Runaway Bay Property Market Data 2019

Escape enthusiasts will adore Runaway Bay and not just for the name which was coined to promote the area as a tranquil retreat. Bracketed by South Stradbroke Island to the east and a colourful canal system to the west, it’s simple to see why this northern Gold Coast suburb was originally better known as Angler’s Paradise. It’s a fishing feast galore here where you can opt for deep sea reef and game fishing, or select the more sedate option of dropping your line in a calm water estuary.

The waterways around here are known for their local snapper, kingfish, pearl perch, tuna, wahoo or mackerel or if you venture out deeper, you might just bag yourself a marlin or sailfish. In the early 1970s, this parcel of land was transformed into the more upmarket Runaway Bay, but the laid-back vibe remains.

These days, there’s a local marina packed with luxury yachts and cruisers and also plenty of options through which to explore the local waterways through houseboat hire. You don’t need the big bucks either as there’s plenty of budget options. Landlubbers will enjoy the Runaway Bay Shopping Centre, while sports enthusiasts will be drawn to the aquatic and sports centres nearby such as the Sports Super Centre. This is a premier sports training and events facility which accommodates athletics, cricket, AFL, netball, soccer and indoor sports. The sports centre includes a stadium, sports medicine facility, gymnasium and Olympic aquatic centre.

All up Runaway Bay sounds like the perfect escape to us.

(Information from Wikipedia (Runaway Bay) and destinationgoldcoast.com 19th November, 2019)

MARKET STATISTICS

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

SUPPLY AND DEMAND IN RUNAWAY BAY

• 348 – Visits per property in Runaway Bay (average)
• 402 – Visits per property in Queensland (average)

Median House Prices

• Buy – $992,500 (Price data last updated 31st October, 2019)
• Rent – $630 PW (Rent data last updated 21st November, 2019)

Median Unit Prices

• Buy – $477,500 (Price data last updated 31st October, 2019)
• Rent – $410 PW (Rent data last updated 21st November, 2019)

Lifestyles and Demographics of Runaway Bay

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

• 16.7% Elderly Couples
• 16.0% Older Couples & Families
• 13.9% Elderly Singles
• 11.2% Maturing & Established Independence
• 10.9% Established Couples & Families
• 10.1% Older Independence
• 9.9% Independent Youth
• 7.2% Maturing Couples & Families
• 3.0% Elderly Families
• 1.0% Young Families

(Information from realestate.com.au 22nd November, 2019)

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