 Thinking about building a new home in Broadbeach, Queensland? Our Suburb Property Profile is the first step in researching the location of your new home. Whether you have already purchased a vacant block of land, looking for a house and land package or to knockdown and rebuild, you'll want...

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Suburb Property Profile: Broadbeach, QLD 4218

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Thinking about building a new home in Broadbeach, Queensland? Our Suburb Property Profile is the first step in researching the location of your new home. Whether you have already purchased a vacant block of land, looking for a house and land package or to knockdown and rebuild, you'll want to discover all you can about your chosen suburb.
<h2>Location Demographics</h2>
Broadbeach offers an ideal blend of sun, sand and surf. The lively suburb can be found just 6kms east from the heart of Gold Coast and around 4 kilometres outside iconic Surfers Paradise- where you’ll find more than enough room to enjoy your morning coffee without being joined by crowds! With a range that extends all along both coastlines in this serene setting awaits its next victim; 83km away lies Brisbane's busy Central Business District.

The area is a popular holiday destination and has attracted tourists, interstate visitors, couples and families to settle in the neighbourhood. In 2021, the Australian Bureau of Statistics has estimated a population of 6,800 residents in the 2021 Census and close to 5,900 private dwellings built. At the moment, there are 1,600 families calling Broadbeach home and the median age is 46 years old.

<img class="alignnone size-full wp-image-13757" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Broadbeach-IBN.jpeg" alt="" width="624" height="351" />
<h2>Travel &amp; Infrastructure</h2>
In addition to the multiple public transport services available, Broadbeach is also situated close to some of the Gold Coast's major roadways, including the Pacific Motorway and Gold Coast Highway. This makes for easy commuting for those who need to travel further afield.

As the southern terminus of the G:link light rail line, Broadbeach South Station provides easy access to the heart of Broadbeach and its many attractions. The station is also home to 2 light rail platforms and 2 bus platforms, making it a convenient stop for those travelling in either direction. The Broadbeach North light rail station also allows direct access for travellers at a central location, offering a taxi rank and ample parking.

Some of the bus services that operate in Broadbeach include the 715, 727, 733, 737 and 739 with stops along Surf Parade, Old Burleigh Road and more within the vicinity. Drivers also have easy access to the Gold Coast Highway, which makes travelling to and from Broadbeach a breeze.

<img class="alignnone size-medium wp-image-13758" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Broadbeach-Star-IBN-800x521.jpeg" alt="" width="800" height="521" />
<h2>Shopping</h2>
If you're looking for a retail fix, the Pacific Fair Shopping Centre is a great option. Located along Hooker Boulevard, it's filled with retail brands, department stores, boutiques and more. You're sure to find something you love!

The beachfront complex Oasis Shopping Centre on Surf Parade is also nearby, providing even more services and delicious international dining options.

Not only does Broadbeach Tavern have live music, it has great food as well. It's the perfect place to hang out with friends and enjoy a great meal. Cafes nearby also offer fantastic views of the beach as well as great coffee and food, making it a lovely spot to relax and take in the natural beauty of Broadbeach. If you're looking for nightlife, look no further than Main Place Shopping Centre and the Niecon Plaza for either a relaxed evening out or a wild night on the town.
<h2>Schools &amp; Recreation</h2>
There are a number of schools in the area that families can choose from, including Broadbeach State School on Alexandra Avenue for primary school-aged children. The Gold Coast Surf Academy and Arts Academy are also nearby, which offer extracurricular activities for students. Parents can send the younger ones to Broadbeach Community Kindergarten just outside downtown core. For higher education opportunities, Bond University and Griffith University Gold Coast campus are both right at your doorstep, offering everything from arts management diplomas to computer science degrees.

The Star Gold Coast is a resort with endless entertainment options for all ages. There are music shows, live performances and upscale restaurants by the lakeside to keep you entertained at any time of day or night! You can also catch an event in town - like conferences &amp; expos running monthly- that will give you something new every single visit.

