Broadbeach, Queensland just surpasses Marrochydore in median house price growth: Investar
Broadbeach has the highest median price growth for Queensland localities for houses, according to Investar’s latest report.
The property firm says that the house price in Broadbeach over the past year has increased by 31 percent.
This is followed by Maroochydore for 30 percent and Bundamba 29 percent.
Suburb | Postcode | Bedrooms | Current median price | Median price 1 year ago | 1 year price growth |
Broadbeach | 4218 | 2 | $499,000 | $379,000 | 31% |
4558 | 2 | $372,000 | $285,000 | 30% | |
Bundamba | 4304 | 2 | $257,000 | $199,000 | 29% |
Wilsonton | 4350 | 2 | $231,500 | $180,000 | 28% |
Upper Caboolture | 4510 | 3 | $499,000 | $359,000 | 25% |
A two bedroom house at 1/13 Britannia Avenue, Broadbeach (above) has been listed for sale.
Similarly a residential land at Lot 35 Claremont Precinct, Maroochydore (below) has been listed for $365,000.
A two bedroom house at 93 Brisbane Road, Bundamba (below) has been recently sold in March for $200,000.
Similarly a two bedroom house at 201/1 Diura Street, Maroochydore (below) has been recently sold in March for $160,000.
Earlier this year it was noted the Gold Coast market pulled off solid median price gains for both units and houses in 2016, according to research from PRDnationwide.
According to the South East Queensland Property Hotspots: Second Half of 2016 report, Mermaid Beach and Broadbeach Waters fought it out for top place, with the former coming out a whisker ahead with 30% median price growth.
It was a stunning result for the area's prestige market, with both suburbs among the region's most expensive.
The price gains were recorded despite a drop in sales over the year.
A four bedroom unit at 18 Albatross Avenue, Mermaid Beach (above) was sold for $1,570,000.
Similarly a five bedroom house at 49 Petrel Avenue, Mermaid Beach (below) was sold for $1,275,000.
