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Location Spotlight | Broadbeach Waters
Posted: 24th August 2020
Posted in: Media
When it comes to Gold Coast real estate, there a few locations capable of offering more than Broadbeach Waters. Situated in the middle of the Gold Coast’s 60 kilometre stretch of coastline, Broadbeach Waters encapsulates the idyllic Gold Coast lifestyle with boating, beach, bars and boutiques all within a short distance, along with a range of other sought-after facilities.
The top three life-stage segments are established couples and families (adult age of 45-54), who make up 17.5% of Broadbeach Waters residents. They are followed by older couples and families (adult age 55-64) who account for 16.7% of residents, and elderly couples (aged 65+) who make up 11.4% of locals. Broadbeach Waters has a 75%-25% ratio of home-owners to renters. The suburb has approximately 8,000 residents, with a median age of 42. The median household weekly income is $1,250, and the average household size is 2.5 persons.
Real Estate Value
The median house price over the past twelve months is $1,218,000, whereas the equivalent price for units is $472,875. Looking at the rental market, the median weekly rent for the suburb is $743. Over the past ten years, Broadbeach Waters has delivered an average yearly capital gain of 3.51% for houses. Looking at the past twelve months, the suburb has delivered a gain of 2.76%, which is comparable to the rest of Queensland. Unit price trends are a little different, with a slight drop in value compared with the broader Queensland median price. Over the past ten years, Broadbeach Waters units have shown an average yearly capital gain of 0.46%. This figure has been heavily influenced by the past twelve months, which has resulted in a median price reduction of -10.61%.
Realestate.com lists Broadbeach Waters as a ‘high demand market’, with each listed property receiving an average of 1,085 webpage visits, compared to 577 webpage visits for properties throughout the rest of Queensland. There have been 186 properties sold in the past twelve months. The average listing period for houses is 91 days, and 115 days for units. The average price discount for all properties was -6.78%.
Broadbeach Waters is approximately 5.3 square kilometres, with 21 parks that cover around 6.9% of its total area. It is bordered with Bundall to the north, Carrara to the west, Broadbeach to the east and both Mermaid Waters and Clear Island Waters to the south. It is situated 78 kilometres from Brisbane CBD, 7 kilometres from Southport, 26 kilometres from Coolangatta, and 90 kilometres from Byron Bay.
Facilities and Attractions
The vast majority of properties in Broadbeach Waters hold prime waterfront locations, with the sprawling canal system providing close access to the Nerang River.
Nearby Broadbeach offers plenty of sand, sun and surf, as well as some of the Gold Coast’s most loved bars, restaurants, shopping and nightlife, including The Star casino. Pacific Fair and the Oasis cater for all shopping needs. Broadbeach Waters is close to a range of both state and private schools, parks and sporting facilities. It’s located 9 kilometres from Robina Railway Station, and only a short distance from Broadbeach North and South light rail hubs. It also enjoys easy access to both Southport-Burleigh Road and the Gold Coast Highway, ensuring fast connections when driving north and south.
Broadbeach Waters continues to be one of the Gold Coast’s most exclusive and in-demand locations due to its proximity to waterways, beaches, entertainment, retail and schools. Demand for property in the area will likely remain strong.
10 Lotus Key, Broadbeach Waters
19 River Crescent, Broadbeach Waters
3 Rio Vista Boulevard, Broadbeach Waters
2/11 Beverley Crescent, Broadbeach Waters
9 Rebecca Court, Broadbeach Waters