Over the last year, property investments in Broadbeach, 4218 have given investors a capital gain of 0.49%. This compares averagely with the -0.57% for QLD as a whole.
While Broadbeach,4218 ranked number 222th in QLD for increase in median house value (annualised) increase, it is ranked 93th over the last 5 years.
Sellers are offering property buyers an average discount of -7.05% to buyers in Broadbeach at the moment, which is less than average for the rest of QLD.
The QLD suburb of Broadbeach, 4218 is in the Gold Coast (C) local government area.
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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.