Top 10 hottest postcodes Coast locals are loving

PRICE surges are seeing more affordable suburbs away from the beach like Upper Coomera and Parkwood sit among powerhouse Gold Coast postcodes locals are moving to.

Muval chief commercial officer Adam Coward said a surge in out-oftown demand for the Gold Coast had forced more locals further away from the beach lifestyle.

“What we’re seeing in the Gold Coast is that the local market is looking for better value away from the coastline, and interstaters are looking to take those coastline spots,” he said.

Muval removalists’ data, collating the top 10 postcodes chosen by locals moving within the Gold Coast, showed how strong the iconic beach pull still is with Southport, Labrador (4215) topping the list.

“What we’re generally seeing

is that local inquiries, the number one spot is Southport Labrador which has been trending really well. It looks like one of those spots where locals know they can go to, there’s a little bit of space still around those areas,” Mr Coward said.

But it was the rise to second position of Coomera, Upper Coomera, Pimpama (4209), beating the third-placed iconic

Main Beach, Surfers Paradise (4217) that signified just how much life changed for locals.

Parkwood, Ashmore, Arundel and Molendinar (4214) also made the top four postcodes to move to for Gold Coast locals.

Professional Real Estate Group director Andrew Henderson said there was a lot of pressure on landlords with extra costs, land tax, rate increases, which saw some locals cash out as prices peaked.

“They’ve got a market that’s increased, so a lot of them that were nearing retirement age took the opportunity to cash out of the real estate market and look for other investments.”

“Compounding that is we’ve seen significant demolishment of older style, three-storey walk-up buildings built in the 70s and 80s, and a lot of those have been replaced with medium and high rise buildings, brand new units that are so much more expensive – on the rental side too,” he said.