Leburn & Associates

Licensed Real Estate Agents - Main Beach Qld

Cherie Leburn LREA


+61 418 883 552


The Waratah

Lowest $1,500,000 Median $1,800,000 Highest $2,200,000 SOLD 8 Apartments

The Waratah is a residential building located at 22 Montgomery Avenue, Main Beach. Short walk to Tedder Avenue cafes, restaurants and boutiques a two minute stroll to the beach, Surf Club & Southport Yacht Club. Visit Marina Mirage, Versace, Sheraton & Seaworld on The Spit. 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.

latest sales 2019
Configuration Units Sold
Plan 2 Bed 2 Bath 1 Car 6
Plan 3 Bed 2 Bath 1/2Car 2
Lowest Median Highest
$1,500,000 $1,800,000 $1,800,000
$1,900,000 $2,000,000 $2,200,000
Level LAYOUT year built total units total floors units per floor
Plan 1996-97 94 26 3-4

The Waratah Features

  • Fantastic newly upgraded modern alfresco and indoor full entertainment areas
  • Outdoor pool, sauna, indoor heated pool and spa
  • Billiard room
  • Gymnasium
  • Tennis court
  • Putting green
  • Large veggie garden, plant and pick your own
  • One secured underground car space
  • Plus additional secured car parking area on a first come basis
  • Designated visitors car parking
  • Outstanding on-site management, residential only complex

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*Sales prices obtained from Pricefinder and RP Data

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-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.