Hope Island

Local Government Authority

Gold Coast 

Location

North Gold Coast, approximately 19km from Surfers Paradise

Features

The Pines Golf Course, waterfront property.

Median Price

REIQ research shows that the median house price in the suburb for the  2005 calendar year was $435,000.  The median unit and townhouse price was $550,000 in the same period.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the December quarter 2005 was $360.  The median weekly rent paid for a 2-bedroon unit in this area was $350 for the same period. 

Commentary

The northern Gold Coasts prestigious suburbs of Hope Island, Sanctuary Cove and Santa Barbara have grown in prestige and value over the past 20 years, and with a raft of well-planned community facilities, it is easy to see why.

The continual development of Hope Island and surrounding areas, conveniently located in the growth corridor between the Gold Coast and Brisbane, has seen the area grow steadily over recent years.  A trend has been set to make the Hope Island-Sanctuary Cove area (also known as the "North Shore"), a well sought after part of the Gold Coast, with its close proximity to all amenities attracting a variety of buyers.

Families are well catered for, with plenty of community facilities and services, located close to 10 schools with shopping centres and theme parks and the Pacific Motorway all only minutes away.  However, the main buyer demographic is retired or semi-retired couples  with interests in boating and golf.

There are many golf courses in the district, including Hope Island Resort, the Pines Private and the Palms Golf Courses.

The majority of home ownership on Hope Island and Santa Barbara is group titled offering a wide range of new prestigious and well-secured developments with both dry and wet blocks designed to provide a safe environment for families.

For buyers looking for something more exclusive, the Hope Island Resort offers a world-class golf course and million dollar homes.

Developed in the 1980's, Sanctuary Cove has grown to consist of two excellent golf courses, a shopping centre called Marine Village, which has more than 75 shops ranging from gift shops to restaurants, the Hyatt Regency Hotel, numberous cafes and bars and lots of very expensive housing options.

Access in and out of the location is possible by car or by boat-via Sanctuary Coves marina located on a natural waterway on the Coomera River, which flows to the Southport Broadwater and the Pacific Ocean.  The Brisbane and Gold Coast Airports are both within an hours drive.

Sanctuary Coves village community includes new harbour front dining precinct, a country club facility, recreation club and community sports ground.

The beauty of the area, deep-water mooring facilities, luxury housing developments and access in and out of the neighbouring Coomera River area, all contribute to help make Hope Island one of the Gold Coasts most prestigious suburbs.

According to the 2001 Census there were 4001 people living in the suburb with a median age of 40, compared to the Gold Coasts median age of 38.  The median individual income was between $400 and $499 per week, compared to the Gold Coasts medain of between $600 and $699.  Of all occuppied private dwellings 59 per cent were either fully owned or being purchased, while 27 per cent were being rented.