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:
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.