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28 Aug, 2020

What is the Cost of Living in Gold Coast?

Gold Coast is one of the most vibrant destinations in Australia. On the one hand, it offers excellent sunny weather, breathtaking Cost line with several famous surfing spots and lush, green Hinterland.

On the other hand, you get a happening nightlife, an extensive range of top-class restaurants with delicious food, dance clubs, bars, and popular theme parks like Warner Bros. Movie World, Sea World, Dreamworld, Wet‘n’Wild, etc. That is why it attracts over 12 million visitors every year.

This place is considered as a strong tourism hub, but many Australians also visit Gold Coast every year with a desire to settle down here. It is because this place is quite affordable in comparison to other capital cities like Sydney and Melbourne.

Besides the affordability factor, it also offers good educational facilities, medical facilities and good employment opportunities. If you are planning to relocate here with your family, then you are making a good decision. However, before you move, you must research about the place properly so that you can smoothly move and settle down without any such hassles.

Cost of living is the most critical factor when you plan to relocate to a new city. If you are planning to move Gold Coast from any expensive capital city, then you are most likely save a lot of money. To relocate safely and efficiently to this part of Queensland, hire reliable removalists in Gold Coast. Cost of living includes all the expenses that you need to take care to survive in a city. From accommodation, education and medical to transportation and food and utility, everything is included in this cost.

If you are planning to move to this place anytime soon, then here is detailed information on the cost of living in the Gold Coast. Let’s have a look!

Housing Cost in Gold Coast

One of the main reasons why people prefer to move to the Gold Coast is it offers affordable accommodation to the people. The median house price in Australia is $809,349, while the median house price in Gold Coast is around $630,000. If you compare the price with big cities like Sydney, Melbourne and Canberra, you will find how affordable Gold Coast is.

So, if you are planning to purchase your own house in this place, then you are making the right choice. However, experts believe that if you are moving to a new place, then instead of buying, you should settle down in a rental property. It will not only save your money but allow you to analyse the right place to invest your money. Gold Coast is also an excellent option for tenants.

Gold Coast Suburbs with Cheapest Rentals

The median rent in Gold Coast is $485 per week. There are numerous suburbs where you will find a rental property at an affordable price. If you want to save money further, then hire cheap removalists in Gold Coast. They help you to accomplish your relocation in a stress-free manner and make sure your belongings are safe. Here are some suburbs in Gold Coast with cheapest rentals.

Pimpama: The median rent in Pimpama is $430 per week, which attracts a lot of people to move there. The total population is more than 9k, and 69% of families have children.
Coomera: It is another suburb that offers cheap rental property. The median house rent here is $435 PW. Thus, 61% of the people live in the rental house. It has a population over 13k.
Ormeau: This suburb is the home of 14k people, and almost 50% of the families live on rent. The median house rent in Ormeau is $440 PW.
Upper Coomera: The median rent in Upper Coomera suburbs is $450 PW. Thus a lot of people prefer to stay here. The population in this place is more than 25k.
Coombabah: this suburb offers a lot of greenery with 43 parks, which cover 60% of the total area. The median rent is $443 PW and a population of more than 10k.

Education in Gold Coast

If you are planning to move for the education of your children in the Gold Coast, then you are making the right choice. Hire professional removalists in Gold Coast to carry out your moving process, so that you can spend more time in the research of the right school. Like other parts of the country, here also you will find two main types of schools for children – public or state schools and private schools!

If you are enrolling your kids to public schools, then you don’t have to pay anything but private schools, on the other hand, charges annual fees as per their reputation on the market. The Southport School (TSS) is the most expensive school in the Gold Coast, where the parents pay around $23k annually. So if you are planning to opt for the private school, be ready to spend around $1000 to $1500 per month.

As per Queensland government, there are 1249 state schools in Queensland while 530 independent and catholic schools. So a huge number of people can easily opt for the public school education system. There are also some excellent universities like Bond University, Griffith University, Southern Cross University, and Central Queensland University.

Food and Utility Cost in Gold Coast

If you are in the Gold Coast, then you don’t need to worry about your daily meals. When it comes to delicious food in decent quantity, this place quite affordable! Eating well in this part of Queensland is not a problem because the area has an extensive range of restaurants that services all kinds of cuisine, keeping in mind every budget and taste. You can hop into a cafe to have lunch, and all you need to spend is around $12 to $15.

The dinner can be a little costlier than the lunch because it could be closer to $20 to $25 for an individual. If you opt for a combo meal in any fast-food restaurants, you can easily make it for around $10 to $12. If you want more quantity at a cheaper price, you can cook in your home. 1 kg of chicken breast will cost you around $8.50, while a kg of rice is around $3.

In some places in Gold Coast, the rental amount includes the utility charges while at some other places, the utility is excluded. The Basic utility that includes electricity, heating, cooling, gas, water, internet, etc. will cost you around $250.

Medical Expenses in Gold Coast

Before your relocate to the Gold Coast, it’s important to know about the medical expenses. Like any other place, the combination of Medicare, health insurance of private companies and personal payments covers the treatment cost of a patient in a public and private hospital. Medicare is a universal health insurance plan in Australia. It guarantees the citizen of Australia to access to an extensive range of health as well as hospital services at a minimum price or no cost at all.

These services include medical services by doctors, specialists and other health professionals, hospital treatment, prescribed medicines. Australian visits General Practitioners more than 150 million times and Medicare help to pay for these visits. People who do not have this facility have to partner with private medical insurance in the Gold Coast, which will cost you around $2000 to $3000. However, it is essential because it will protect you and your family.

Transport Cost in Gold Coast

If you want to travel around the Gold Coast, then you have several affordable options. These options include buses, trains, taxis, tram, ferry and water taxis. People usually opt for the most affordable options, which are buses, trams and trains. A single ticket crossing only one zone will cost you $2.20.

The G: link light rail system, also runs on the same cost per zone system and the single zone tickets is $4.80. Pass for a day will cost $10 for adults and $5 for children between 5 year and 14 years. Children under 5 can travel for free. Go Card is a standard card that permits you to travel on all the TransLink trains, buses, and ferry services.

The Bottom Line

From stunning beaches and lush rainforests to fantastic restaurants, bars, theme parks, several places to visit, Gold Coast has everything. This place also takes care of the essential requirement of a person – Accommodation, employment, education, health, and food.

It’s not hard to understand why the Gold Coast has emerged as one of the fastest-growing cities in Australia. In simple terms, it is as good as any other capital cities in the country, but the cost of living is low, so everyone can afford to move here and settle down.