At number 742th in the list of Australian suburbs ordered by increase in median house value over the last year, Broadbeach, 4218 is in the top half with a property value increase of 4.41% recorded in median house prices.
If we look at median property appreciation over just the last three months, Broadbeach has given property investors a paper return of 1.21%. This puts Suburb as 155 on a list of fastest fasting appreciating suburbs in QLD
Our latest figures would indicate that property sellers in Broadbeach are currently offering property investors an average price cut of -5.93% below the asking price at the moment.
Often selling an investment property can take time, and in Broadbeach the average time real estate has been on the market is 103.333 days.
Advertised rents are around the $430 mark per week – giving a return of 4.10% 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.