HOMEOWNERS in Clagiraba and Currumbin Valley hold onto their properties longer than anywhere else on the Gold Coast, new research reveals.
Houses in the semirural suburb of Clagiraba are held the longest with an average hold period of 15.7 years, according to the latest PropTrack data.
1121 Beaudesert Nerang Road, Clagiraba is the only property in the suburb currently on the market.
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That’s more than 5.7 years more than the average hold period for the Gold Coast which sits at 10 years.
In Currumbin Valley, houses are held for 15.1 years while in Coolangatta, homeowners hang around an average of 14.9 years.
Living on acreage while still being close to the city were huge drawcards for homeowners in Clagiraba, according to real estate agent Braden Lamb, of BL Property.
He said a limited supply of properties also forced homeowners to hang on to their properties longer.
1121 Beaudesert Nerang Road, Clagiraba is the only property in the suburb currently on the market.
“It’s acreage that hasn’t got the price tag that some of the inner-city acreage has,” said Mr Lamb, who has sold several properties in the suburb.
“It’s also slightly unknown to a lot of people too – it’s been a well-kept secret.
“It’s close to the highway and shops and it’s only seven minutes to Nerang.”
“Clagiraba competes with suburbs like Benogin, Tallai and Worongary.”
1526 Currumbin Creek Rd, Currumbin Valley has a $2.5m plus price tag.
Further south and it’s a similar story at Currumbin Valley.
Kylie Wardrop of McGrath Palm Beach said buyers were drawn to the Hinterland suburb for space and privacy.
“It’s close to the beaches, gives you space and privacy and its natural beauty is hard to leave,” Ms Wardrop said.
“The ability to work from home and still have access to everything on the Gold Coast is also an attraction.”
320 Tomewin Mountain Road, Currumbin Valley is on the market at offers over $1.6 million.
Ms Wardrop said buyers were either younger families or empty nesters.
“Most interest has been from locals and Brisbane but interstate buyers are still interested in the amazing lifestyle on offer,” she said.
On the other end of the scale, homeowners in Pimpama don’t stay long, with an average hold period of just 4.4 years.
Coomera was next at 5.5 years followed by Maudsland at 5.9 years.
69 Sudbury Drive, Pimpama is on the market at offers over $889,000.
REIQ Gold Coast chairman Andrew Henderson said the northern corridor provided entry-level properties for house hunters.
“Five years ago there were a lot of housing estates being built in those areas,” Mr Henderson said.
“Often first time buyers will get into the property market up there as it’s cheaper, then they will sell a few years later.”
Longest hold periods
Clagiraba, 15.7 years
Currumbin Valley, 15.1 years
Coolangatta, 14.9 years
Currumbin Waters, 14.4 years
Gaven, 14.3 years
Shortest hold periods
Pimpama, 4.4 years
Coomera, 5.5 years
Maudsland, 5.9 years
South Stradbroke (units), 6 years
Hope Island (units), 6 years
Source: PropTrack
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