What you need to know about the Gold Coast waterfront statistics…
In recent years, the Gold Coast waterfront has seen significant growth, with new developments and increasing demand for properties in the area. As a result, it’s become an attractive destination for investors and homebuyers alike. In this blog post, we’ll take a closer look at the latest growth statistics for the Gold Coast waterfront and provide an overview of some of the suburbs in the area. Whether you’re a property investor or simply interested in keeping up with the latest trends, this post will give you valuable insights into the Gold Coast waterfront market. You can also read Why Buyers Agents Like To Work With Mortgage Brokers here.
Broadbeach Waters:
Broadbeach Waters is a prime waterfront location that is situated between Mermaid Waters and Surfers Paradise. It features a mix of luxury homes, townhouses, and apartments with direct water access. The area has seen steady growth in property values over the years, and is highly desirable for its proximity to Broadbeach’s restaurants, cafes, and shopping precincts.
Lifestyle:
The suburb is renowned for its waterways and offers a range of activities for water lovers, including boating, fishing, and kayaking. There are several parks and green spaces in the area, including Kurrawa Pratten Park, Albert Park, and Cascade Gardens. The Gold Coast Convention and Exhibition Centre is also located in the suburb, which hosts major events throughout the year, such as the Gold Coast Home Show and Supanova Comic Con.
Shopping and Dining:
Broadbeach Waters is close to several major shopping and dining precincts, including Pacific Fair Shopping Centre, The Star Gold Coast, and Broadbeach Mall. These areas offer a wide variety of shops, restaurants, cafes, and bars, catering to all tastes and budgets.
Education:
Broadbeach Waters is home to several well-regarded schools, including St Vincent’s Primary School, Broadbeach State School, and Merrimac State High School. The suburb is also close to several private schools, including St Hilda’s School, The Southport School, and Somerset College.
Transportation:
Broadbeach Waters is well-connected to the rest of the Gold Coast via public transportation, with several bus routes running through the suburb. The G:link light rail also runs through Broadbeach, providing easy access to nearby suburbs and the Gold Coast’s major tourist attractions.
Here are some growth statistics for Broadbeach Waters:
Property Prices:
According to the latest data from realestate.com.au, the median property price for a house in Broadbeach Waters is $1,500,000, while the median price for a unit is $587,500. Over the last year, house prices have increased by 9.3%, while unit prices have increased by 7.6%.
Sales:
In the past 12 months, there were 170 house sales and 131 unit sales in Broadbeach Waters. The average days on the market for a house is 43 days, while the average days on the market for a unit is 59 days.
Rental Yield:
The average rental yield for a house in Broadbeach Waters is 3.1%, while the average rental yield for a unit is 4.7%.
Demand:
According to realestate.com.au, Broadbeach Waters is a high-demand suburb with more people searching for properties in the area than the average for the Gold Coast region.
Development:
Broadbeach Waters has seen several new developments in recent years, including luxury apartment buildings and canal-front homes.
Overall, Broadbeach Waters has experienced solid growth in property prices over the last year, with both houses and units experiencing price increases. The suburb remains in high demand and has seen significant development, making it an attractive location for investors and homebuyers alike.
Benowa Waters:
Benowa Waters is located on the Nerang River and is known for its luxurious waterfront homes and wide, tree-lined streets. The area is home to several parks and golf courses, making it a popular location for families and golf enthusiasts. Benowa Waters has seen significant growth in property values in recent years, with many homes fetching high prices due to their prime waterfront positions.
Benowa Waters is located just 5 kilometres from the Gold Coast’s central business district and is bordered by the Nerang River to the east and the Ashmore Canal to the west. The suburb has a population of around 3,500 people, with a mix of families, retirees, and professionals.
Benowa Waters has a range of amenities to offer residents, including several local parks and recreational areas, a golf course, and a number of shopping centres. The suburb is also home to the Benowa Gardens Shopping Center, which features a range of shops, restaurants, and cafes.
Benowa Waters is home to several well-regarded schools, including Benowa State School, St. Kevin’s Catholic Primary School, and Benowa State High School. The suburb is also within easy reach of a number of private schools in nearby areas.
Benowa Waters is well-connected to the wider Gold Coast region, with easy access to major roads and highways. The suburb is also serviced by several bus routes, which connect residents to nearby areas and the wider Gold Coast region.
