Biggera Waters suburb profile
Biggera Waters is a picturesque suburb located on the northern Gold Coast, known for its stunning waterfront views and relaxed coastal lifestyle. Situated along the Broadwater, it offers residents a range of recreational activities, including boating, fishing, and watersports. The suburb features a mix of modern apartments and traditional homes, catering to a diverse community of families, retirees, and professionals. With its proximity to Harbour Town Shopping Centre, local cafes, and parks, Biggera Waters provides a convenient yet serene living environment. Its blend of natural beauty and urban amenities makes it a sought-after destination for those seeking a balanced lifestyle.
Biggera Waters property market performance
Current median dwelling price$814,500Past 3 months
Property growth+23.3%Past 12 months
Biggera Waters has experienced significant growth in its property market over the past 12 months. House values have surged by 35.7%, with the median house price now at $869,000. Units have also seen a notable increase of 10.9%, bringing the median unit price to $760,000. This reflects a strong demand for both property types in the area.
Sales activity has been robust, with 13 houses and 85 units sold over the last 12 months. Houses are taking longer to sell, with a median of 70 days on the market, compared to 52 days for units, indicating a quicker turnover in the unit market.
In the rental market, house rents have increased by 9.3% over the past year, with an average rent of $820. Meanwhile, unit rents have remained stable, averaging $700, suggesting a steady demand for rental units in Biggera Waters.
Houses | Units | |
---|---|---|
Median price Past 3 months | $869K | $760K |
Change in value Past 12 months | 35.7% | 10.9% |
Sold Past 3 months | 13 | 85 |
Median days on market Past 12 months | 70 | 52 |
Average rent Past 12 months | $820 | $700 |
Change in rent Past 12 months | 9.3% | N/A |
5 year median price trend for houses and units
Biggera Waters demographics
Biggera Waters, located on the Gold Coast in Queensland, is a suburb known for its relaxed coastal lifestyle and proximity to both the Broadwater and the bustling amenities of the Gold Coast. With a population of 9,973, the suburb offers a blend of residential tranquility and easy access to vibrant shopping and dining options. The median age of 44 suggests a mature community, with many residents likely enjoying the area's natural beauty and recreational opportunities.
The suburb's housing landscape is diverse, with nearly half of the properties being rented, indicating a flexible living environment that appeals to both long-term residents and newcomers. The presence of 26.9% of homes owned outright reflects a stable base of homeowners, while 24.8% of properties are owned with a mortgage, showcasing a mix of established families and those investing in the area. The community is predominantly made up of couple families without children, accounting for 47.8% of the population, followed by couple families with children at 28.8% and one-parent families at 20.9%.
Biggera Waters offers a balanced lifestyle with its scenic waterfront parks, shopping centers like Harbour Town, and easy access to the Gold Coast's famous beaches. The suburb's median household income of $1,314 per week reflects a comfortable standard of living, making it an attractive option for families, retirees, and professionals seeking a coastal haven with urban conveniences.
Biggera Waters infrastructure, key developments and investment opportunities
Biggera Waters is experiencing ongoing development that could boost its property market appeal. The expansion of Harbour Town shopping precinct continues to attract new retail and dining options, enhancing local amenities. Recent upgrades to the Broadwater Parklands have improved recreational spaces along the waterfront, increasing the area's livability factor.
Infrastructure improvements include planned upgrades to public transport connections and road networks, aimed at easing traffic congestion and improving accessibility. The suburb's proximity to major Gold Coast attractions and its waterfront location continue to drive demand, particularly among investors and young families. While no major new residential developments are currently underway, ongoing renovations of older properties suggest sustained interest in the area's real estate market.
Biggera Waters rental market trends
The rental market in Biggera Waters has experienced moderate growth, with house rents increasing by 9.3% over the past year to $820 per week, while unit rents have remained stable at $700 per week. This stability in unit rents, combined with the rise in house rents, reflects a balanced demand in this coastal suburb, making it an attractive option for both renters and investors seeking steady returns.
Suburbs near Biggera Waters
Some popular suburbs near Biggera Waters include:
How does Biggera Waters compare to nearby suburbs?
- Median house prices: Biggera Waters’s median house price is 10.7% higher than Labrador’s.
- Median unit prices: Biggera Waters’s median unit price is 0.9% higher than Coombabah’s.
- House price growth: Over the past 12 months, house prices in Biggera Waters have grown 22.1% higher than in Labrador.
- Unit price growth: Over the past 12 months, unit prices in Biggera Waters have grown 0.6% higher than in Labrador.
- Selling speed for houses: Properties in nearby Labrador are selling 22.9% faster than in Biggera Waters.
- Selling speed for units: Properties in Biggera Waters are selling 1.9% faster than in Labrador.