Broadbeach is in the bottom 20% in QLD when comparing median price capital growth over the last year. Broadbeach gave property investors a dismal capital gain figure when compared to the rest of the state, with 7.02%.
Broadbeach,4218 was ranked 2293 in Australia by increase in median property value over the quarter.
At number 205th of QLD’s most discounted properties, Broadbeach is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Broadbeach is 346th on a list of best yielding suburbs for rents in QLD with a 4.39% return
With a capital gain of 27.78% for the last 12 months, Broadbeach, 4218 has performed for property investments than its average annual 1.32% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Broadbeach,4218 has racked up an average of 27.78% over the period. This ranks it number 1215th in the whole country for real estate investors looking at median house price increases.
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 -2.24% is being offered, which puts this QLD suburb at 947th most discounted overall in Australia.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 1.32%, investors should hope to achieve an overall return of 3.01%
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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.