Jessica Brown
First published 10 Oct 2019, 4:30pm
Coomera is considered one of the most affordable suburbs for houses within an hour’s drive of Brisbane.
GOLD Coast house hunters who regularly travel to Brisbane should consider property in four suburbs to help save time and money.
Coomera, Ormeau, Oxenford and Pacific Pines are the most affordable suburbs within an hour’s drive of Brisbane, according to new research from OpenAgent.com.au.
Ormeau had the lowest median house price at $475,000 as well as the shortest commute time by car, ranging between 35 and 55 minutes.
Oxenford followed closely behind with a median house price of $499,000 and travel time between 40 and 65 minutes.
Ormeau also made the list with a median house price of $475,250.
OpenAgent data analyst Carson Teh said living a little bit further away from the Coast’s centre would save homeowners a lot of money.
“Living somewhere closer to the Gold Coast’s centre such as Surfers Paradise comes with a whopping median house price of around $1.27 million and a median unit price of $365,000 despite having a longer commute to Brisbane,” he said.
“Despite being relatively peaceful suburbs, Coomera, Ormeau, Oxenford and Pacific Pines are all located next to the M1 making it easy to both access and escape the city.
“These are the most affordable suburbs with a realistic commute to the Brisbane CBD and access to the Gold Coast’s beaches, theme parks, night-life, shopping and great weather.”
It takes between 30 minutes and an hour to travel to and from each of the four suburbs and Brisbane.
Ray White Nerang principal Clint Hynes said demand for property in the four suburbs was always high because of their proximity to Brisbane and the Coast’s centre.
“They (buyers) want something halfway,” he said.
“They want good access to the M1 to go north and also the lifestyle that the Gold Coast provides.”
He said public transport, with train stations at Coomera and Ormeau, also made it easier for residents to commute between the two cities.
While Pacific Pines had one of the highest median house prices at $530,000 and the longest commute time, Mr Hynes said the suburb’s amenities attracted people.
“It’s got plenty of parks, the block sizes are good and it’s got good access (to the M1),” he said.
MOST AFFORDABLE SUBURBS
(Suburb, median house price, travel time by car)
Ormeau — $475,250, 35-55 minutes
Oxenford — $499,000, 40-65 minutes
Pacific Pines — $530,000, 45-70 minutes
Coomera — $549,985, 40-70 minutes
Source: OpenAgent.com.au