Over the years, Benowa Waters has experienced steady growth in both population and property prices. According to realestate.com.au, the median house price in Benowa Waters as of February 2023 is approximately $2.8 million. This represents a significant increase from the median house price of $1.65 million recorded in 2017.
The suburb has also seen an increase in population over the years, with a population of approximately 4,280 people recorded in the 2016 Census. This represents an increase of 5.5% from the previous census in 2011.
The growth of Benowa Waters can be attributed to several factors. Firstly, its waterfront location and access to the Nerang River make it an attractive option for those seeking a relaxed and peaceful lifestyle. The suburb is also conveniently located near major amenities such as the Gold Coast Turf Club, the Pindara Private Hospital, and the Benowa Gardens Shopping Centre.
Additionally, the suburb has seen an increase in demand from both local and international buyers, with many seeking to invest in luxury waterfront properties in the area. This has driven up property prices, making Benowa Waters one of the most exclusive and sought-after suburbs on the Gold Coast.
In terms of future growth, it is expected that Benowa Waters will continue to experience steady growth in population and property prices. The continued development of the Gold Coast and the ongoing investment in infrastructure and amenities are likely to drive demand for properties in the area.
Overall, Benowa Waters is a suburb with a lot to offer in terms of lifestyle, amenities, and investment potential. Its prime waterfront location, coupled with its proximity to major amenities and growing population, make it an excellent choice for those seeking to purchase a property on the Gold Coast.
Sorrento:
Sorrento is a prestigious waterfront suburb located in the heart of the Gold Coast, Queensland, Australia. It is situated on the northern side of the Nerang River, surrounded by the suburbs of Bundall, Ashmore, and Isle of Capri. The suburb is known for its luxurious waterfront properties and its convenient location, being just a few minutes drive from the beaches, shopping, and entertainment precincts of Broadbeach and Surfers Paradise.
Sorrento has a mix of both residential and commercial properties, with its waterfront properties being the most sought-after. These properties offer stunning views of the Nerang River, Surfers Paradise skyline, and the Hinterland.
In terms of amenities, Sorrento has a number of parks and green spaces, including Sorrento Park, which features a playground, picnic area, and basketball court. The suburb is also home to a number of popular restaurants, cafes, and shops, particularly along Bundall Road and Sorrento Shopping Village.
Sorrento is well-connected to the rest of the Gold Coast, with easy access to major roads such as the Gold Coast Highway and the Pacific Motorway. The suburb also has a number of public transport options, including bus routes and the nearby tram line.
According to the latest data from realestate.com.au, Sorrento has experienced steady growth in property prices over the past year. The median house price in Sorrento is currently $1.67 million, which represents a 17.1% increase from the previous year. This growth rate is higher than the Gold Coast average of 15.2%.
The suburb has also experienced growth in the number of property sales. According to CoreLogic, there were 44 houses sold in Sorrento in the 12 months to December 2021. This represents a 57.1% increase from the previous year. The average days on market for houses in Sorrento is currently 39 days, which is slightly longer than the Gold Coast average of 32 days.
Sorrento’s rental market has also seen growth, with the median weekly rent for houses increasing by 6.5% to $1,200 per week. The rental yield for houses in Sorrento is currently 2.8%, which is slightly lower than the Gold Coast average of 3%.
In terms of property types, houses make up the majority of properties in Sorrento. According to realestate.com.au, 85% of properties in Sorrento are houses, while units make up 14% of the market. The remaining 1% is made up of townhouses.
Sorrento’s waterfront location, access to amenities, and prestigious reputation make it a highly desirable suburb for property buyers. The growth in property prices and sales over the past year is an indication of the suburb’s popularity and potential for long-term capital growth.
Clear Island Waters:
Clear Island Waters is a popular waterfront location that is situated on a man-made lake system. The area features a mix of luxury homes, townhouses, and apartments, many of which offer direct water access for boating and water sports. Clear Island Waters is highly desirable for its peaceful, secluded atmosphere, and convenient location just a short drive from the beaches and shopping precincts of Broadbeach and Surfers Paradise.
One of the main attractions of Clear Island Waters is its waterways, which offer residents the opportunity to enjoy a range of water-based activities, such as boating, fishing, and kayaking. The waterways are also home to a range of wildlife, including ducks, swans, and pelicans.
