Leburn & Associates

Licensed Real Estate Agents - Main Beach Qld

Cherie Leburn LREA


+61 418 883 552



Lowest $1,390,000 Median $3,000,000 Highest $5,700,000 SOLD 3 Apartments

Built by renowned Gold Coast developer Sunland, Malibu Apartments is an icon on the Main Beach skyline. This residential only building is positioned at 3 Tedder Avenue, Malibu offers easy access to the new light rail system, the Gold Coast Highway, the shops and restaurants of Tedder Avenue.Prime locale offers un-interrupted views of the Broadwater and Pacific Ocean. Located across from the Yacht club and the Broadwater and only a short stroll to the dining and shopping precinct that is Tedder Avenue. Prestigious Main Beach offers pristine beaches, a variety of dining, retail, and services, with the Southport Yacht and Surf Clubs in easy strolling distance. Nearby are Marina Mirage, The Sheraton Mirage, Palazzo Versace, Sea World, and the new Aquatic Centre. The G:link light rail is conveniently located at Tedder Avenue and in proximity is Australia Fair Shopping Centre plus excellent Gold Coast Public & Private schools, including TSS and St Hilda’s.

Latest Sales EOFY 2024
Configuration Units Sold
Plan 2 Bed 2 Bath 1/2 Car 1
Plan 3/4 bed 2bath 1/2 car 2
Lowest Median Highest
$1,390,000 $1,390,000 $1,390,000
$3,000,000 $3,000,000 $5,700,000
Level LAYOUT year built total units total floors units per floor
Plan 1990-91 56 18 3

Malibu Features

  • Pet friendly with body corporate approvals

  • Facilities include swimming pool

  • Steam and saunas

  • Tennis courts

  • Fully equipped gymnasium

  • BBQ and picnic areas

  • Easy access to the new light rail, Tedder Avenue and Marina Mirage

  • Excellent on site managers and security parking

Main Beach- June 2023- July 2024 –Market Report

Lowest: $445,000 Median: $1,280,000 Highest: $9,800,000 Apartments Sold:265

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 the market.
If you’re 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 kilometers. It has 5 parks covering nearly 46.3% of the 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.

Main Beach Suburb: Main Beach is a boutique suburb favoured by the affluent and it is the pinnacle of cafe society on the Gold Coast. There is a sense of community in this suburb, everyone stops to say hello and the restaurateurs and boutique owners quickly become friends.
The center of Main Beach is Tedder Avenue. The street is lined with upmarket boutiques and some of the Gold Coast’s best restaurants and bars. Around the area are also the Southport Yacht Club and the 6-star Palazzo Versace hotel (plus many more accommodation types). Don’t let that discourage you though as it’s still a friendly and relaxed beachside suburb.
The suburb is bordered by the Ocean to the east, the Broadwater to the north, and the Nerang River to the south. Due to its desirability prices are high and demand certainly outweighs supply. On the beach side of the suburb, there are holiday and residential high rises, villas, townhouses, older three-story walk-ups, and a few free-standing houses.
The Broadwater side is full of older homes dating back to the 1950s which have usually been kept safely in the family since they were built. These homes are all starting to undergo renovations and the results are exciting. There are also newer villas and townhouses – this area is strictly no high rises.*Sales prices obtained from Pricefinder and RP Data-yourpropertyinvestmentmag