OFF MARKET

5/16 Ocean Street
Runaway Bay QLD 4216

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
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Last updated 11 Nov 2024
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Property Details for 5/16 Ocean St, Runaway Bay

5/16 Ocean St, Runaway Bay is a 2 bedroom, 2 bathroom Unit with 2 parking spaces.

Building Type
Unit
Local Government
Gold Coast City

Last Listing description (October 2020)

This neat and tidy two level unit will not last long!

Situated in a quiet complex consisting of a small block of 5, it is across the street from the Broadwater and seconds to the boat ramp.

- Good size gallery style kitchen

- 2 bathrooms
- Timber flooring throughout
- Own private large courtyard/entertainment area pets are welcome
- Lock up garage & open air parking in designated space in addition to on street parking available
- On direct bus route to Runaway Bay Shopping Village and a half minute walk to local cafes.

6 Month lease on offer

Short distance to the following:
* 5.9 Klm to Gold Coast University Hospital
* 3.0 Klm to Harbour Town Shopping Centre
* 2.0 Klm to Runaway Bay Shopping Village

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Property History for 5/16 Ocean St, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Listed for Rent
$350/w
29 Oct 2020
  • 22 Oct 2020
    Listed for Rent $350 / week

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About Runaway Bay 4216

The size of Runaway Bay is approximately 5.3 square kilometres. It has 12 parks covering nearly 26.4% of total area. The population of Runaway Bay in 2011 was 8,912 people. By 2016 the population was 9,066 showing a population growth of 1.7% in the area during that time. The predominant age group in Runaway Bay is 60-69 years. Households in Runaway Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runaway Bay work in a professional occupation. In 2011, 65.2% of the homes in Runaway Bay were owner-occupied compared with 66.5% in 2016.

Runaway Bay has 5,303 properties. Over the last 5 years, Houses in Runaway Bay have seen a 88.45% increase in median value, while Units have seen a 86.98% increase. As at 31 October 2024:

  • The median value for Houses in Runaway Bay is $1,698,357 while the median value for Units is $957,286.
  • Houses have a median rent of $1,000 while Units have a median rent of $700.
There are currently 61 properties listed for sale, and 6 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 275 properties were sold in the past 12 months in Runaway bay.

Suburb Insights for Runaway Bay 4216

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.