Leburn & Associates

Licensed Real Estate Agents - Main Beach Qld

Cherie Leburn LREA

Principal

+61 418 883 552

cherie@leburn.com.au

The Inlet

Lowest $1,625,000 Median $1,750,000 Highest $1,950,000 SOLD 6 Apartments

The Inlet located at 24 Breaker Street, is one of the most highly regarded residential only apartment buildings in this prestigious beach side suburb. Expansive views overlooking our beautiful beaches, river, Surfers Paradise Skyline, and Macintosh Island on through to the Hinterland.

Latest Sales EOFY 2024
Configuration Units Sold
Plan 2 Bed 2 Bath 1 Carpark 6
Lowest Median Highest
$1,625,000 $1,750,000 $1,950,000
Level LAYOUT year built total units total floors units per floor
Plan 1992-93 92 33 2-3
 

The Inlet Features

  • Two outdoor swimming pools

  • Heated indoor pool with spa and sauna

  • Gym facilities

  • Full sized tennis court

  • Experienced on-site managers

  • Secure parking and storage

  • Pet friendly (subject to approval)

Main Beach- June 2023- July 2024 –Market Report

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

The median property price for a unit is currently $ 1,400,000 with annual capital growth of 24.44 % . There were 259 unit sales in the past 12 months. On average, units spend 32 days on market.

If you’re thinking about buying an investment property in Main Beach, consider that rental yields for units are currently 3.25 % with an average median rent of $ 850 weekly. Units have seen 10.24 % growth in the past quarter, and 24.44 % growth in the past 12 months. Rental yields for houses are currently 2.72% with an average median rent of $1,050.00

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 2016.The size of Main Beach is approximately 3.1 square kilometres. It has 5 parks covering nearly 46.3% of total area. https://www.yourinvestmentpropertymag.com.au.

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.

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-storey 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.