The Cascade Gardens is a great place to relax by the riverside, which features rainforest walks, picnic areas and a wildlife sanctuary. Every first and third Sunday of the month, you can check out the Art &amp; Craft Markets at Kurrawa Park next door and have some fun swimming with family or reading books on the vast shoreline while the kids play outside in the rugby and soccer fields. Outdoor exercise equipment is also available at the nearby Paula Stafford Park if needed.

Looking to build a new home or looking for a builder in Broadbeach? Give one of our experts a call on 1800 184 284 today.

<img class="alignnone size-full wp-image-13759" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Broadbeach-IBN-city.jpeg" alt="" width="624" height="416" />

 The spring selling season is now well advanced, with growing signs over October of an emerging revival in buyer and seller activity. At the same time, rises in new build costs are yet to retreat in any way. House Prices Higher Over October Capital city housing markets continue to report...

Guides

Build Costs Still Rising in a Housing Markets Spring Revival - October 2022 Market Wrap Up

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The spring selling season is now well advanced, with growing signs over October of an emerging revival in buyer and seller activity. At the same time, rises in new build costs are yet to retreat in any way.
<h2>House Prices Higher Over October</h2>
Capital city housing markets continue to report improved outcomes following the winter of discontent, with monthly house prices generally steadying over October.

The latest data from My Housing Market reveals that asking prices for established houses listed for sale in Sydney were steady over October compared to the previous month, which was an improvement on the 0.5% fall recorded over September.

All other capitals reported marginal increases in median house prices over October, with Perth up 0.9%, Melbourne 0.4% and Brisbane higher over the month by 0.3%. Adelaide house prices however increased sharply by 3.0%.

Adelaide and Brisbane house prices remain significantly higher than recorded over October 2021 – up by 20.9% and 18.8% respectively. Perth annual house prices have increased by 9.1% with Melbourne higher by just 1.7%. Sydney house prices however have fallen by 0.5% compared to October 2021.
<h2>Monthly Median Established House Asking Prices - October 2022</h2>
<img class="alignnone size-full wp-image-13766" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Monthly-Median-Established-House-Asking-Prices-October-2022.jpg" alt="Monthly Median Established House Asking Prices - October 2022" width="745" height="192" />

Asking prices for established units listed for sale produced positive results across the board over October, with all capitals reporting growth over the month.

Adelaide was again top performer with median house prices increasing by 4.1% followed by Melbourne up 1.5%, Perth 1.4%, Brisbane 0.5% and Sydney where asking prices increased marginally by 0.2% over October.

Adelaide and Brisbane also reported the highest growth in unit prices over the year, higher by 17.5% and 15.2% respectively, followed by Perth 4.9% and Melbourne up just 0.2%. Sydney unit prices however have fallen by 1.4% over the past year.
<h2>Monthly Median Established Unit Asking Prices - October 2022</h2>
<img class="alignnone size-full wp-image-13767" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Monthly-Median-Established-Unit-Asking-Prices-–-October-2022.jpg" alt="Monthly Median Established Unit Asking Prices – October 2022" width="762" height="187" />
<h2>Unit Rents Now Surging</h2>
Capital city unit rents have continued to outpace the growth of house rents as tenants seek more affordable options to high-priced houses.

House rents were steady again in Sydney, Melbourne and Brisbane over the month with Adelaide lower by 2.0% and Perth higher by 3.8% over the month.

All capitals however have reported significant rises on house rents over the year ending October with Perth the top performer – higher now by a remarkable 20.0%.
<h2>Median Weekly Asking Rents - October 2022 (Houses)</h2>
<img class="alignnone size-full wp-image-13768" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Median-Weekly-Asking-Rents-October-2022-Houses.jpg" alt="Median Weekly Asking Rents October 2022 Houses" width="796" height="196" />

Sydney remains the most expensive capital for weekly asking house rents at $650 with Melbourne still the most affordable at $490.