Clear Island Waters is also home to a number of parks and green spaces, including the Clear Island Waters Park, which features playgrounds, picnic areas, and a basketball court. The suburb is also home to the Albert Park Baseball Complex, which hosts local and national baseball competitions.
In terms of amenities, Clear Island Waters is well-served by a range of shopping centres, including the nearby Pacific Fair Shopping Center and Robina Town Centre. The suburb is also home to a number of cafes, restaurants, and bars, with many of the waterfront homes and townhouses enjoying stunning views of the waterways.
For those looking to enjoy the Gold Coast’s famous beaches, Clear Island Waters is just a short drive from the popular surf spots at Burleigh Heads and Broadbeach. The suburb is also well-connected to the rest of the Gold Coast, with easy access to the Pacific Motorway and public transport options.
According to recent statistics, Clear Island Waters has experienced steady growth in the housing market over the last few years. The median house price in Clear Island Waters was $1.25 million as of December 2021, which represents a 15.4% increase from the previous year. This growth rate is higher than the average growth rate for the Gold Coast region, which was 11.8% during the same period.
The rental market in Clear Island Waters has also experienced growth over the last few years. The median weekly rent for a house in Clear Island Waters was $980 as of December 2021, which represents a 3.2% increase from the previous year. The vacancy rate in Clear Island Waters was 0.6% as of September 2021, which is lower than the Gold Coast region average of 1.1%.
The number of properties sold in Clear Island Waters has remained relatively stable over the last few years. In the 12 months to December 2021, there were 126 houses sold in Clear Island Waters, which is slightly lower than the previous year’s figure of 129. The average days on the market for a property in Clear Island Waters was 55 days as of December 2021, which is similar to the Gold Coast region average of 54 days.
Overall, Clear Island Waters has shown steady growth in the housing market over the last few years. The suburb’s proximity to amenities such as schools, shops, and the beach, as well as its natural beauty, make it an attractive location for homebuyers and investors alike.
Mermaid Waters:
Mermaid Waters is located on a system of interconnected canals and lakes, making it a popular location for boating and water sports enthusiasts. The area features a mix of luxury homes and apartments, many of which offer stunning waterfront views. Mermaid Waters is highly desirable for its laid-back coastal lifestyle, and convenient location just a short drive from the beaches and shopping precincts of Broadbeach and Burleigh Heads.
Mermaid Waters is a well-established suburb with a mix of residential and commercial areas. The area is known for its canal estates, parks, and recreational facilities. The Mermaid Waters Shopping Centre is located in the heart of the suburb and features a range of specialty stores, restaurants, and cafes.
The suburb is well-connected with a number of transport options available. The Gold Coast Highway runs through the centre of Mermaid Waters, providing easy access to neighbouring suburbs and the Gold Coast’s famous beaches. The area is also serviced by several bus routes and is within easy reach of the Pacific Motorway, which connects to Brisbane to the north and the New South Wales border to the south.
Mermaid Waters is surrounded by a number of parks and natural reserves, providing plenty of opportunities for outdoor recreation. The nearby Burleigh Head National Park is a popular destination for hiking and wildlife spotting, while the Mermaid Waters Lake provides a picturesque setting for picnics and water sports.
The suburb is also home to a range of schools, including the Miami State School, St Vincent’s Catholic Primary School, and Miami State High School. The nearby Bond University is a highly regarded institution, attracting students from across Australia and around the world.
In terms of demographics, Mermaid Waters has a diverse population, with a mix of families, professionals, and retirees. The median age of residents is 42 years, slightly higher than the Gold Coast average of 37 years. The area has a higher than average median household income, with many residents working in professional, managerial, or administrative roles.
Let’s take a look at the growth statistics for Mermaid Waters over the years.
According to the latest data from realestate.com.au, the median house price in Mermaid Waters as of September 2021 is $1,195,000, with a median unit price of $632,500. This represents a significant increase in property prices compared to previous years.
Over the past 10 years, the median house price in Mermaid Waters has increased by approximately 60%. In September 2011, the median house price was $705,000, while in September 2021, it was $1,195,000. This equates to an average annual growth rate of approximately 4.9%.
The median unit price in Mermaid Waters has also increased significantly over the past decade. In September 2011, the median unit price was $395,000, while in September 2021, it was $632,500. This represents an average annual growth rate of approximately 4.5%.
