Suburb Profile Report for Broadbeach Waters QLD (4218)

Broadbeach Waters House: Median price $1,050,000, Annual capital growth 5.40%, Number of sales 215, Weekly median advertised rent $650

Broadbeach Waters Unit: Median price $470,000, Annual capital growth 2.55%, Number of sales 71, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Broadbeach Waters, 4218 should be 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 26.51%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Broadbeach Waters has increased when compared to the 5 year average annual rate.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Broadbeach Waters itself are offering an average vendor discount of -7.96% to real estate investors.

With the median price for a house in Broadbeach Waters being $1050000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.22%

Broadbeach Waters, 4218 ranked 68th in QLD when comparing growth in median property values or capital gain over the last 12 months. Broadbeach Waters is one of 2415 in our list for QLD

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Broadbeach Waters has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Broadbeach Waters is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 43th in terms of most discounted suburbs in QLD

The QLD suburb of Broadbeach Waters, 4218 is in the Gold Coast local government area.

HOUSE UNIT
$1,050,000 $470,000
6.01% -1.67%
26.51% 8.67%
5.40% 2.55%
$650 $390
215 71
3.22% 4.31%
86.96 118.45

Source: CoreLogic

DSR Score for property investment : Good (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