Property investors who have had real estate in Broadbeach, 4218 should be ok 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 0.10%
The five-year average increase in median property values for Broadbeach,4218 has given property investors a potential capital gain of 21.64% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.79% offered to property buyers. Sellers in Broadbeach itself are offering an average vendor discount of -5.53% to real estate investors.
Often selling an investment property can take time, and in Broadbeach the average time real estate has been on the market is 110.936 days.
Property investors should expect to get $440 weekly from the median priced house in this 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.