Giving property investors a a solid capital gain of 29.67% for the last year, Broadbeach, 4218 is the 119th highest performer in Australia in this respect.
Across a shorter period, Broadbeach, 4218 has seen a median price increase of 10.13% over the last quarter.
Our latest figures would indicate that property sellers in Broadbeach are currently offering property investors an average price cut of -9.50% below the asking price at the moment.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
Broadbeach has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.51% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Broadbeach has increased when compared to the 5 year average annual rate.
Vendor discounting in Broadbeach is giving property investors an average Vendor Discount of around -6.89%. This puts suburb at number 107th in QLD when ranking the most discounted suburbs.
Situated 73.86km from the CBD, Broadbeach is one of Gold Coast (C) localities in the postcode 4218.
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 improvementFull summary
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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.Close