Capital city house rental vacancy rates for houses remain at low levels, with Melbourne and Perth falling over the month and Sydney, Brisbane and Adelaide Perth steady.

Unit rents have however continued to rise in all capitals, with Perth higher by 3.9% and Brisbane up 3.1% over the month.
<h2>Median Weekly Asking Rents - October 2022 (Units)</h2>
<img class="alignnone size-full wp-image-13769" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/Median-Weekly-Asking-Rents-October-2022-Units.jpg" alt="Median Weekly Asking Rents October 2022 Units" width="794" height="194" />

Unit rents have also increased sharply over the past year in all capitals, with Sydney the top performer now higher by 21.5% followed by Melbourne up similarly by 20.9% - making rental yields for investment property owners extremely attractive.

Vacancy rates for units continue at low levels with Melbourne now plunging below 2%, the first time since early 2020 when the pandemic began.

Sydney continues with the highest weekly unit rent at $580 with Adelaide the most affordable at $400.
<h2>New Home Building Falls Over September</h2>
New home building fell sharply over September following the steep rise recorded over the previous month, with the ABS reporting a 5.4% decrease in seasonally adjusted dwelling building approvals.

The reversal in overall dwelling approvals was due primarily to a 7.8% fall in houses, with approvals for units down by 1.8% over the month.

Dwelling approvals are now 19.7% lower over the first 9 months of 2022 compared to the same period in 2021, with houses down 23.3% and units lower by 12.6%.

<img class="alignnone size-medium wp-image-13770" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-National-Monthly-Dwelling-Building-Approvals-SA-September-22-800x482.jpg" alt="ABS National Monthly Dwelling Building Approvals SA September 22" width="800" height="482" />

The underlying quarterly trend for both house and unit building approvals continues to flatline – with the expectation of growing housing demand as immigrations numbers get back to pre-pandemic levels (and soon exceed such levels) a housing shortage looms large.

<img class="alignnone size-medium wp-image-13771" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Monthly-Building-Approvals-SA-September-22-800x474.jpg" alt="ABS Monthly Building Approvals SA September 22" width="800" height="474" />

Melbourne remains the clear leader in dwelling approvals over the 9 months ending September and ahead of Sydney for both houses and units.

<img class="alignnone size-medium wp-image-13772" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Building-Approvals-this-year-to-date-September-2022-800x402.jpg" alt="ABS Building Approvals this year to date September 2022" width="800" height="402" />

All capitals have reported declines in building approvals for houses over the first 9 months of this year compared to the same period in 2021. Melbourne and Adelaide however have recorded increased approvals for units over the year to date comparisons, with the other capitals reporting declines.

<img class="alignnone size-medium wp-image-13773" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Building-Approvals-this-year-to-date-September-22-v-Same-21-800x403.jpg" alt="ABS Building Approvals this year to date September 22 v Same 21" width="800" height="403" />
<h2>House Building Costs Rise Again Over September</h2>
House building costs increased sharply again over September for the second consecutive month according to the My Housing Market National New House Building Costs Index – fuelled by continued rises in material costs, and labour shortages across almost every trade associated with housing construction. While materials and trade availability is expected to improve over the year ahead as the post HomeBuilder stimulus subsides, it may take longer for building costs to retreat from current levels.

Monthly house building costs increased by 19.6% over the year to September 2022, however they remain below the recent peak annual rise of 24.3% reported over April this year.

<img class="alignnone size-medium wp-image-13775" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/National-House-Building-Costs-Index-800x449.jpg" alt="National House Building Costs Index" width="800" height="449" />
<h2>Home Loans Lower Again Over September</h2>
Home lending fell sharply over September with the rate of decline accelerating significantly compared to the more moderate August fall.

The ABS reports that the value of home loans seasonally adjusted (excluding land and alterations and additions) decreased by 7.8% over September compared to the previous month and is now 19.7% lower than reported over September 2021.

