Suburb Watch: Tallebudgera Valley, Queensland
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Suburb Watch: Tallebudgera Valley, Queensland

Outside Queensland’s Gold Coast — a relaxed, leafy lifestyle.

By Sue Wallace
Tue, Sep 14, 2021 10:12amGrey Clock 5 min

Tallebudgera Valley, tucked away in Queensland’s Gold Coast hinterland may be compact but it has plenty of swagger when it comes to luxury properties and swoon-worthy scenery.

Sprawling mansions with ocean glimpses, trophy homes with knockout valley views and cute farm houses with horse paddocks overlooking emerald-green tree-covered hills and mountain tops can be found.

Nature in all her glory stars here, offering a relaxed lifestyle favoured by wealthy business leaders, investors, families, retirees and farmers. Tumbling waterfalls, ancient rainforest and the sparkling Tallebudgera Creek that flows from the plateau to the sea make it a nature lovers’ haven. Meanwhile, several health retreats and eco resorts sit on ridges overlooking bushland while white sandy beaches are just a 15-minute drive from the valley.

The International Gold Coast Airport is a 15-minute drive, and it is a one-hour drive to the International Brisbane Airport.

Boundaries

A Gold Coast suburb, Tallebudgera Valley is bordered by Tallebudgera to the southeast and is surrounded by the suburbs of Austinville, Bonogin, Burleigh Heads, Currumbin Valley, Dungay, Numinbah, Reedy Creek, Springbrook and Upper Crystal Creek. Burleigh Heads National Park is on the southwestern border.

Price Range

House prices begin at about $1.664 million and hike to $2.1 million on average, according to Eliza Owen, property data company CoreLogic’s head of research.

The median house value for the suburb was $1.477 million as of July, reflecting a rise of 40.9% year over year—higher than the appreciation across the broader Gold Coast. The 12-month growth rate is the highest rate of appreciation in more than a decade. In his current portfolio, John Fischer of PRD Burleigh Heads Real Estate, lists a five-bedroom, two-bathroom house with a pool on 3.61 acres in Tallebudgera Valley for $2.2 million.

Housing Stock

Unlike denser areas of the Gold Coast, Tallebudgera has fewer houses for sale.

Even though stock is relatively high (10.2% compared with a Gold Coast suburb average of 8.5%), there were only 13 listings counted on the market across the area in July, the latest data available, Ms. Owen said. This compares to a Gold Coast suburb average of 37 properties.

Tallebudgera Valley is known for its picturesque lifestyle properties ranging from 5 acres to 20 acres with sprawling five-to-eight-bedroom contemporary-style houses and multi-garages. They often feature large pools and extensive manicured gardens with stunning valley views.

Mr. Fischer said equestrian lovers are well catered for with some properties home to horse paddocks, stables and training areas.

There are also 2-to-4-acre properties with extensive houses and smaller house blocks can be found in the village.

“Some investors are buying properties with older style homes and knocking them down to rebuild modern dwellings,” Mr. Fischer said.

What Makes It Unique

Stunning scenery, plenty of space and a great sense of community, that’s the appeal of Tallebudgera Valley, Mr. Fischer said.

“It’s a beautiful part of the world and there is lots of camping, swimming, picnicking, kayaking, fishing and horse-riding and it is close to the beaches,” he said.

Ms. Owen echoed that sentiment.

“It’s a family-orientated area with bigger house properties where kids can have their horses,” she said.

“At a time when people in lockdown can’t access gyms, parks, bars, community pools and shared workspaces, large properties may inspire people to incorporate these kinds of spaces on their own property.

“For the money you pay in Tallebudgera Valley, I think interstate buyers in large cities, like Sydney and Melbourne in particular, would see the value in such properties, presuming the location was convenient through remote work,” she said.

Pool and terrace view in a Tallebudgera Valley luxury home.
PRD Burleigh Heads

Luxury Amenities

While Tallebudgera Valley has a small village, it is a short drive to great shopping and restaurants and a choice of excellent schools.

