Your local property reportlocalmarketThis report covers your local suburbs of Arundel, Biggera Waters, Labrador and Southport

(07) 5537 1311

broadwater@ljh.com.au

broadwater.ljhooker.com.au

July

2021

LJ Hooker Broadwater - Runaway Bay

Strongest growth Most traded Fastest sellers

What’s happening in our local property market

Top performing local suburbs

Houses

Units

Number sold (12 months) Median Price Median Growth 12 months Annual Change over 10 years

Biggera Waters

Labrador

Southport

Labrador

Southport

Biggera Waters

101

225

337

424

721

314

$782,500

$495,000

$637,500

$370,000

$370,000

$383,750

15.9%

14.5%

10.9%

5.7%

5.7%

5.5%

3.6%

1.8%

3.6%

1.8%

1.0%

1.8%

LJ Hooker Broadwater - Runaway Bay

Across our local market, we have seen 3,020 properties listed for sale, over the past 12 months, which is higher than the same time last year. This has impacted sales with 2,380 taking place over the past 12 months. Looking at the house market, the best performing suburb, over the past 12 months, has been Biggera Waters which has seen its median sales price grow by 15.9%. The median sales price of a home in Biggera Waters is now $782,500. Labrador saw its median house sales price grow by 14.5% with the median price now sitting at $495,000 and Southport grew 10.9% across 337 individual sales with a median of $637,500.

The most traded suburb for houses in our area has been Southport with 337 homes sold over the past 12 months and it also had the most unit sales with 721 transactions. House prices in Southport have performed strongly with growth of 10.9% and now have a median price of $637,500.

Over the past month, about $40.26m in units and $25.69m in houses has been sold in Southport with $293.27m and $253.99m respectively sold over the past 12 months.

Labrador has demonstrated the strongest price growth for units with prices rising 5.7% over the past 12 months. The median sales price for units in Labrador is now $370,000 and with a median rent of $390 a week, they offer a rental yield of 6.0%.

The highest median housing rents in our area are $580 per week in Biggera Waters and for units $460 per week in Biggera Waters. Housing rental yields in Arundel are currently 4.9% demonstrating why the area is popular with investors.

The time it takes to sell a house in our region ranges from 28 days in Labrador to 51 days in Biggera Waters, and the shortest median time to sell a unit is 35 days in Arundel.

The property market in 2021 is returning to growth after finishing the year on a strong footing. According to CoreLogic, the Australian national home value index rose 1.0% in December - the third consecutive month-on-month rise after dipping into the negatives during the Covid lockdown periods of April to September. The combined capital city home values finished the year 2.0% higher and regional housing values rose 6.9%.The number of properties being listed for sale is also currently 8% higher than a year ago.Across our area, there were 3,020 listings advertised in the past 12 months compared to the rolling 12 month listings of 2,809 reported last quarter. Let's take a look at the rest of the data for our local market.

Biggera Waters15.9%

Labrador5.7%

Southport337 sales

Southport721 sales

Labrador28 days

Arundel35 days

Our local area expertise – investing

Highest yielding suburbs in our area

SuburbNumber

SoldMedian

Sale PriceChange in Median

PriceMedian

Asking RentIndicative Gross

Rental Yield

Houses

Units

Suburb snapshot

Houses

Units

Number Sold

Median Sale Price

Annual Change in Median Price

Median Asking Rent

Indicative Gross Rental Yield

Total Listings

Average Days on Market

Total Value of Sales

This month it’s all about Biggera Waters

● One of the most popular suburbs in our region is Biggera Waters where 148 houses were listed for sale over the past year. Houses in Biggera Waters have an average land size of 481 square metres.

● The suburb also has a large apartment market with 466 units listed for sale over the past year.

● The suburb is tightly held with residents typically holding their house for 8.7 years.

● The median value of houses in Biggera Waters is $865,495. This is higher than the median sales price which is currently $782,500.

● Over the past 12 months, buyer interest has lifted with 101 houses sold this year compared to 65 sales last year.

● Houses are typically selling within 51 days.

● Sales prices have grown by 15.9% over the past 12 months and vendors are typically discounting by -4.7% to secure a sale.

● All of this means it is now a great time to sell in Biggera Waters.

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Arundel

Labrador

Southport

Arundel

Southport

Biggera Waters

199

225

337

59

721

314

$645,000

$495,000

$637,500

$327,500

$370,000

$383,750

6.3%

14.5%

10.9%

-10.3%

5.7%

5.5%

$560

$440

$500

$418

$420

$460

4.9%

4.8%

4.6%

6.7%

6.3%

6.1%

For housing investors, the best buying in our area can be found in Arundel where houses are returning a 4.9% yield, while units in Arundel are returning a 6.7% yield - making it a good place for savvy investors to look for inflation-beating returns.

The median price of a house in Arundel currently is $645,000 and average rents are $560 per week whereas median unit prices are $327,500 in Arundel with rents of $418 per week. This means it could be possible to purchase a cash-positive investment unit.

Unit prices in Arundel have dropped substantially by -10.3% over the past year, meaning the suburb is now offering some good buying for smart

investors.

Southport is the second best yielding unit suburb in our area with units that cost around the median price of $370,000 returning 6.3% with median asking rents of $420 per week, while Biggera Waters also is worth watching with returns of 6.1% based on a median price of $383,750 and rents of $460 per week.

For those interested in investing in houses, also consider Labrador where prices have moved strongly by 14.5% while yields are 4.8% - which could be a cash flow positive investment.

LJ Hooker Broadwater - Runaway Bay

101 314

$782,500 $383,750

15.9% 5.5%

$580 $460

4.1% 6.1%

148 466

51 56

$84.7m $128.87m

Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided as general information only and is not intended as financial advice. For our complete terms and conditions of use, go to www.corelogic.com.au

Know what your property is worth in today’s market.

Ask the team at LJ Hooker Broadwater - Runaway Bay.

the team (07) 5537 1311 broadwater@ljh.com.au

LJ Hooker Broadwater - Runaway Bay broadwater.ljhooker.com.au

MO

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SATISFIED CUSTO

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NEGA ETATSE L

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20182018

For 90 years people have been at the core of our business.

We’re extremely proud to be the winner of the prestigious

Canstar award for the Most Satisfied Real Estate Customers. You’ll always be at the centre of everything we do.

Real estate is not about houses, it’s about people.- Sir Leslie Hooker

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