Suburb Profile Report for Broadbeach Waters QLD (4218)

Broadbeach Waters House: Median price $1,100,000, Annual capital growth 3.78%, Number of sales 210, Weekly median advertised rent $695

Broadbeach Waters Unit: Median price $435,000, Annual capital growth 3.04%, Number of sales 83, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Broadbeach Waters has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.53%

While Broadbeach Waters,4218 ranked number 318th in QLD for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.

Property investors looking for a bargain in Broadbeach Waters should be aiming for at least -8.24% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Broadbeach Waters have been waiting around 77.96 days to sell a property.

With the median price for a house in Broadbeach Waters being $1100000 and the advertised rent reaching $695 the gross rental yield for property investors calculates out to be 3.29%

With a capital gain of -9.00% for the last 12 months, Broadbeach Waters, 4218 has performed for property investments than its average annual 3.04% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Broadbeach Waters comes in at number 75th in QLD.

Sellers are offering property buyers an average discount of -5.56% to buyers in Broadbeach Waters at the moment, which is less than average for the rest of QLD.

On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.

Situated 60.05km from the CBD, Broadbeach Waters is one of Gold Coast localities in the postcode 4218.

Metrics i HOUSE UNIT
$1,100,000 $435,000
1.38% -3.87%
3.53% -9.00%
3.78% 3.04%
$695 $500
210 83
3.29% 5.98%
77.96 69.79

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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
Chart Table
Recent sales & rentals