Property investors who have had real estate in Broadbeach, 4218 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.11%
Taking the average capital gain, or increase in median house value, Broadbeach,4218 has racked up an average of 11.11% over the period. This ranks it number 654th in the whole country for real estate investors looking at median house price increases.
Broadbeach4218 is located in QLD which offers an average discount of -4.64% to property investors. Broadbeach itself is showing figures that indicate -5.24% is the average achievable by property buyers investing in the suburb.
In the last year 664 properties changed hands in Broadbeach, which puts it as the 3rd most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $450 mark per week – giving a return of 4.00% based on the median price in Suburb
Information supplied by:
Occupancies rise in growing suburb
Median house price: $525,000
Vacancy rate: 3.4%
Three-year growth: 12.7%
Broadbeach offers beautiful beaches, regular markets and gourmet dining, making it a popular destination with locals and tourists alike. Its average vacancy rate has fallen significantly, from 5.1% last year to just 3.4% this year, which although a huge drop, still has room for improvement.
Known affectionately as “Broadie” to locals, this suburb was once in the shadow of the more popular Surfers Paradise, but it has since been loaded with amenities. The Pacific Fair shopping centre makes its home here, and Broadbeach Mall is a favourite haunt of street artists and foodies. The Star Casino is currently undergoing a massive renovation as well.
Transportation is convenient, as the suburb is connected to the Gold Coast Highway. Surfers Paradise and Southport can be reached by light rail, and the buses stopping at Broadbeach South bring commuters to Gold Coast Airport.