SOLD
Sold on 09 May 2024 for $1,700,000

31 Madang Crescent
Runaway Bay QLD 4216

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 241m2
Land area: 300m2
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Property Details for Lot 1/31 Madang Cres, Runaway Bay

Lot 1/31 Madang Cres, Runaway Bay is a 3 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 2024. The property has a land size of 300m2 and floor size of 241m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in Runaway Bay in the last 12 months.

Building Type
Unit
Year Built
2024
Floor Size
241m2
Land Size
300m2
Local Government
Gold Coast City
Lot/Plan
1/SP341032

Property History for Lot 1/31 Madang Cres, Runaway Bay, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$1,700,000
09 May 2024
Listed for Rent
$1.40k/w
21 May 2024
  • 09 May 2024
    Sold for $1,700,000

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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 5,302 properties. Over the last 5 years, Houses in Runaway Bay have seen a 83.37% increase in median value, while Units have seen a 80.51% increase. As at 30 September 2024:

  • The median value for Houses in Runaway Bay is $1,661,838 while the median value for Units is $924,584.
  • Houses have a median rent of $1,000 while Units have a median rent of $700.
There are currently 57 properties listed for sale, and 9 properties listed for rent in Runaway bay on OnTheHouse. According to CoreLogic's data, 257 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.