Suburb Profile Report for Broadbeach Waters QLD (4218)

Broadbeach Waters House: Median price $1,100,000, Annual capital growth 3.17%, Number of sales 161, Weekly median advertised rent $760

Broadbeach Waters Unit: Median price $495,000, Annual capital growth 2.34%, Number of sales 51, Weekly median advertised rent $500

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Broadbeach Waters is an average performer in QLD when comparing median price capital growth over the last year. Broadbeach Waters gave property investors a average capital gain figure when compared to the rest of the state, with -0.36%.

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.

Property buyers and investors in Broadbeach Waters 4218 should be seeing an average reduction in asking price of around -9.19% . This means that Broadbeach Waters is holding prices well when compared to other suburbs in QLD.

With the median price for a house in Broadbeach Waters being $1100000 and the advertised rent reaching $760 the gross rental yield for property investors calculates out to be 3.59%

QLD has seen average median house prices change by -0.57% which means that Broadbeach Waters, 4218 has not done well for property investors by showing a capital gain of 6.45% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Broadbeach Waters comes in at number 106th in QLD.

Vendor discounting in Broadbeach Waters is giving property investors an average Vendor Discount of around -7.84%. This puts suburb at number 42th in QLD when ranking the most discounted suburbs.

In the last year 51 properties changed hands in Broadbeach Waters, which puts it as the 115th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Broadbeach Waters being $495000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 5.25%

Metrics i HOUSE UNIT
$1,100,000 $495,000
-3.51% 0.00%
-0.36% 6.45%
3.17% 2.34%
$760 $500
161 51
3.59% 5.25%
94.9327731092437 112.026315789474

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (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
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