Leburn & Associates

Licensed Real Estate Agents - Main Beach Qld

Cherie Leburn LREA

Principal

+61 418 883 552

cherie@leburn.com.au

Xanadu North Main Beach

Lowest $1,700,000 Median $1,805,000 Highest $2,100,000 6 Apartment Sold

Xanadu North is a residential only building only while Xanadu East allows holiday letting. Situated at 59 Pacific Street, the complex boasts ocean views, modern facilities, first class customer service and unbeatable location for those seeking all of the colour, action, beauty and adventure that Main Beach has to offer.

Latest Sales EOFY 2024
Configuration Units Sold
Plan 2 Bed 2 Bath 2 Car 6
LOWEST MEDIAN HIGHEST
$1,700,000 $1,805,000 $2,100,000
Level LAYOUT Year Built Total Units Total Floors Units per Floor
Plan 1998-99 75 27 3
 

Xanadu 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 2023- June 2024–Market Report with Cherie Leburn

Lowest: $350,000 Median: $1,200,000 Highest: $9,800,000 Apartments Sold:265

Main Beach has 196 units available for sale. 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.

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 2016.

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