Benowa Property Market Data 2020

Benowa is located 3 kilometres west of Surfers Paradise making it close to all your favourite activities, restaurants and tours without being right in the middle of it all!

The European use of the word dates back to the days when sugar cane grew on the banks of the Nerang River. Pioneer sugar planter, Robert Muir, used the name Benowa for the family’s sugar plantation established on the northern bank of the Nerang River in 1870.

Benowa is attracting a fair amount of attention from renovators with some of the original homes being built around the 1980s, due to its great proximity to Surfers Paradise, and Broadbeach and with so many great facilities within the area. Benowa is renowned for its canals with easy access to the Nerang River.

The RACV Royal Pines Resort is home to professional Golf tournaments such as the Australian PGA Championship and the Australian Ladies Masters. The Tennis facilities are often used by the Australian Fed Cup team to host Fed Cup ties.

(Information from Wikipedia (Benowa) and destinationgoldcoast.com 9th January, 2020)

MARKET STATISTICS

The level of competition in a suburb can affect prices and availability

SUPPLY AND DEMAND IN BENOWA

• 403 – Visits per property in Benowa
• 407- Visits per property in Queensland

Median House Prices

• Buy houses – $868,000 (Price data last updated 19th December, 2019)
• Rent houses – $740 PW (Rent data last updated 7th January, 2020)

Median Unit Prices

• Buy units – $542,000 (Price data last updated 19th December, 2019)
• Rent units – $740 PW (Rent data last updated 7th January, 2020)

The Lifestyles of Benowa Residents

The lifestyle of a suburb is often influenced by who lives there.

• 20.2% Established Couples & Families
• 19.9% Older Couples & Families
• 10.5% Maturing & Established Independence
• 8.9% Elderly Families
• 8.5% Maturing Couples & Families
• 8.5% Independent Youth
• 7.8% Older Independence
• 7.2% Elderly Singles
• 6.4% Elderly Couples
• 2.1% Young Families

(Information from realestate.com.au 9th January, 2020)