It is also interesting to note that the number of properties sold in Mermaid Waters has fluctuated over the years. In 2020, there were 120 house sales and 130 unit sales in Mermaid Waters, while in 2019, there were 105 house sales and 133 unit sales. This suggests that while the demand for property in Mermaid Waters remains strong, there are some fluctuations in the market.
In terms of rental yields, the median rental yield for houses in Mermaid Waters is 3.6%, while the median rental yield for units is 4.6%. This suggests that units may be a more attractive investment option for investors looking to generate rental income.
Overall, Mermaid Waters has seen significant growth in property prices over the past decade, with average annual growth rates of approximately 4.9% for houses and 4.5% for units. The suburb’s convenient location, canal estates, and waterfront homes make it an attractive option for both homebuyers and investors.
Burleigh Waters:
Burleigh Waters is located on a system of canals and lakes and features a mix of luxury homes and apartments with direct water access. The area is known for its relaxed coastal lifestyle and is a popular location for families and water sports enthusiasts. Burleigh Waters has seen steady growth in property values in recent years and is highly desirable for its proximity to the beaches, cafes, and dining precincts of Burleigh Heads.
Demographics: According to the 2016 Census, Burleigh Waters had a population of 14,730 people, with a median age of 42 years. The majority of residents (74.6%) were Australian born, and the most common ancestries were English, Australian, and Irish. The median weekly household income was $1,484, and the median monthly mortgage repayments were $2,167.
Housing: Burleigh Waters is predominantly a residential area with a mix of housing types. The majority of homes in the suburb are detached houses, but there are also townhouses and apartments available. Many of the homes in the area are situated on the waterfront or have access to waterways, providing residents with stunning views.
Transportation: Burleigh Waters is well connected to other parts of the Gold Coast via major roads and public transportation. The suburb is located close to the Pacific Motorway, providing easy access to Brisbane and other areas of the Gold Coast. There are also several bus routes that run through the area, making it easy for residents to travel to nearby shopping centres, schools, and other amenities.
Education: Burleigh Waters is home to several reputable schools, including Marymount College, a co-educational Catholic school for students from Prep to Year 12. There are also several primary schools in the area, including Burleigh Waters State School and Caningeraba State School.
Amenities: Burleigh Waters is known for its parks and recreational areas, with several parks and walking trails located throughout the suburb. One of the most popular parks is Burleigh Head National Park, which is located just south of the suburb and offers stunning views of the coastline. The suburb is also home to several shopping centres, including Burleigh Town Centre and Stockland Burleigh Heads, which offer a range of retail and dining options.
According to data from realestate.com.au, the median house price in Burleigh Waters as of February 2023 is approximately $1.2 million, with a median rent of around $750 per week. Over the past 10 years, Burleigh Waters has experienced significant growth in both house prices and population.
Between 2011 and 2021, the population of Burleigh Waters grew by 5.6%, from 13,868 to 14,646 residents. During the same period, the median house price increased from $575,000 to $1.2 million, representing a growth of over 100%.
The growth in Burleigh Waters can be attributed to a number of factors, including:
Proximity to the beach: Burleigh Waters is located just a few minutes’ drive from the famous Burleigh Heads beach, making it an attractive location for beachgoers and water sports enthusiasts.
Quality of life: The suburb boasts a great quality of life, with access to parks, bike paths, and other recreational facilities. It also has a number of quality schools and is located close to major shopping centres.
Development: There has been significant development in Burleigh Waters in recent years, with new residential and commercial developments contributing to the growth of the suburb.
Overall, Burleigh Waters has seen strong growth in both population and property prices in recent years, making it an attractive location for homebuyers and investors alike.
Conclusion
We hope that this blog post has provided you with a comprehensive overview of the Gold Coast waterfront market, including the latest growth statistics and an overview of some of the key suburbs in the area. With its stunning coastline, vibrant culture, and growing economy, the Gold Coast waterfront is an exciting place to invest in property. Whether you’re a seasoned investor or a first-time homebuyer, it’s important to stay up-to-date with the latest trends and data to make informed decisions. We encourage you to continue exploring our website for more valuable insights and resources on the Gold Coast waterfront market. (you can also read Median house price still growing in Gold Coast. here)
