Broadbeach was first surveyed as a township in 1934. Sand mining of the local dunes began during this period and in the 1950s Lennons Hotel was constructed in what was then a ‘desert’ of sand. The 5 storey hotel was the Gold Coast’s tallest building at the time and enjoyed a glamorous reputation, but is wasn’t until the 1970’s that development in the greater Broadbeach area really got under way.
Today, Broadbeach real estate offers great diversity of lifestyle. A vast array of lavishly appointed apartment towers, many with shops and cafes at street level, line the beachside streets surrounding the lively Broadbeach Mall. Several residential-only beachfront buildings feature luxury apartments each occupying an entire floor. Even the older high rises feature swimming pools, saunas and gymnasiums, and usually have one or two penthouses on the top levels with ‘sub penthouses’ directly below.
Besides neighborhood shops and cafes, Broadbeach boasts what will become the largest shopping centre in the southern hemisphere, Pacific Fair, which has recently undergone a $670 million transformation. Just a stroll away are the Gold Coast Convention & Exhibition Centre the newly revamped Star Casino and The Darling Hotel, where award-winning restaurants and lively bars meet stage shows and a 24 hour casino, all conveniently adjacent to the new light rail route for ease of access.
While Broadbeach real estate is characterised by high-rise towers and smaller apartment buildings with very few individual houses, Broadbeach Waters is generally comprised of renovated canal-front homes and newer executive dwellings created through demolishing and rebuilding. Pick almost any waterfront street in Broadbeach Waters and there will be renovation or redevelopment underway, from family homes to multimillion-dollar mansions.
Apart from grand homes on the banks of the Nerang River, Broadbeach Waters incorporates several canal estates established from the 1960s to the 1980s, including Miami Keys, Florida Gardens, Rio Vista and Cypress Gardens, all named by developers for marketing purposes. While not suburbs in their own right, these area names are familiar to long-term locals who have watched Broadbeach real estate evolve from a few sparse canals adjoining Little Tallebudgera Creek and the Nerang River into one of the Gold Coast’s most in-demand property hot spots.
It seems inevitable that Broadbeach real estate will continue to escalate in value due to its rarity as a central ‘in-town’ address with the enviable options of beach-view highrise apartments and private waterfront homes. Canal-front residents are only a few minutes’ drive or tram ride from all popular attractions, including Surfers Paradise, while still enjoying their own private sand beach and boat mooring with fast ocean access.