Runaway Bay is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4216). With a population of 9,308, the suburb has a mature demographic with a median age of 54. Households earn a median income of $72K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Runaway Bay is $1.7 million, having surged 12.2% over the past year. Units have a median price of $840,000 (+23.4% YoY). The current median weekly rent is $790. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,000.
Runaway Bay is served by 1 school, including 1 primary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 34 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Runaway Bay offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.7M/$1.1M), placing it in the premium segment. The price-to-income ratio of 23.0x is considered stretched. House prices have moved +12.2% year-on-year.
Runaway Bay is a mid-sized suburb in Queensland within the Gold Coast local government area (postcode 4216). With a population of 9,308, the suburb has a mature demographic with a median age of 54. Households earn a median income of $72K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Runaway Bay is $1.7 million, having surged 12.2% over the past year. Units have a median price of $840,000 (+23.4% YoY). The current median weekly rent is $790. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,000.
Runaway Bay is served by 1 school, including 1 primary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 34 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Runaway Bay offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.7M/$1.1M), placing it in the premium segment. The price-to-income ratio of 23.0x is considered stretched. House prices have moved +12.2% year-on-year.