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Looking to invest in property this year? CoreLogic announces the best investment suburbs on the northern Gold Coast for 2023!

By Rachel Devery

Are you looking to invest … not sure where to start? Experts forecast Maudsland, Pimpama and Coomera as the hot spot investment suburbs on the Gold Coast for 2023!

If you’re considering making an investment in Gold Coast property this year, its important that you do your homework first. One of the best metrics to look at before purchasing is the potential rental yield of the investment. So, what is rental yield and how is it calculated? According to Westpac, rental yield is simply the difference between the income you receive from renting out your property, minus the overall costs of your investment, such as loan repayments, council rates and body corporate levies. Rental yield is expressed as a percentage, and the higher the percentage, the greater the return is on your investment. A yield of above 4 per cent is generally considered to be good for a new investment.

According to CoreLogic, while the heat of the market on the Gold Coast began to cool towards the end of 2022, data indicated that the rental market continued firing on all cylinders. According to SQM Research, a 3-bedroom unit or townhouse saw a 25.3 per cent increase in rent for 2022, while two-bedroom units also saw a healthy 18.1 per cent increase. Chief Researcher, Warren Christopher, has also indicated that these rents can expect to increase by as much as a further 8 per cent in 2023. While these statistics can offer some confidence, the importance of rental yield really comes into play when making a decision about where to invest; CoreLogic have highlighted some suburbs to put on your shortlist.

Topping the investor hot spot list for 2023 is Pimpama. Ideally located 45kms from Brisbane’s CBD and 20km from the Gold Coast’s CBD, Pimpama offers access to the best of both cities. The suburb recorded an 18.9 per cent rise in rental prices in 2022, reaching a median price of $500 per week for a unit. With a median property value of $515,000 for a unit, an investment purchase in Pimpama could offer you a very healthy rental yield of 5.3 per cent.

Next on the list is one of the Gold Coast’s hidden gems, Maudsland. Nestled in lush bushland behind Oxenford and Pacific Pines, Maudsland offers modern homes similar to that of Pimpama, however they are set on much larger blocks. The suburb grew popular among tenants last year, with many flocking to the area opting for plenty of room for the kids to play, over proximity to the M1 Highway. The Hinterland suburb recorded a 19.3 per cent increase in rents last year to an average of $852 per week. With the median purchase price sitting at $850,000 the suburb offers a yield of 4.9% to investors.

Also hitting the list of investment hot spots on the northern Gold Coast for 2023 is Coomera. According to, two-bedroom units there currently have a median sale price of $500,000, having jumped a very healthy 24 per cent over the last year. Commuting is also about to get a lot easier in and around the suburb with the new M2 Coomera Connector—residents heading south can expect quicker journeys making it an ideal location for tenants heading to The Gold Coast Hospital, Griffith and Bond University, and the Gold Coast’s Central Business Districts. Investors in Coomera can expect to receive a median rent of $500 per week for a 2-bedroom apartment, and therefore a very generous rental yield of 5.0 per cent.

With the results in from the experts, it would seem that a purchase in Pimpama, Maudsland and Coomera would be the safest hand to play for new investors, or for those wishing to add another trick to their property portfolio. As with all major life decisions do your research and ask for help if you need it; contact our team for free advice on investments, your goals are our goals, and we look forward to helping you to achieve them in 2023!


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