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

Labrador sits on the Broadwater with a long foreshore reserve, mangrove-lined waterfront and a laid-back village feel. The Gold Coast Highway runs through the suburb, giving easy road and bus links to Southport and the northern beaches. Housing ranges from waterfront apartments to older low-set homes and mid-century units inland, while local cafes, small shopping strips and riverside parks make boating, walking and cycling common pastimes.

With a population of 18,643 and a median age of 45, the community is weighted towards couple families and also includes young professionals and retirees who value water access. Homes are slightly more often owner-occupied than rented and median household income is $1,188 a week. There is ongoing public investment in parks, active-transport and community facilities, including a master plan for Keith Hunt Park, upgrades around the Gold Coast Hockey Centre planned as a Games venue, a cycleway on the active-transport program, funding for a Men’s Shed and a small social housing project on Brisbane Road. Whether Labrador suits you depends on how much you prioritise waterfront access and a village-style setting.

Rents in Labrador would take a large share of a typical local household's weekly income at the last Census: the average house rent of $775 a week is about 65.2% of the median household income of $1,188 a week, and the average unit rent of $700 a week is about 58.9%. Buying is also well above local incomes; the median house price of $962,500 is about 15.6 times a typical local annual household income at the last Census, while the median unit price of $800,000 is about 13.0 times. On these figures, both renting and buying sit well above what households locally earned at the last Census, with houses more stretched than units.

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

House values climbed a strong 17.1% over the past 12 months, and unit values also rose strongly, up 15.3%. Rents increased at a solid pace over the same period, with house rents up 6.2% and unit rents up 6.1%.

In Labrador, the past year shows capital growth outpacing rental income growth, and houses recorded slightly larger gains than units on both value and rent measures. Whether that balance suits your 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.