisbane, on the Pacific Motorway, less than 29 kilometres from stunning Surfers Paradise. Given its convenient location, and its relative affordability, it’s not surprising to see it has made the list of house sales for the first time,” Mr Bailie said.
InfoTrack’s report shows Pimpama has come in at number seven on the list, behind Rockhampton’s Gracemere, Ipswich’s Redbank Plains, Townsville’s Kirwan, Moreton Bay’s Morayfield and Caboolture, and Logan’s Yarrabilba.
The data also shows the Gold Coast region made a big impact for unit sales last quarter, with Surfers Paradise coming in at number one.
Three other Gold Coast suburbs made the list of Top 10 unit sales for Queensland, including Southport, Broadbeach, and Labrador.
“The Gold Coast continues to be a property hot spot in Queensland, given the highly desirable beachside lifestyle on offer for buyers,” Mr Bailie said.
Also, of note this quarter was renewed interest in central Brisbane with Brisbane City, Kangaroo Point, Fortitude Valley, West End, South Brisbane, and Newstead all staking their claim in the Top 10 for unit sales.
The data shows buying a house in Brisbane is still proving challenging for many, with no Brisbane suburbs making the Top 10 list for house sales at any period this year.
The InfoTrack figures show for the third quarter in a row, houses have retained their position as the most popular property type in Queensland with a 53 per cent share.
Home units have increased their share to 21 per cent in Q3, which is a quarter-on-quarter increase of three per cent.
The full report can be viewed here.