Home lending over the first nine months of 2022 is 4.7% lower than recorded over the same period last year.

<img class="alignnone size-medium wp-image-13776" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-National-Home-Loans-Seasonally-Adjusted-800x387.jpg" alt="ABS National Home Loans Seasonally Adjusted" width="800" height="387" />

All states recorded falls in seasonally adjusted home lending over September, with WA the underperformer falling by 12.0%.

<img class="alignnone size-medium wp-image-13777" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/ABS-Home-Loans-Monthly-Change-September-2022-800x404.jpg" alt="ABS Home Loans Monthly Change September 2022" width="800" height="404" />
<h2>Comment and Outlook</h2>
Capital city housing markets have continued to exhibit signs of a spring revival in buyer and seller activity following a winter of sharp declines.

House and unit asking prices again revealed generally modest monthly improvements over October for both houses and units following the positive early signs that emerged over September, with Adelaide reporting sharp monthly price increases.

Supporting improved price outcomes over October, average days on market have fallen over the month in all capitals for houses, and lower also for Melbourne and Adelaide units.

Weekend auction markets again recorded increased buyer and seller activity over October with all capitals with the exception of Brisbane recording higher clearance rates.

Rental markets remain tight for tenants generally, with record low vacancy rates for both units and houses in most capitals. Unit rents continue to surge as tenants gravitate to more affordable options to high-priced houses.

Tight rental markets reflect the chronic shortage of housing nationally with underlying levels of new building remaining well below the peak levels of 5 years ago. Dwelling building approvals were lower over September with activity still well below the same period in 2021.

House building costs continued to increase over September and remain significantly higher than recorded a year ago, acting to further constrain home building activity.

A strong national economy continues to support underlying housing market activity with the jobless rate remaining at record low levels, pushing up wages and supporting robust consumer confidence as evidenced by still-booming retail sales.

Although the RBA has predictably continued to increase interest rates to tackle rising inflation, its latest decision to again raise rates by the baseline 0.25% over November provides some hope that rates may peak earlier and lower than predicted - and act to further enhance consumer confidence.

Regardless, rates remain well below the peaks of a decade ago (and long term average rates in Australia) during the previous rate raising cycle, with numerous offsets such as high savings levels and rising wages acting to moderate the impact of higher rates on consumers and the housing market.

The maturing spring selling season continues to provide signs that recent housing market downturns may be easing, with buyers and sellers gradually re-entering marketplaces.

The Sydney and Melbourne markets are leading the way back, with rising local demand set to be supported by waves of post-covid international migrants seeking accommodation in housing markets that are currently clearly struggling to house their own populous.

Dr Andrew Wilson - Chief Economist My Housing Market

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If you'd like to discuss the current property market or better understand how we can assist you with finding the right builder for your new home, Knockdown Rebuild or house and land package,<strong> speak to one of our experienced New Home Advisors on 1800 184 284 or </strong>

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<h6>In compiling this publication, the Publisher relies upon information supplied by a number of external sources. The publication is supplied on the basis that, while the Publisher believes all the information in it will be correct at the time of publication, it does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to the Publisher for the supply of such information. The data and projections should be used as a guide only and should not be relied upon in making investment decisions.</h6>

 With the Reserve Bank of Australia (RBA) having just recently raised the cash rate for the first time since 2010, mortgage holders across the country are set to feel the effects. The 0.25% jump (from 0.1% to 0.35%) and the increase in mortgage rates that is set to follow will undoubtedly...

