Mortgage Broker Broadbeach | Buy property in Broadbeach with expert mortgage brokers
Broadbeach offers an ideal Gold Coast lifestyle
If you're looking to buy property in Broadbeach or neighbouring Broadbeach Waters, then it's a fantastic choice - especially for our team at Mortgage Choice in Broadbeach, because you'll be joining our friendly neighbourhood! Broadbeach is situated on the southern end of the Gold Coast and close to a multitude of attractions.
What's it like to live in Broadbeach?
Broadbeach could easily be described as the ideal place to live as well as visit. While it's a popular destination for tourists, the Broadbeach area has great facilities for growing families, professional couples, retirees - just about everyone!
The friendly Broadbeach area provides an abundance of shopping, including world-renowned Pacific Fair, where our Broadbeach Mortgage Brokers are located. Broadbeach also has The Oasis shopping centre, closer to the beach. Both shopping centres offer great boutiques, larger chain stores, as well as important amenities like Chemists, Woolworths and Medical Centres.
Living in Broadbeach also gives you convenient access to excellent entertainment options, including The Star Gold Coast, with its casino, restaurants and shows. Broadbeach dining options range from amazing casual cafes like ELK Espresso to classic newly renovated pubs like the Broadbeach Tavern and alfresco restaurants like Koi.
Access to the Gold Coast Light Rail, or G:link, in the heart of Broadbeach gives residents and visitors easy access to the northern Gold Coast suburbs as well as the train up to Brisbane. You can easily catch buses to the southern suburbs and Gold Coast airport (soon to be linked by the Light Rail over the coming years). Since Broadbeach is only an hour from Brisbane CBD, many residents are comfortable with the commute north to work in Queensland's capital.
Property Prices in Broadbeach
In Broadbeach, the median unit price over the last year was $660,000 for units. In Broadbeach Waters, just across the Gold Coast Highway, the median property prices over the last year have ranged from $1,500,000 for houses to $585,000 for units.
If you are wanting to purchase a Broadbeach investment property, it's important to know that houses in Broadbeach rent out for around $588 per week, with an annual rental yield of 1.3%. Units tend to rent for $500 per week with a yield of about 3.9%. Looking at the last five years of sales, the Broadbeach area has seen a compound growth rate of around 2.1% for houses and 3.0% for units in the area.
Things are a little different in Broadbeach Waters, where houses rent out for around $945 per week, with an annual rental yield of 3.3%. Units tend to rent for $525 per week with a yield of about 4.7%. In the last five years of sales, the Broadbeach Waters area has seen a compound growth rate of around 7.4% for houses and 4.8% for units in the area.
Finance for your Broadbeach property
It's likely that a home loan will be the largest debt we take on, for many of us at least. So, it's smart to ensure you have the best mortgage structure for your Broadbeach investment or residential property.
If you want to find professional home loan advice in Broadbeach, don't hesitate to give us a call. Mortgage Choice in Broadbeach has over 40 5-star Google and other reviews from our happy clients, so you know that you can trust our team to give you the very best customer service and home finance results.
From our office in Broadbeach at Pacific Fair Shopping Centre, experienced mortgage broker Will Todd and Loan Administrator Anne Smith offer expert home loan, refinance and investment property home loan services. While we're based in Broadbeach, our mortgage broker team services surrounding suburbs including Varsity Lakes, Mermaid Beach, and Mermaid Waters areas. We also provide our home loan service to all areas of South East Queensland, across Australia and can even help overseas buyers.