Revealed: Coast’s $75.45B $ debt-free property pool

Unsecured homeowners on the Gold Coast sit on a $7.45 billion property gold mine, and new data show some unexpected unbounded housing wealth throughout the city.

However, as these debt-free enclaves grew, young buyers did not enter emerging mom and dad banks and found it difficult to break into markets dominated by equity-rich owners.

Suburban analysis from the census and current market data shows that 43% of all private homes in the family-friendly Burley waters are directly owned – a total of debt-free real estate estimated at $297 million. This makes it the top suburb of the Gold Coast unsecured housing wealth.

Retirees Haven Hope Island Following, where 42% of homeowners also have no mortgages, unsecured value of 2.93b, while in the out-of-control Bay, 50% of owners are debt-free and have a total wealth of $2.21b

The top 10 are: Mermaid Waters ($2.58B), Robina East ($2.51B), Palm Beach ($2.5B), Broadbeach Waters ($2.28B), Paradise Point-Hollywell (2.28b), Surfers Paradise-North ($2.23B) ($2.23B) and TAMBORINE-CANUNUNGRA ($2.1118B)

A total of 11,748 homes and 6,141 units are directly owned compared to apartments, reflecting the value of a separate house and ownership of a longer detached house that can often be used as a stepping stone for the first home buyer or investment or a second home.

Suburban founder Kent Lardner said that suburbs with higher ownership of homes without mortgages tend to be “more stable, less susceptible to interest rate changes and experience lower housing turnover.”

“These areas usually have older long-term homeowners who have established significant equity, which means they are unlikely to sell and keep supply tight,” Mr Lardner said.

Mr Radner also pointed out that the region’s unsecured interests have risen this year.

“A key shift is that in affordable, high-growth areas, not just high-lifestyle markets, thorough property wealth is growing the fastest,” he said.

Across the state, Townsville, Gladstone and Rockhampton, there are also drivers of large-scale home price growth and affordability.

“Another trend is that Southern Moreton Bay Islands, such as Brisbane and semi-rural areas, are attracting unrestricted wealth to declining agents and cash buyers for unsecured loans,” Radner said.

By contrast, the Gold Coast and Sunshine Coast suburbs have been stable, reflecting limited supply and already high value.

Top Wealth Hotspots effectively act as a collective bank for moms and dads, full of fairness and are ready to help the next generation crack the overheated real estate market.

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“Generational Wealth is now one of the biggest factors in determining home ownership, especially in high-end suburbs. Family Wealth can fund deposits, reduce borrowing costs or provide loan guarantees, giving a major advantage to those who own the property, parents who own the property.”

Instead, young buyers without family support face longer leases, higher mortgage debt and greater financial pressure.

“If there is no property wealth to pass, the younger generation may simply not be able to enter the market, thus increasing the gap between those who inherit property wealth and those who are still locked in,” Radner said.

“If this trend continues, home ownership is likely to become a privilege, not the goal of all Australians.”

Possible solutions include incentives to reduce volumes to increase supply, expanding resident buyer aid, and planning to reform high-density housing in high altitude areas.

“Without intervention, property may be increasingly inherited, limiting the economic mobility of future generations.”