Suburb Profile Report for Broadbeach QLD (4218)

Broadbeach Unit: Median price $530,000, Annual capital growth 2.03%, Number of sales 342, Weekly median advertised rent $440

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

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

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If you compare the increase in value of investment property in Broadbeach, 4218 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.92%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Broadbeach has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Broadbeach is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 72th in terms of most discounted suburbs in QLD

Advertised rents are around the $440 mark per week – giving a return of 4.32% based on the median price in Suburb

Information supplied by:


November 2017

M
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W
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Occupancies rise in growing suburb

Postcode: 4218

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.

Metrics i HOUSE UNIT
N/A $530,000
N/A -2.30%
N/A 1.92%
N/A 2.03%
N/A $440
N/A 342
N/A 4.32%
N/A 98.588785046729

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

DSR Score for property investment : Poor (H), Above average (U)
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Demographics
Total population 4613
Median household income ($/weekly) 1028
Median age of persons 37
Median housing loan repayment ($/monthly) 1746
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 567 12.3
    25-34 years 1130 24.5
    35-44 years 568 12.3
    45-54 years 505 10.9
    55-64 years 563 12.2
    Others 1280 27.7
    Age Group
    Census Count Percent(%)
    Not Married 1807 52.4
    Registered Married 1116 32.4
    Defacto Relationship 524 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2434 61.1
    Indonesia 108 2.7
    Papua New Guinea 439 11.0
    United Kingdom 238 6.0
    Other 247 6.2
    Others 515 12.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 107 2.8
    Christianity 2531 66.0
    Hinduism 67 1.7
    Other Religious Groups 97 2.5
    No Religion 952 24.8
    Others 83 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 191 9.9
    $600-$799 220 11.4
    $800-$999 215 11.2
    $1,250-$1,499 189 9.8
    $1,500-$1,999 254 13.2
    Others 857 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1525 41.0
    Not in the labour force 1165 31.3
    Employed, worked part-time 722 19.4
    Unemployed, looking for work 181 4.9
    Employed, away from work 126 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 341 14.4
    Professionals 442 18.6
    Technicians & trades workers 319 13.5
    Community & personal service workers 323 13.6
    Sales 318 13.4
    Others 628 26.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 113 18.2
    Secondary 72 11.6
    Technical or Further Educational Institution 118 19.0
    University or other Tertiary Institutions 251 40.5
    Other type of educational institution 57 9.2
    Others 9 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3668 96.5
    Semi-detached, row or terrace house, townhouse 87 2.3
    Separate house 48 1.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1196 58.0
    Fully owned 510 24.7
    Being purchased 343 16.6
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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