6 Saving Tips to Beat Rising Interest Rates When Saving for a New Home

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<span style="font-weight: 400;">With the Reserve Bank of Australia (RBA) having just recently raised the cash rate for the first time since 2010, mortgage holders across the country are set to feel the effects. The 0.25% jump (from 0.1% to 0.35%) and the increase in mortgage rates that is set to follow will undoubtedly have many Aussies looking for ways to adjust to the rising charges. </span>

<span style="font-weight: 400;">To make things easier for the future ahead, we’ve summarised what Australia’s rising interest rates can mean for you, and compiled a list of 6 things you can do to manage the coming increase.</span>
<h2><span style="font-weight: 400;">What the rise in interest rates means for buyers</span></h2>
<span style="font-weight: 400;">As major lenders prepare to follow the newly established cash rate of 0.35% by increasing their variable home loan interest rates, buyers can expect to encounter a few changes as they embark on their property journey: </span>
<ul>
 	<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">A gradual reduction in borrowing power is to be expected as lenders look to ensure that borrowers will be able to service higher loan repayments.</span></li>
 	<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">A slowdown in property prices </span><span style="font-weight: 400;">and a lull in demand as more people steer away from paying higher interest rates could make it more affordable for first-home buyers to get on the property ladder.</span></li>
 	<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Greater loan repayments can mean that landlords will pass these additional costs onto tenants in the form of increased weekly rent, which can have the flow on effect of attracting investors to enter the market.</span></li>
</ul>
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<span style="font-weight: 400;">With the increased interest rates now in place, buyers will have to adjust to the changing landscape of the property market. Here are six ways home buyers can adapt.</span>
<h2><span style="font-weight: 400;">1. Review your budget and look for ways to save</span></h2>
<span style="font-weight: 400;">It’s always a good idea to track your income and be realistic about where your money is going every month. Give your budget a spring clean by scrutinising every bill and start shopping around for cheaper deals. Can you get a better deal on your electricity, mobile phone plan, private health insurance and other utilities? Do you need multiple entertainment subscriptions on the go at once? Can you order less take away?</span>

<span style="font-weight: 400;">The Australian Government’s Moneysmart website has a useful </span><a href="https://moneysmart.gov.au/budgeting/budget-planner"><b>budget planner</b></a><span style="font-weight: 400;"> to help you keep track of where your money is going, and to ask yourself the right questions as you budget. </span><span style="font-weight: 400;">Do I want it? Do I need it? And am I on the best possible plan?</span>

<img class="alignnone size-medium wp-image-12579" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2021/03/HYL2-800x397.jpeg" alt="buying a house and land package" width="800" height="397" />
<h2><span style="font-weight: 400;">2. Make extra repayments on your home loan </span></h2>
<span style="font-weight: 400;">If you are able to, it’s best to make higher repayments than the minimum amount. Even just</span><span style="font-weight: 400;"> paying a bit extra every month can have an impact as a smaller loan balance means you don’t have to pay as much in interest! </span><span style="font-weight: 400;">This will help you save thousands of dollars on interest and reduce the duration of your loan. </span><span style="font-weight: 400;">This can be a particularly savvy way of offsetting the added financial requirement that comes with rising interest rates. </span>

<span style="font-weight: 400;">But before you start making regular overpayments or occasional lump sum contributions, it’s best to talk to your lender about what conditions might apply. Generally though, variable rate loans tend to allow for extra repayments, whereas fixed rate mortgages may incur break fees. </span>
<h2><span style="font-weight: 400;">3. Make more frequent repayments on your home loan</span></h2>
<span style="font-weight: 400;">Making more frequent repayments is a simple, yet effective strategy to pay off your mortgage faster.</span><span style="font-weight: 400;"> If you switch from monthly to fortnightly repayments, you could pay off your home loan sooner. This is because there are 12 calendar months per year, but 26 fortnights in a year. That’s an additional month’s worth of repayments per year.</span>
<h2><span style="font-weight: 400;">4. Add an offset account</span></h2>
<span style="font-weight: 400;">Set up an</span><span style="font-weight: 400;"> offset account </span><span style="font-weight: 400;">that you can add to your home loan to pay it off faster and with less interest. What is an offset account and how does it work? </span><span style="font-weight: 400;">An offset account links directly to your home loan, essentially acting as a regular transaction account where you can deposit and withdraw your savings and salary directly. The benefit is that</span><span style="font-weight: 400;"> any money in the account will be deducted from - offset against - your loan balance, meaning mortgage interest is only charged on the difference. What does that mean? If your loan amount is $500,000, and you have $50,000 in your offset, then you will then only need to pay interest on $450,000.</span>
<h2><span style="font-weight: 400;">5. Consolidate your debts</span></h2>
<span style="font-weight: 400;">Being free of other financial constraints or debt such as credit cards, car loans and personal loans can also help you pay off your home loan faster. You won’t be able to take advantage of making extra repayments, or lump sum payments if your disposable or extra income is being put towards other debt. Consolidating your debts before you buy a home will also improve your borrowing power when you come to a lender asking for a loan.</span>
<h2><span style="font-weight: 400;">6. Save for a bigger deposit</span></h2>
<span style="font-weight: 400;">The bigger your down payment is at the start of your loan, the less you will be required to pay off, and the less interest you’ll have to cover over the life of your mortgage. There’s also the potential benefit of greater bargaining power since lenders will often be more open to negotiating a lower interest rate when you have a larger deposit, as this demonstrates less risk on your end.</span>

<img class="alignnone wp-image-12566 size-full" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2021/03/Screen-Shot-2021-03-04-at-1.48.29-PM.png" alt="saving for a new home" width="793" height="526" />
<h3><span style="font-weight: 400;">Are you having difficulty making repayments?</span></h3>
<span style="font-weight: 400;">If you’re struggling with your home loan repayments, there is help available through </span><a href="https://moneysmart.gov.au/home-loans/problems-paying-your-mortgage"><b>hardship variation</b></a><span style="font-weight: 400;">. This allows you to potentially change the terms of your loan, or temporarily pause or reduce your repayments. Contact your lender as they will have a hardship team to guide you through the process.</span>

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<strong>If you’re a homebuyer and want free independent advice, speak to our team of New Home Advisors at iBuildNew on 1800 184 284. Our experienced New Home Advisors can help you shortlist the best options making sure we get the right builder for you. You can also  at a time suitable for you!</strong>

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Walk-in pantry is one of those spaces often neglected when we design our new home. We think that there is only so much we can do with a room of shelves and benches. But while you are putting a lot of thoughts into your new kitchen , why not bring that into the pantry as well?   ...

4 New Ideas for Your Walk-In Pantry

Walk-in pantry is one of those spaces often neglected when we design our new home. We think that there is only so much we can do with a room of shelves and benches. But while you are putting a lot of thoughts into <a href="https://www.ibuildnew.com.au/blog/tips-and-guides/kitchen-design-considerations-for-designing-an-island-bench/">your new kitchen</a>, why not bring that into the pantry as well?

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<a href="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/Ashy-Tones.png"><img class="wp-image-470 size-full" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/Ashy-Tones.png" alt="" width="1050" height="750" /></a>

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<a href="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/Subway-Tiles3.png"><img class="alignnone wp-image-473 size-full" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/Subway-Tiles3.png" alt="" width="1050" height="600" /></a>

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<a href="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/Linear-Shapes.png"><img class="alignnone wp-image-471 size-full" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/Linear-Shapes.png" alt="" width="1050" height="600" /></a>
<p class="p1"></p>
<a href="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/No-door.png"><img class="alignnone wp-image-472 size-full" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2016/01/No-door.png" alt="" width="1050" height="600" /></a>

<a href="https://www.ibuildnew.com.au/blog/home-design/open-shelving-kitchen-design/">What about the other shelving in my new kitchen?  </a>



 Thinking about building a new home in Parramatta, New South Wales? Our Suburb Property Profile is the first step in researching the location of your new home. Whether you have already purchased a vacant block of land, looking for a house and land package or to knockdown and rebuild, you'll...

