Features
Beachfront living, Seaworld, two minutes
to Surfers Paradise
Main
Beach is the centre of the Gold Coast
social scene, with the busy little
retail and dining strip on Tedder Avenue
as the place to be seen. Not only do
locals enjoy the caf� culture of Tedder
Avenue, but it is also a popular hangout
for visiting international and
Australian celebrities, with many a
famous face and expensive sports car
spotted along the renowned restaurant
strip.
Main Beach was the talk of the town
early this year (2005) when a humble
two-storey beach shack on 963 square
metres of prime Main Beach beachfront
sold to a mystery buyer for $13 million
moments before it was due to be
auctioned, in what is thought to be a
record for a Queensland residential
property.
Many wealthy personalities and retirees
own second residences at Main Beach -
further evidence of the desirability of
this location. With the Pacific Ocean on
one side and the Nerang River Broadwater
on the other, this suburb has no more
room to expand which explains the
premium price tags attached to Main
Beach properties.
The median house price for Main Beach
rose by 194.4 per cent in the five years
to March, with the year to March
recording a median of $1,325,000 -
considerably higher than the wider Gold
Coast's median of $345,000 for the same
period. Units and townhouses have also
grown in value, climbing by 53.8 per
cent in the five years to March. The
median price achieved for a
unit/townhouse in the March quarter was
$458,750 - again ahead of the wider
city's median of $260,000.
Main Beach recorded a rental yield of
3.4 per cent for units and townhouses
over the March quarter, less than the
Gold Coast's rental return of 4.8 per
cent. According to the 2001 Census,
there were 30,416 people living in the
Surfers Paradise region which includes
Main Beach. The median age was 40,
compared to the wider Gold Coast's
median age of 38. The median individual
income was between $400 and $499 - less
than the city's median of between $600
and $699.
Of all occupied private dwellings, 32.4
per cent were either fully owned or
being purchased and 39.5 per cent were
being rented. Sea World is located at
Main Beach, along with the acclaimed
Marina Mirage shopping complex, Sheraton
Mirage and the world's first Palazzo
Versace. North of Main Beach is The Spit
where dune vegetation exists in its
natural state.
Breathtaking views have been capitalised
on by developers who have built a number
of high-rises to the east of Tedder
Avenue. However, high-rise development
is prohibited to the west, with stunning
homes, villas and townhouses featured
here instead
Source: REIQ
