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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.

HousesUnits
Median price
Past 3 months
$869K$760K
Change in value
Past 12 months
35.7%10.9%
Sold
Past 3 months
1385
Median days on market
Past 12 months
7052
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

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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.

Common questions about Biggera Waters

  • Is Biggera Waters a nice place to live?

    Biggera Waters is a delightful suburb that offers a charming blend of coastal beauty and urban convenience, making it a fantastic place to live. Nestled along the northern Gold Coast, it boasts stunning waterfront views and a relaxed atmosphere that appeals to a diverse community. The suburb is known for its vibrant yet laid-back vibe, with a mix of modern apartments and traditional homes catering to families, retirees, and professionals alike. The proximity to Harbour Town Shopping Centre ensures residents have easy access to a variety of shopping, dining, and entertainment options, while local cafes and parks add to the suburb's appeal.

    For families, Biggera Waters provides a safe and welcoming environment with plenty of recreational activities to enjoy. The suburb's location along the Broadwater offers opportunities for boating, fishing, and watersports, making it ideal for those who love the outdoors. The community is friendly and inclusive, with a mix of established families and newcomers contributing to its dynamic character. While the ongoing development in the area may lead to increased property values and a busier lifestyle, it also promises enhanced amenities and improved infrastructure, which are significant advantages for residents.

    One of the trade-offs of living in Biggera Waters is the potential for increased traffic congestion as the suburb continues to grow. However, planned upgrades to public transport connections and road networks aim to address these concerns, improving accessibility for residents. Overall, Biggera Waters offers a balanced lifestyle with its scenic waterfront parks, convenient shopping centers, and easy access to the Gold Coast's famous beaches. It's an attractive option for those seeking a coastal haven with urban conveniences, making it a truly nice place to call home.

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  • Is it expensive to live in Biggera Waters?

    Living in Biggera Waters can be quite a financial commitment, especially when compared to the average wage in the area. With a median house price of $1,015,000 and units averaging around $680,000, purchasing property here is on the higher end of the spectrum. Renting isn't necessarily a cheaper alternative, with houses averaging $750 per week and units around $680 per week. These figures suggest that a significant portion of your income would need to be dedicated to housing costs.

    When you compare the average annual wage in Biggera Waters, which is approximately $68,000, to the median total household income weekly of $1,314, it's clear that the cost of living, particularly in terms of housing, is quite substantial. This means that if you're thinking of living in Biggera Waters, it's important to consider whether your financial situation can accommodate these expenses. While the suburb offers a beautiful coastal lifestyle and proximity to amenities, the high property prices and rents make it a more expensive place to call home.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Biggera Waters a good place to invest?

    Biggera Waters presents an intriguing opportunity for investors, particularly those interested in units. Over the past year, the suburb has seen a significant 10.5% increase in median unit values, indicating strong demand and potential for capital growth in this segment. This growth is complemented by a 4.6% rise in unit rents, suggesting a healthy rental market that could provide steady income for investors.

    While the median house values and rents have remained relatively stable, the unit market's performance highlights Biggera Waters as a suburb with promising investment potential, especially for those focusing on units. The suburb's coastal location and lifestyle appeal contribute to its desirability, attracting both renters and buyers looking for a vibrant community close to the water.

    Overall, Biggera Waters offers a compelling case for investment, particularly in the unit market, where recent trends suggest ongoing demand and growth. Its attractive location and lifestyle amenities make it a suburb worth considering for those seeking a balance of rental income and capital appreciation.

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Choose the right real estate agents in Biggera Waters

Choosing the right real estate agent in Biggera Waters can have a big impact on your sale. While there are 166 real estate agents working in the suburb, but just 5 of them were responsible for 17.9% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 2.94%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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