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Analyst2 April 2026·Updated 15 September 2026·3 min read
Someone Paid $1,550,000 for This Burleigh Waters Home. Eighteen Months Later, It Sold for $3,465,000.
Between May 2023 and December 2024, this property on Banksia Broadway gained $1,915,000 in value. The transaction history tells a story about what Burleigh Waters rewards.
Between May 2023 and December 2024, this property on Banksia Broadway gained $1,915,000 in value — more than most homes in the suburb are worth in total. The transaction history tells a story about what Burleigh Waters rewards, and what it used to cost to get in.
The Property
27 Banksia Broadway sits on 536 sqm in one of Burleigh Waters' established pockets, approximately 500 metres from the beach. It's a four-bedroom, three-and-a-half-bathroom house across two storeys, designed by Jayson Pate and built by HNKN — a builder with a reputation in the Gold Coast luxury market. The floor plan includes a 25.2 sqm living area, separate dining, covered alfresco, retreat upstairs, and a double carport. The master bedroom runs 18.5 sqm.
The property scored a 9 out of 10 for overall condition, reflecting the reality that this is an entirely new build on an existing lot. Contemporary flat-roof design, high-end finishes throughout.
4-bedroom House at 27 Banksia Broadway, Burleigh Waters
This property has changed hands — or been listed — eleven times since records began. Here's every recorded event:
Date
Event
Price
Dec 2024
Sold — Private Treaty
$3,465,000
May 2023
Sold — Private Treaty
$1,550,000
Jul 2022
Rented
$850/week
Aug 2021
Rented
$750/week
Dec 2019
Rented
$625/week
Oct 2019
Sold — Private Treaty (5 days on market)
$945,000
Sep 2018
Sold — Private Treaty
$922,500
Dec 2012
Rented
$530/week
Four sales. Four different prices. The trajectory from $922,500 to $3,465,000 took six years — but the decisive move happened in the last eighteen months.
What Happened Between $1,550,000 and $3,465,000
The May 2023 buyer paid $1,550,000 for what was, at that point, a rental property last leased at $850 per week. The previous two sales — $922,500 in 2018 and $945,000 in 2019 — suggest the original structure was a fairly standard Burleigh Waters home on a modest lot.
What followed was a knock-down rebuild. The new build — contemporary two-storey, designer-credited, builder-credited — transformed a sub-million-dollar rental into a $3.47 million luxury residence. The December 2024 sale price landed at $3,465,000.
The $1,915,000 price difference between purchase and sale doesn't represent pure profit — construction costs for a build of this calibre in the current market would account for a significant portion. But the gap between the $945,000 the property traded at in 2019 and its $3,465,000 sale five years later illustrates what a 536 sqm lot within walking distance of Burleigh Beach can become when the right build meets the right market.
The Rental History Tells Its Own Story
Before the rebuild, this address was a rental. The rent progression — $530/week in 2012, $625 in 2019, $750 in 2021, $850 in 2022 — shows steady but unspectacular growth over a decade. At $850/week, the gross yield on the 2019 purchase price of $945,000 was approximately 4.7%.
The May 2023 buyer clearly wasn't buying for yield. At $1,550,000, the existing rental income of $850/week would have returned under 2.9% gross. The premium over the 2019 price reflected the land value — 536 sqm of Burleigh Waters dirt, 500 metres from the sand.
Where This Fits in Burleigh Waters
The $3,465,000 sale places 27 Banksia Broadway in the upper tier of Burleigh Waters transactions but well below the suburb's peak results. For context, 76 Dipper Drive sold for $5,100,000 in September 2025, and 44 Auk Avenue traded at $3,250,000 around the same period. The common thread among Burleigh Waters sales above $3 million: new or near-new builds on lots with proximity to the beach or waterfront.
What makes the Banksia Broadway transaction distinctive isn't the final price — it's the speed. From $1,550,000 to $3,465,000 in eighteen months is a transformation that few properties in the suburb can match in recent years.
Licensed Queensland real estate agent, founder of Fields Real Estate and Lead Analyst at Fields Research. Covering Gold Coast market data, comparable sales analysis and suburb intelligence.
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