Leburn & Associates

Licensed Real Estate Agents - Main Beach Qld

Cherie Leburn LREA

Principal

+61 418 883 552

cherie@leburn.com.au

Xanadu East

Lowest $890,000 Median $1,405,000 Highest $1,800,000 SOLD 7 Apartments

Xanadu East is a holiday let and residential building at 59 Pacific Street, that offers ocean views, modern facilities, first class customer service and unbeatable location, just moments from the beach and prestigious Tedder Avenue shopping village.

Latest Sales 2022
Configuration Units Sold
Plan 2 Bed 2 Bath 1 Car 6
Plan 3 Bed 2 Bath 2 Car 1
Lowest Median Highest
$890,000 $1,376,000 $1,650,000
$1,800,000 $1,800,000 $1,800,000

*Sales prices obtained from Pricefinder and RP Data

Level LAYOUT Year Built TOTAL UNITS TOTAL FLOORS UNITS PER FLOOR
Plan 1997-98 75 27 3
 

Xanadu East Features

  • Two full-sized tennis courts
  • A fully equipped gymnasium
  • Outdoor swimming pool and spa
  • Heated indoor swimming pool and heated spa
  • Sauna
  • Library/reading room
  • Outdoor barbecue / casual dining facilities.
  • Pool towels are available for hire from reception
  • Kids (and the young at heart) will love the Foosball and Air hockey tables
  • Short stroll to Tedder Avenue featuring Cafes, Bars, Restaurants and retail shops including City Council’s only Driverless Shuttle Bus service

 

Main Beach- July 2022- June 2023 –Market Report with Cherie Leburn

Lowest: $350,000 Median: $1,200,000 Highest: $9,800,000 Apartments Sold:282

Main Beach has 205 units available for sale. The median property price for a unit is currently 1,245,000 with annual capital growth of 8.26. There were 186 unit sales in the past 12 months. On average, units spend 26 days on market.

If you’re thinking about buying an investment property in Main Beach, consider that rental yields for units are currently 3.22 with an average median rent of 800 weekly. Units have seen 3.75 growth in the past quarter, and 8.26 growth in the past 12 months.

The size of Main Beach is approximately 3.1 square kilometres. It has 5 parks covering nearly 46.3% of total area. The population of Main Beach in 2011 was 3,495 people. By 2016 the population was 3,864 showing a population growth of 10.6% in the area during that time. The predominant age group in Main Beach is 60-69 years.

Households in Main Beach are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Main Beach work in a professional occupation. In 2011, 53.7% of the homes in Main Beach were owner-occupied compared with 55.1% in 20 –https://www.yourinvestmentpropertymag.com.au