Question 1

Is Benowa a nice place to live?

Accepted Answer

Benowa sits along the lower reaches of the Nerang River, with leafy streets, riverfront reserves and pockets of canal-side housing. It appeals to families and professionals who want a quieter residential feel while staying close to coastal attractions. The housing mix ranges from mid-century lowset homes and renovated contemporary houses to waterfront residences and medium-density townhouses. The community is about 10,000 people with a median age of 44, families are prominent, and most homes are owner-occupied.

For everyday life there are riverside parks, walking routes, local shops and cafés, plus a steady program of community sport and recreation. Good road links and public transport make it straightforward to reach nearby shopping precincts, beaches and employment areas. Health infrastructure includes an expanded Pindara Private Hospital and a day infusion centre, and the suburb is a short drive from the Gold Coast University Hospital and the Southport health and education precinct. Whether Benowa suits you comes down to whether that quieter riverfront, service-rich setting matches what you want.

Question 2

Is it expensive to live in Benowa?

Accepted Answer

Rents in Benowa would take a large share of a typical local household's income as recorded at the last Census. A house rent of $1,300 a week is about 67.8% of the $1,918 a week household income reported at the last Census, and a unit rent of $900 a week is about 46.9% of that weekly income. Looking at buying, the median house price of $1,770,000 is about 17.7 times a typical local annual household income at the last Census (annual income $99,736), and the median unit price of $1,025,000 is about 10.3 times that annual income. For renters the rent share is the figure that matters, while for buyers the price multiple is the key comparison; whether these ratios feel expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Benowa a good place to invest?

Accepted Answer

Over the past 12 months Benowa’s unit market has been the clearest mover: median unit values rose 19.3%, a strong increase, while median house values were up a more modest 3.5%. On the rental side, unit rents climbed 6.5% (a solid rise) compared with a modest 4.0% increase for house rents. For someone weighing Benowa up as an investment, the figures show units have been the stronger performer this year both for capital growth and for rental income; whether that balance suits you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.77M	$1.02M
Change in value Past 12 months	3.5%	19.3%
Sold Past 3 months	30	20
Median days on market Past 12 months	40	30
Average rent Past 12 months	$1300	$900
Change in rent Past 12 months	4.0%	6.5%

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