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.