Hollywell the Gold Coast’s top performing suburb

first_imgThe property at 2/256 Bayview St, Hollywell is one Harcourts Coastal Broadbeach agent Tim Zampech sold recently. The property at 14 Gladiolus Court, Hollywell is on Professionals Vertullo Real Estate agent Steve Taber sold recently. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 The property at 2/256 Bayview St, Hollywell is one Harcourts Coastal Broadbeach agent Tim Zampech sold recently.He said many people bought in the area because it was more affordable than neighbouring Runaway Bay and Paradise Point yet they still got to enjoy the popular suburbs’ benefits.“I think the reason it’s done so well is that it sits right between Runaway Bay and Paradise Point, which have both been very strong performing suburbs,” he said.“Paradise Point is red hot all the time, Hollywell is the next best thing because it’s right next door.“I remember telling people about Hollywell 10 years ago and they’d say, ‘where?’.“No one even really knows about it.”REIQ Gold Coast zone chairman Andrew Henderson backed Mr Zampech’s claims, explaining the suburbs was a “hidden gem”.“It does sit on the boundary of suburbs with some big prices,” he said.“You still get everything the other suburbs offer.”More from news02:37International architect Desmond Brooks selling luxury beach villa14 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoHe said high prices paid for some of the suburb’s waterfront properties could also have bumped the figure up.However, Professionals Vertullo Real Estate agent Steve Taber said the suburb offered house hunters much more affordable waterfront properties compared to its neighbours. The property at 14 Gladiolus Court, Hollywell is on Professionals Vertullo Real Estate agent Steve Taber sold recently.“The strong portion of the market is dry houses though, between $700,000 and $1 million,” he said.Hope Island, Highland Park and Ormeau Hills also made the list of top performing suburbs in Queensland coming in 21st, 60th and 68th place respectively.center_img 1. Blackwater – 151.3 per cent2. Spring Mountain – 103.6 per cent3. Collinsville – 46.2 per cent4. Minyama – 45.8 per cent5. Hamilton – 32.9 per cent6. Hollywell – 30.5%7. Miles – 23.5 per cent8. Mount Coolum – 21.9 per cent9. Dundowran Beach – 21. 5 per cent10. Boonah – 21.3 per cent(Source: REIQ QMM June 2018) Four Gold Coast suburbs recorded double digit capital growth over the past year, according to a new REIQ report.A GOLD Coast suburb has recorded a surprising surge in property value over the past year, making it one of the top performing suburbs in Queensland.Hollywell recorded 30.5 per cent capital growth in the 12 months to June, according to latest Real Estate Institute of Queensland research.The northern suburb, which now has a median price of $810,000, claimed sixth place on a list of 68 Queensland suburbs that recorded double digit capital growth during the period.Property experts were surprised by the jump, explaining it was a relatively small suburb with a low population.However, Harcourts Coastal Broadbeach agent Tim Zampech, who owned a property in the area with his family, understood the appeal. TOP PERFORMING SUBURBS IN SOUTHEAST QLDlast_img

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