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Suburb Profile
Burleigh Heads | 4220
Intensely popular with Gold Coast locals, That said, due to limited town planning allowances and property
already being very tightly-held, Burleigh Heads is nearing its
Burleigh Heads benefits from stunning maximum development potential, resulting in growing demand
natural surrounds along with an abundance continuing to outstrip a finite supply of new housing stock.
of modern, world-class amenity.
Lifestlye & Urban Amenity
Area Overview Burleigh Heads boasts a thriving social and cultural scene. In
addition to the renowned boutique shopping and trend-setting
Situated towards the southern end of the Gold Coast, Burleigh eateries of James Street, multiple community markets run each
Heads is located midway between Mermaid Beach and month, accompanied by live music and entertainment. Further
Currumbin. Undoubtedly its most iconic feature is the mature to this, the region’s second-largest shopping mall, Robina Town
Norfolk pines lining the parkland foreshore and the visually Centre, is less than 3km away.
dominant headland that anchors the suburb.
Bond University, one of Queensland’s most sought-after tertiary
Removed from the more densely populated tourism hubs of institutions is within similar proximity, as well as numerous highly-
Surfers Paradise and Broadbeach, Burleigh Heads is considered regarded schools including St Andrews Lutheran College, Arcadia
a highly-desirable location by long-time Gold Coast residents. College, Marymount College and All Saints Anglican School.
Such appeal and demand also make it a prime residential
investment location. The immediate and surrounding area features an array of sporting
and recreation facilities for public enjoyment. At the same time,
In July 2020, Realestate.com.au identified Burleigh Heads as Burleigh Heads boasts excellent accessibility and connectivity via
one of Queensland’s top 10 growth suburbs of the previous the Gold Coast Highway, Pacific Motorway and rail connection
five years, outperforming Surfers Paradise and Broadbeach. As to Brisbane. The extension of the $3B Gold Coast Light Rail from
the Gold Coast’s second most searched suburb by overseas Broadbeach will serve to supplement existing connectivity and
purchasers, its familiarity, reputation, and desirability among non- drive additional public and private investment in the suburb.
locals has grown significantly in recent times.
Suburb Profile | Burleigh Heads
Being in close reach of the Gold Coast International Airport also BURLEIGH HEADS POPULATION AGE PROFILE
makes Burleigh Heads an attractive location for residents and 2,000
1,800
visitors alike, with direct links to overseas destinations and major
1,600
Australian cities. 1,400
1,200
1,000
Population Growth 800
600
400
Burleigh Heads’ residential population has grown by 200
0
approximately 13% over the previous decade. Forward 0-5 yrs 6-12 yrs 13-19 20-25 26-35 36-45 46-55 56-70 71-79 80+ yrs
yrs yrs yrs yrs yrs yrs yrs
projections see it increasing by more than a third again by 2036,
2006 2016
requiring at least 1,300 additional new dwellings to house the
Source ABS
local population.
BURLEIGH HEADS POPULATION - HISTORIC & FORECAST
Employment Growth
Historic
12,000 Forecast In the 15 years preceding the 2016 Census, Sydney and
Melbourne experienced a 32% and 42% increase in jobs
+31%
10,000 respectively, while Gold Coast jobs increased by 63%. In
+13%
Burleigh Heads, the number of local employment opportunities
8,000 increased by an astounding 81%.
12,175
BURLEIGH HEADS LOCAL JOBS GROWTH
6,000
9,311 11,000 1 0 ,7 4 2
8,256
10,000
4,000
9,000
2,000
8,000
+81%
2009 2019 2036
Source ABS, GQSO 7,000
5,947
6,000
Residents of Burleigh Heads are well-educated, white-collar
professionals with significant financial capacity, particularly 5,000
compared to the broader Gold Coast and other key apartment 4,000
markets in the region.
3,000
BURLEIGH HEADS DEMOGRAPHICS 2,000
2001 2016
Source ABS
Burleigh Surfers Broad-
Heads Paradise beach
With strong local employment growth and highly qualified
Median Age 41 37 41
working population, Burleigh Heads’ most recently recorded
Australian Born 70.0% 44.6% 51.0% unemployment rate of 5.2% sits comfortably below the broader
University Qualification 21.0% 20.0% 20.4% Gold Coasts rate of 5.5%.