Tallebudgera State School, St. Andrews Lutheran College, All Saints, Silkwood, St. Hilda’s Girls School and Southport Boys School cover kindergarten through secondary school.

Pacific Fair Shopping Centre, on the Gold Coast Highway at Broadbeach, has luxury shops including Hermes, Givenchy, Gucci, Chanel and Bvlgari and multi-brand stores Billabong, Polo Ralph Lauren and Gant. Nearby Robina has a David Jones department store and Burleigh Heads’ James Street is known for its quaint boutiques, including Miss Brown Vintage and Maison & Maison.

Golosi Food Emporium on James Street offers artisan food and you can stock up on fresh fruit and vegetables at local farmers markets.

Dining options include the trendy beach-side Rick Shores at Burleigh Heads with waterfront views and wave serenades—the fried bug rolls have a following. Soak up the sunny vibes and watch keen surfers at Burleigh Pavilion and The Tropic with its open kitchen.

Renowned, former Sydney chef Alex Labart creates memorable feasts at the sleek Labart in Burleigh Heads.

Spy on kangaroos grazing nearby as you indulge in organic produce under giant 100-year-old fig trees at Pasture & Co in nearby Currumbin Valley.

Custard Canteen with its pretty red and white striped umbrellas, serves signature Portuguese tarts and other treats, just a few sandy steps from Tallebudgera Creek.

For cocktails, head to Lockwood Bar and Justin Lane Rooftop, while Iku Yakitori and Whiskey Bar serve Japanese-inspired cocktails and whiskeys.

Golf fans have the pick of three golf courses and a driving range in the region, plus world-class golf courses, RACV Royal Pines Resort and the Links Hope Island, a little further afield.

Right in town, the Tallebudgera Village has the Man on the Bike Pizza Cafe, supermarket and several shops.

Who Lives There

Mr. Fischer said business leaders, IT specialists, investors, artists, retirees and families favoured living in the valley. Tallebudgera which means “good fish” is often shortened to Tally Valley by locals.

Notable Residents

Global real estate tycoon Riyu Li has his 10-bedroom, six garage sumptuous mansion dubbed Bellagio La Villa on the market for A$33 million with Amir Prestige Real Estate.

Outlook

It will be hard for this market to sustain the current rate of price growth, but values will continue to rise, Ms. Owen said.

“The region could still see value increases, just not at such a strong rate, driven by ongoing demand against the underlying scarcity of housing in the area,” she said.

“Covid has forced a lot of firms to accept remote work, and this has amplified demand for lifestyle properties in more secluded areas.”

Lifestyle markets that offer large properties have been the highest-performing regions in the past 12 months in terms of capital growth, and house markets have vastly outperformed apartment markets.

“Alongside that, Covid has stimulated housing demand more broadly through low interest rates (a global phenomenon), high levels of savings accumulated during lockdowns, and remote work prompting a lot of people to seek their own home,” she said.

Eliza Owen said persistently low mortgage rates have put most Australian housing markets into a broad-based upswing.

“The enablement of remote work, coupled with many regional populations ‘staying in place’ amid lockdowns in cities, has amplified the usual internal migration trends in Australia,” she said.

Comparing ABS migration data for the March 2020 quarter with March 2021, there has been a 36.8% uplift in departures from Melbourne to regional Queensland.

As Mr. Fischer said, the beautiful Tallebudgera Valley looks set to sizzle for the next couple of years, in all its natural glory.

Reprinted by permission of Mansion Global. Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: September 11, 2021.



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We reveal the No. 1 areas for price growth in each capital city

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Home values across Australia rose by a median 8 percent in FY24, delivering the equivalent of $59,000 in new capital growth to the two-thirds of the population that owns a home, according to CoreLogic data. Investors received total returns of 12.2 percent over the year, including capital gains and gross rental income.

Very tight supply and demand in most capital cities except Melbourne and Hobart was a significant driver of the capital growth, with the smaller and more affordable capital cities of Perth, Brisbane and Adelaide experiencing the most price appreciation over the year. A lack of properties for sale trumped the usual dampening effect of higher interest rates.

