Get a property report and suburb profile for any property in Broadbeach

Broadbeach sits on Kurrawa Beach and around a compact dining strip on Tedder Avenue, where cafés and boutique shops line the street. Foreshore high-rise apartments and hotels give a holiday-style edge, while quieter low-rise streets inland create more settled residential pockets. The large shopping centre, the casino and regular events on the parklands and the beach are local focal points, and the Gold Coast Convention and Exhibition Centre is the suburb’s main civic venue.

There are 6,786 residents, a median age of 46 and a median total household income of $1,419 a week. The community is dominated by couple families without children (66.1%), and slightly more dwellings are rented (51.4%) than owner-occupied (48.6%). The Gold Coast light rail runs through Broadbeach, with a southern extension linking neighbouring coastal hubs, and transport plans include pedestrian and road upgrades. If close beach access, nearby shopping and straightforward public transport matter to you, Broadbeach plainly provides those features; whether it suits you depends on your priorities.

A unit at $1,282,500 in Broadbeach works out to about 17.4 times a typical local household's annual income at the last Census (typical weekly household income $1,419), which puts buying a unit well above local incomes.

Renting also takes a large share of local income: $898 a week for a unit is about 63.3% of a typical local household's weekly income at the last Census, and $775 a week for a house is about 54.6% of that income. On these figures, both renting and buying look stretched against what households were earning at the last Census; whether that feels 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.

In Broadbeach the clearest movement is on the unit side. Unit values rose 9.5% over the past 12 months, a solid increase, while unit rents climbed 12.2% over the year, a strong rise. That means rental income growth outpaced capital growth for units this year, so the rent figure will be the more important number if rental return is your priority; whether that balance suits your plans 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.