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Labrador is a delightful suburb that offers a charming blend of coastal beauty and urban convenience, making it a fantastic place to call home. Nestled on the northern end of the Gold Coast, it boasts a relaxed vibe with stunning views of the Broadwater, attracting a diverse community. The suburb is well-equipped with amenities, including shopping centers, schools, and recreational facilities, ensuring that residents have everything they need within easy reach. Families will find Labrador particularly appealing, as it provides a safe and welcoming environment with plenty of parks and green spaces for children to explore and enjoy.

The suburb's vibrant atmosphere is complemented by its proximity to the Broadwater Parklands, where residents can indulge in outdoor activities or simply unwind by the water. Labrador's dining scene, especially along Marine Parade, offers a variety of options for food enthusiasts, adding to the suburb's lively character. While Labrador may not have the bustling nightlife of some inner-city areas, it makes up for it with its serene coastal lifestyle and strong sense of community.

One trade-off to consider is that while Labrador offers a peaceful environment, the ongoing developments in the area, such as the redevelopment of the Labrador Shopping Centre, may bring increased activity and foot traffic. However, these changes are likely to enhance the suburb's appeal and modernize its infrastructure. Overall, Labrador is a wonderful choice for families, retirees, and professionals seeking a balanced lifestyle with the perfect mix of natural beauty and urban amenities.

Living in Labrador can be considered moderately expensive, especially when you compare property prices and rental costs to the average income in the area. The median house price in Labrador is currently $866,000, while units are priced at a median of $691,500. For those looking to rent, houses average around $675 per week and units about $625 per week. These figures indicate that housing costs in Labrador are quite significant.

When you look at the earnings side of things, the average annual salary in Labrador is approximately $48,000, which translates to roughly $923 per week. This is lower than the median total household income of $1,188 per week in the suburb. Given these numbers, a substantial portion of income would be needed for housing, making it a bit challenging for individuals earning the average salary to comfortably afford living in Labrador without careful budgeting.

In summary, while Labrador offers a pleasant lifestyle with its proximity to the coast and various amenities, the cost of living, particularly in terms of housing, is on the higher side relative to local earnings. If you are thinking of living in Labrador, it's important to consider your financial situation and how it aligns with these living expenses.

Labrador is showing promising signs as a good place to invest, especially with the recent surge in property values. Over the last 12 months, the median house value in Labrador has increased by 13.9%, while units have seen an even more impressive rise of 17.8%. This upward trend suggests a strong demand for properties in the area, making it an attractive option for investors looking for capital growth.

In addition to the rising property values, rental yields in Labrador are also on the rise. Rent for houses has increased by 3.1%, and units have seen a 4.2% increase. This indicates a healthy rental market, which is great news for investors seeking steady rental income. The combination of capital growth and rental demand makes Labrador a suburb worth considering for investment.

Overall, Labrador offers a balanced investment opportunity with both property value appreciation and rental income potential. Its recent performance in the property market suggests that it could continue to be a desirable location for both buyers and renters, providing a solid foundation for long-term investment success.