White Collar Professionals 38.0% 29.0% 34.6%
COMPARATIVE UNEMPLOYMENT RATES - MARCH 2020
Median Weekly Household Income $1,386 $1,136 $1,219
Median Weekly Family Income $1,743 $1,414 $1,496 7.0%
>$3,000 Gross Weekly Income 14.8% 9.7% 10.8%
6.0%
Source ABS
9.0%
5.0%
A shift in the area’s age profile shows strong growth in young and 5.7%
median aged professionals and a substantial rise in downsizers/ 5.5%
5.2%
4.0%
retirees. Such a change is indicative of an increased appetite for
low maintenance, lifestyle-led living options. These groups also
typically have a greater financial capacity to rent or purchase 3.0%
Southport Surfers Paradise Gold Coast Burleigh Heads
premium quality dwellings. Source: Australian Government Department of Education Skills and Employment
Residential Property Market SUBURB FREE-STANDING DWELLING COMPOSITION
Highlighting Burleigh Heads’ status as an extremely desirable 45.0%
lifestyle location, houses sold during June 2020 commanded an 40.0%
average 37%, or $245,000, premium over those sold across the 35.0%
region during the same month. 30.0%
25.0%
MEDIAN HOUSE PRICE - JUNE 2020 20.0% 39.9%
$1,000,000 15.0% 28.3%
$910,000
$900,000 10.0%
5.0% 11.7%
$800,000 +$245,000 0.7%
$700,000 $665,000 0.0%
Broadbeach Surfers Paradise Southport Burleigh heads
$600,000 Source: ABS
$500,000
$400,000
OWNER-OCCUPIED DWELLINGS
$300,000
$200,000 60.0%
$100,000
$0 50.0%
Gold Coast Burleigh Heads
Source: Pricefinder
40.0% 60.2%
The suburb features a high volume of free-standing homes,
30.0% 39.9% 40.7%
relative to comparable key apartment markets, along with a 37.9%
high proportion of owner-occupiers. This provides a crucial
differentiation for Burleigh Heads, as it favours future investment 20.0%
Southport Surfers Paradise Broadbeach Burleigh Heads
prospects for attached dwellings.
Source: ABS
The reason for this is that it provides a “safety net” to the
High demand for the limited rental properties available has
apartment market, or a logical position from which units should
resulted in strong rental growth, particularly in the last two years.
be valued, not just an “investment yield value”. Further, a larger
proportion of affluent owner-occupiers indicates a less volatile,
more sustainable market than one primarily supported by investor BURLEIGH HEADS 2 & 3 BED RENTS (6-MONTH AVG TO JUNE)
demand.
$535
$530
$525
$520
$534
$515
$522
$510
$513 $514
$505
$500
2017 2018 2019 2020
Source: RTA
With residential vacancy rates falling to 2.2% in June, Burleigh
Heads’ rental market is considered tight and under-supplied, and
additional rental increases will inherently follow. Reflecting this,
apartment investment yields are considerably high, while median
apartment prices have increased 55% in the previous eight years.Suburb Profile | Burleigh Heads
COMPARATIVE VACANCY RATES - JUNE 2020 BURLEIGH HEADS APARTMENT MARKET SALES CYCLE
$600,000 $570,000 1000
8.00%
$550,000
7.00% 800
$500,000
6.00%
$450,000 600
5.00% $400,000
$350,000 400
4.00% 7.90% $ 3 6 7 ,0 0 0
$300,000
3.00% 200
$250,000
2.00%
3.60% $200,000 0
2.40% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1.00% 2.20% FY FY FY FY FY FY FY FY FY FY
0.00% Median Price No. Sales
Surfers Paradise Broadbeach Southport Burleigh Heads Source: Pricefinder
Source: SQM Research
APARTMENT GROSS RENTAL YIELDS - JULY 2020
7.00%
6.00%
5.00%
6.70%
4.00%
5.30%
3.00%
3.60% 3.60% Apartment resale results further substantiate the underlying
long-term health and considerable value growth that has been
2.00%
experienced in the Burleigh Heads apartment market.
Sydney Melbourne Gold Coast Burleigh Heads
Source: SQM Research
Exponentially increasing demand, set against a constrained
ability to supply new housing stock, will inevitably ensure
sustained and substantial future price growth for Burleigh Heads.
BURLEIGH HEADS APARTMENT RESALE PERFORMANCE
Initial Sale Avg. Annual
Address Initial Sale Date Resale Price Resale Date Hold Period Total Growth
Price Growth
8/202 The Esplanade $625,000 22/01/2019 $790,000 8/04/2020 1.2 $165,000 $136,256
2/48 The Esplanade $750,000 20/01/2018 $1,310,400 28/02/2020 2.1 $560,400 $265,990
2/53 Hayle St $1,172,000 19/12/2015 $1,900,000 15/02/2020 4.2 $728,000 $174,931
25/ 1941 Gold Coast Hwy $440,000 19/03/2019 $610,000 11/10/2019 0.6 $170,000 $301,214
2/16 Djerral Ave $410,000 28/06/2018 $615,000 19/09/2019 1.2 $205,000 $167,020
4/44 The Esplanade $745,000 13/03/2018 $950,000 25/07/2019 1.4 $205,000 $149,950
6/112 The Esplanade $1,500,000 17/02/2017 $1,967,678 23/07/2019 2.4 $467,678 $192,666
1101/1855 Gold Coast Hwy $460,000 12/05/2017 $695,000 7/06/2019 2.1 $235,000 $113,459
4/ 112 The Esplanade $1,300,000 25/10/2018 $2,000,000 7/05/2019 0.5 $700,000 $1,317,010
48/60 Goodwon Tce $1,200,000 19/10/2016 $1,650,000 12/04/2019 2.5 $450,000 $181,492
AVERAGE 1.8 $341,525 $238,031
BRISBANE | GOLD COAST | SUNSHINE COAST
1300 336 989 | info@mosaicproperty.com.au
mosaicproperty.com.au
This report has been compiled by Mosaic Property Group utilising the noted data sources. There is to be no reproduction, distribution, or transmission of this report, whether in whole or in part, without
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publication. Mosaic Property Group does not warrant the information’s accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage
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