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Broadbeach Waters, QLD 4218

Home » QLD Real Estate Data » Gold Coast City, QLD » Broadbeach Waters, QLD 4218

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Broadbeach Waters, QLD 4218 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Broadbeach Waters, QLD 4218”

  1. The total adult population (15 years or older) of Broadbeach Waters 4218 QLD is 6,927, with a median age of 43. Of those, 45.60% are married, 13.27% are divorced or separated, 36.62% are single and 4.53% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,504. The median monthly mortgage repayment for households in this suburb is $2,600 which is 27.36% of their earnings.

    Source: ABS Census Data (2021)

  2. As we delve into the third quarter of 2023, houses in the desirable suburb of Broadbeach Waters, QLD (post code 4218) are an attractive proposition. Nestled among an estimated 3,925 households, typical prices for houses stand at an impressive $2,220,680, accompanied by a median weekly rent of $1,092, which reflects an indicative yield of 2.56%. Whilst this yield might be slightly below our recommended cashflow-focused threshold of 3%, its modest value is compensated for by the suburb’s numerous highly favourable metrics.

    Drilling into the socio-economic fabric of the suburb, the IRSAD score is substantially high at 1,076 out of 1,217, suggesting a resident populace with strong economic resources, high-income levels and a prevalence of skilled professions. The renter to owner ratio stands at a solid 23%, falling well under the risk threshold of 45%, and signalling a sturdy balance of rental and owner-occupied properties. This could suggest less competition for landlords and hence, better value for property investors.

    Further demonstrating a favourable investment milieu, the units to houses ratio is at a low 15%, indicating a more house-dominated property landscape, which traditionally appeals to long-term tenants such as families.

    Nevertheless, it’s worth noting the Affordability Index, currently standing at a considerable 92 years, indicating the extensive duration required for full ownership of a property. Even though this might intimate a higher level of unaffordability, it’s also testament to the desirability and high valuation of properties in this area.

    Supply side parameters too paint an encouraging picture. Housing stock on market Percentage is 0.61%, sitting within the acceptable range of 0.4% to 1.3%. Meanwhile, the inventory level for houses is quite favourable at 1.36 months, lending credence to the efficient absorption rate of new listings into the market. Strengthening this further is the building approvals Ratio for houses, which is a remarkably low 0.9%, indicating limited supply of new properties and hence, the potential for property value appreciation.

    On the demand side, it’s heartening to observe keen interest in properties within Broadbeach Waters. The impressive buy search index of 6 unquestionably signals high demand for houses. In tandem, the Days on the Market for houses averages a brisk 31 days, substantiating the high level of purchaser interest. While the vacancy rate includes both houses and units and stands slightly high at 3.73%, its proximity to the neutral demand range (1% to 3.5%) suggests it might not be a deal-breaker, especially when taking into account the suburb’s overwhelmingly favourable metrics.

    In conclusion, Broadbeach Waters, despite a few considerations such as the below-average yield and higher vacancy rate, exhibits many robust performance metrics which potentially signal a rewarding investment avenue, particularly for those focussed on the long term. For an all-encompassing perspective, consider the HtAG’s Relative Composite Score (RCS) that amalgamates over 80 metrics to render a comprehensive market understanding, simplifying your property investment research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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