Get a property report and suburb profile for any property in Burleigh Waters

Burleigh Waters is a suburban, waterside neighbourhood on the southern Gold Coast built around a network of canals and lakes and quieter than neighbouring Burleigh Heads. Streets are largely residential with established single-level family homes, a number of larger waterfront houses with private moorings and pockets of newer infill housing. Life here commonly revolves around the waterways, local parks and cycle paths, with boating, paddleboarding and riverside walks regular pastimes.

The suburb is home to 14,556 people with a median age of 42 and is weighted towards couple families, who together make up 82.4% of households; owner-occupiers account for about 79.4% of homes. Local shops, schools, a Gold Coast City Libraries branch on Christine Avenue and Galeen Drive, and regular bus services cover day-to-day needs. Recent local works include a contracted replacement of the Cassowary Drive bridge with shared pedestrian and cyclist paths and upgrades to the community centre. Whether Burleigh Waters suits you will come down to how much you value waterside living and easy access to local amenities.

At the current median house price of $1,750,000, buying a house in Burleigh Waters works out to about 19.4 times a typical local household's annual income as recorded at the most recent Census, which puts buying well above local incomes.

Rents are also large relative to that Census income: a house rent of $1,150 a week would take about 66.3% of a typical local household's weekly income at the last Census, and a unit rent of $838 a week would take about 48.3%. For renters the rent share is the key number to watch, while the house price multiple is the relevant measure for buyers; whether that feels expensive depends on your own income and circumstances.

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

Over the past year Burleigh Waters saw strong moves on both sides of the market, with houses particularly prominent. House values climbed 14.1% and house rents rose 15.0%, both strong increases and with rents edging ahead of values. Unit values increased 11.3%, also a strong rise, while unit rents grew 9.8%, a solid gain.

If capital growth matters to you, both house and unit values posted notable increases this year, with houses outpacing units. If rental income is your focus, house rents were the stronger performer over the year while unit rent growth was more modest. Whether that mix suits your investment goals and circumstances is for you to decide.

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.