Suburb Profile Report for Broadbeach Waters QLD (4218)

Broadbeach Waters House: Median price $1,030,000, Annual capital growth 4.70%, Number of sales 219, Weekly median advertised rent $650

Broadbeach Waters Unit: Median price $495,000, Annual capital growth 2.34%, Number of sales 67, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Broadbeach Waters has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.82%

Comparing Broadbeach Waters,4218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Broadbeach Waters is $1030000, with sellers offering an average of -7.44% off the asking price.

Residents and property investors in Broadbeach Waters have been waiting around 89.76 days to sell a property.

Broadbeach Waters is 710th on a list of best yielding suburbs for rents in QLD with a 3.28% return

QLD has seen average median house prices change by 1.12% which means that Broadbeach Waters, 4218 has done well for property investors by showing a capital gain of 12.50% over the last year

Broadbeach Waters,4218 has offered an average of 12.50% return per annum in house price rises to property investors over the last three years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Broadbeach Waters itself are offering an average vendor discount of -7.67% to real estate investors.

With the median price for a house in Broadbeach Waters being $495000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.41%

HOUSE UNIT
$1,030,000 $495,000
-1.90% 3.13%
20.82% 12.50%
4.70% 2.34%
$650 $420
219 67
3.28% 4.41%
89.76 108.07

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 7534
Median household income ($/weekly) 1257
Median age of persons 42
Median housing loan repayment ($/monthly) 2392
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 794 10.5
    25-34 years 868 11.5
    35-44 years 1079 14.3
    45-54 years 1087 14.4
    55-64 years 1026 13.6
    Others 2679 35.6
    Age Group
    Census Count Percent(%)
    Registered Married 2653 48.7
    Not Married 2203 40.4
    Defacto Relationship 597 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4847 71.6
    Papua New Guinea 561 8.3
    South Africa 75 1.1
    United Kingdom 431 6.4
    Other 280 4.1
    Others 574 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 78 1.2
    Christianity 4999 76.2
    Islam 37 0.6
    Judaism 39 0.6
    No Religion 1373 20.9
    Others 35 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 253 10.4
    $600-$799 244 10.1
    $800-$999 228 9.4
    $1,500-$1,999 253 10.4
    $2,500-$2,999 229 9.4
    Others 1219 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2013 35.6
    Employed, worked full-time 2005 35.4
    Employed, worked part-time 1196 21.1
    Unemployed, looking for work 237 4.2
    Employed, away from work 210 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 556 16.3
    Professionals 662 19.4
    Technicians & trades workers 503 14.8
    Clerical & administrative workers 488 14.3
    Sales 426 12.5
    Others 772 22.7
    Occupation
    Census Count Percent(%)
    Pre-school 85 6.3
    Infants/Primary 541 40.1
    Secondary 346 25.6
    Technical or Further Educational Institution 104 7.7
    University or other Tertiary Institutions 233 17.3
    Others 40 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5516 81.7
    Semi-detached, row or terrace house, townhouse 728 10.8
    Flat, unit or apartment 504 7.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1033 39.1
    Being purchased 976 37.0
    Rented 621 23.5
    Other tenure type 10 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals