Property investors who have had real estate in Broadbeach, 4218 should be relatively unhappy 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 0.95%
Over the longer term, Broadbeach has seen property prices show investors a 1.92% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Broadbeach, 4218. Typically our figures indicate that -6.07% is being offered, which puts this QLD suburb at 102th most discounted overall in Australia.
Residents and property investors in Broadbeach have been waiting around 110.026 days to sell a property.
Advertised rents are around the $430 mark per week – giving a return of 4.22% based on the median price in Suburb
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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.