Burleigh Heads is a picturesque suburb located on the Gold Coast, known for its stunning beaches, natural beauty, and vibrant community. It’s also home to a thriving real estate market, with a range of properties available for buyers and investors. Here’s what you need to know about the Burleigh Heads real estate market:
Property types – Burleigh Heads offers a range of property options for buyers, including apartments, townhouses, and houses. Many of these properties offer stunning ocean views and easy access to the beach, making them highly desirable. Additionally, there are many new development projects currently underway in the area, which are expected to add even more options to the market.
Prices – While prices in Burleigh Heads can be high, they are generally more affordable than some of the other popular suburbs on the Gold Coast, such as Surfers Paradise and Broadbeach. The median house price in Burleigh Heads for last 12 months to February 2023 was around $1.4 million, while the median apartment price was around $880,000. These prices are expected to continue to rise in the coming years, making Burleigh Heads a great investment opportunity.
Demand – Demand for property in Burleigh Heads is high, with many buyers attracted to the area’s natural beauty, community atmosphere, and beach lifestyle. The area is particularly popular with families and retirees, who appreciate the range of amenities and activities available in the area. As a result, properties in Burleigh Heads often sell quickly, making it important for buyers to act fast if they see a property they like.
Challenges – One of the challenges facing the Burleigh Heads real estate market is the limited supply of properties available. With demand high and new developments still under construction, it can be difficult for buyers to find the right property in the area. Additionally, the high prices and competition among buyers can make it challenging for some to enter the market.
Overall, the Burleigh Heads real estate market offers a range of opportunities for buyers and investors alike. With a range of properties available, a growing market, and a highly desirable location, Burleigh Heads is a great place to invest in property on the Gold Coast. As long as buyers are aware of the challenges and opportunities in the market, they can make smart decisions and enjoy the many benefits of owning property in this beautiful suburb.