As usual, some areas outperformed their city’s median growth benchmark. Here are the top SA3 areas for capital growth in each capital city of Australia in FY24. SA3 areas are large suburbs, or districts incorporating clusters of suburbs, with more than 20,000 residents.

 

Sydney

Home values across Sydney rose by a median 6.3 percent in FY24. The No. 1 area for growth was Mount Druitt. Its median value rose by 13.96 percent to $859,939. Mount Druitt is located 33km west of the CBD. It incorporates the suburbs of Mount Druitt, Ropes Crossing, Whalan and Minchinbury. The Mount Druitt community is very multicultural with almost one in two residents born overseas. It is home to many young families, with the median age of residents being 33 compared to the NSW median of 39.

 

Melbourne

Home values across Melbourne rose by a median 1.3 percent in FY24. The top area for capital growth was Moreland-North with 4.71 percent growth. This took the district’s median home value to $746,488. Moreland-North includes the suburbs of Hadfield, Pascoe Vale and Glenroy. It’s a multicultural community with a particularly large contingent of residents with Italian ancestry. One or both parents of 66 percent of residents were born overseas, according to the 2021 Census.

 

Brisbane

Home values across Brisbane rose by a median 15.8 percent in FY24. The No. 1 area for growth was Springwood-Kingston in Logan City. Its median value swelled by 25.55 percent to $710,569. Springwood-Kingston is approximately 22km south of Brisbane CBD. It incorporates the suburbs of Springwood, Kingston, Rochedale South and Slacks Creek. It is a multicultural community with one or both parents of 55 percent of the residents born overseas, according to the 2021 Census. More than 15 percent of residents have Irish or Scottish ancestry.

 

Adelaide

Home values across Adelaide rose by a median 15.4 percent in FY24. The best area for capital growth was Playford in Playford City. Its median value soared by 19.94 percent to $530,991. Playford is approximately 40km north of Adelaide. It incorporates the suburbs of Elizabeth Downs, Elizabeth Grove, Angle Vale and Virginia. It is home to many young people under the age of 40. The median age of residents is 33 compared to the state median of 41.

 

Perth 

Home values across Perth rose by a median 23.6 percent in FY24. The No. 1 area for growth was Kwinana in Kwinana City. Its median value skyrocketed by 33.19 percent to $618,925. Kwinana is approximately 37km south of Perth CBD. It includes the suburbs of Leda, Medina, Casuarina and Mandogalup. Henderson Naval Base is located here and there is a significant community of servicemen and ex-servicemen living in the area. It is home to many young families, with the median age of residents being 33 compared to the state median of 38.

 

Canberra

Home values across the nation’s capital rose by a median 2.2 percent in FY24. The best area for capital growth was Weston Creek. Its median value rose by 5.24 percent to $937,740. Weston Creek is approximately 13km south-west of the CBD. It includes the suburbs of Weston Creek, Holder, Duffy, Fisher and Chapman. Approximately 43 percent of residents have a bachelor’s degree, which is on par with the ACT median but much higher than the national median of 26 percent. Household incomes are about 35 percent higher than the national median. Almost one in five residents work in government administration jobs.

 

Hobart

Home values across Hobart fell 0.1 percent in FY24. The top performing area for capital gains was Sorell-Dodges Ferry with 2.78 percent growth. This took the area’s median home value to $615,973. Sorell-Dodges Ferry is approximately 25km north-west of Hobart. It incorporates the suburbs of Richmond, Sorell, Dodges Ferry, Carlton and Primrose Sands. The area has a large community of baby boomers and retirees, with the median age of residents being 43 compared to the Australian median of 38.

 

Darwin

Home values across Darwin rose by a median 2.4 percent in FY24. The No. 1 area for growth was Litchfield. Its median value moved 3.21 higher to $672,003. Litchfield is about 37km south-east of Darwin and includes the suburbs of Humpty Doo, Acacia Hills and Southport.  It has a high proportion of middle-aged residents, with the median age being 39 compared to the territory median of 33. About 12 percent of residents are Indigenous Australians. The biggest industries are government administration and defence. Median household incomes are about 35 percent higher than the national median.

 

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