Suburb Property Profile: Parramatta, NSW 2150

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Thinking about building a new home in Parramatta, New South Wales? Our Suburb Property Profile is the first step in researching the location of your new home. Whether you have already purchased a vacant block of land, looking for a house and land package or to knockdown and rebuild, you'll want to discover all you can about your chosen suburb.
<h2>Location Demographics</h2>
The suburb of Parramatta is known for being a major commercial hub, with a rapidly developing film and art scene. It's located 25kms west of Sydney's famous Central Business District, and is part of the progressive Greater Western Sydney region.

Parramatta has welcomed a diverse community, with families and young professionals eager to call the place home. The growing population is close to 30,200 residents according to the 2021 Census by the Australian Bureau of Statistics. The median age is estimated to be 32 years old, and around 7,600 families have settled in. Private dwellings have reached a total of 14,200 with more expected to be established.

<img class="alignnone size-medium wp-image-13793" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/0633970ceab5c179d0510c5e62dddddd-800x492.jpeg" alt="Parramatta" width="800" height="492" />
<h2>Travel &amp; Infrastructure</h2>
The Parramatta Railway Station caters well to its residents. There are 4 platforms that follow the North Shore and Western Line, the Inner West and Leppington Line and the Cumberland Line. Buses are also operating throughout the area with some stops that can be found on Smith Street and George Street. If you're driving, you can take the Great Western Highway which then links you towards the Western Motorway.

Plans announced by the NSW Department of Planning and Environment in May this year indicates a vibrant future for the City of Parramatta, which will bring many exciting new opportunities for residents. With 38,000 new homes, there will be plenty of options when it comes to finding the right home for your needs. In addition, around 66,000 new jobs will be created and there will be plenty of opportunity to find work in your area. These exciting developments are sure to make Parramatta an even more desirable place to live.
<h2>Shopping</h2>
The Westfield Parramatta Shopping Centre is a great place to go for all your shopping needs. It has a range of clothing stores, dining choices and entertainment options. The Parramatta Farmers’ Market is also right around the corner, where you can stock up on fresh produce and browse the different stalls. There are several restaurants by the Parramatta riverside and a variety of cuisines through Phillip Street, offering bustling venues, steakhouses, laneway dining and relaxed eateries. Within walking distance, the Entrada Shopping Centre is located on Victoria Road and brings your supermarket needs and local services to one place. There are also a number of gift shops and speciality stores in the vicinity.

<img class="alignnone size-full wp-image-13791" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/3a84329385a8f75e7175af316fa99a29.jpeg" alt="Parramatta Lanes" width="624" height="468" />
<h2>Schools &amp; Recreation</h2>
There are a number of schools in the neighbourhood, which makes it easy for students to attend school without having to go too far from home. The Parramatta Public School on Macquarie Street and St Patrick’s Primary School on Villiers Street are both just a quick walk away. The Parramatta East, North and West Public Schools are also close by for children in primary school. For those in secondary school, Parramatta High School and Arthur Philip High School are both a short walk or a 1km drive for parents.

If you're looking for a vibrant and thriving area with plenty to do, Parramatta is the place for you. The annual Parramatta Lanes festival celebrates food, art and music, and there's always something exciting happening in the area. You can find iconic live music venues, great restaurants, family-friendly activities and more. You can also revisit history by going to various heritage sites such as the Old Government House and the Elizabeth Farm. To unwind, bring your loved ones out to  Lake Parramatta. There, you can go for a hike, swim in the lake or do some water sports.

Looking to build a new home or looking for a builder in Broadbeach? Give one of our experts a call on 1800 184 284 today.

<img class="alignnone size-full wp-image-13792" src="https://legacy-ibn-uploads.s3.ap-southeast-2.amazonaws.com/blog/wp-content/uploads/2022/11/214de5997e22bc39ebb6d74eff8aae44.jpeg" alt="Lake Parramatta" width="624" height="416" />

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