Benowa (postcode 4217) is a mid-sized suburb in Queensland within the Gold Coast local government area. With a population of 9,889, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $100K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Benowa has a median house price of $1.8 million, which has jumped by 20% year-on-year. Units have a median price of $870,000 (-4.9% YoY). The current median weekly rent is $1050. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,167.
Benowa is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1075, which is above the national average of 1,000. Public transport access includes 17 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Gold Coast LGA is moderate at 5,699 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.0% (moderate yield). Property prices are above the state median ($1.8M/$1.1M), placing it in the premium segment. The price-to-income ratio of 18.0x is considered stretched. House prices have moved +20.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.