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Benowa

POSTAL CODE: QLD, 4217
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BENOWA, 4217 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling BENOWA, 4217 values up and netting property investors a capital gain of 5.9% for the past year.

Investors saw the median home price rise to $1,750,000.

Profits due to an upward trend in home prices in the suburb averaged 5.56% per annum over a 3-year period.

BENOWA now ranks at the 772nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BENOWA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $1250 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BENOWA, homes and units usually stay on listing for an average of 59.4 days.

In 2016, 145 properties were sold in BENOWA during the past year, making it the 786th most active market in QLD based on total real estate transactions.

Surburb overview

Benowa is a Gold Coast, Queensland suburb located approximately 3.8 kilometres southwest of Surfers Paradise and 75.3 kilometres southeast of Brisbane.

As of 2023, Benowa has an estimated resident population of 10,414, with a population density of 1,587 persons per square kilometre.

Public transport services in Benowa include TransLink bus routes connecting the suburb to Southport, Surfers Paradise, and other parts of the Gold Coast. The Gold Coast Light Rail system, with the nearest station in Southport, provides additional connectivity. Major roadways such as the Gold Coast Highway and Pacific Motorway are easily accessible for those commuting by car.

Benowa offers a range of essential establishments, including the Benowa Gardens Shopping Centre, which houses supermarkets, specialty stores, and dining options. The suburb is also home to Pindara Private Hospital, which provides comprehensive medical services. Educational institutions include Benowa State School, Benowa State High School, and St Kevin's Catholic School, which cater to primary and secondary students.

Recreational activities are abundant in Benowa. The Gold Coast Regional Botanic Gardens offers walking trails, picnic areas, and themed garden displays. Golf enthusiasts can enjoy the Royal Pines Resort Golf Course, which hosts significant golfing tournaments. Sir Bruce Small Park also provides Australian rules football, cricket, and baseball facilities catering to various sporting interests.

With its central location, diverse amenities, and recreational opportunities, Benowa continues to be a sought-after suburb for residents seeking a balanced lifestyle on the Gold Coast.

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