In Burleigh Waters, Three-Bedroom Homes Average 40 Days on Market. Here's One to Watch.

Three-bedroom houses in Burleigh Waters find buyers in an average of 40 days — well under the suburb-wide average of 54 days. A home at 51 Harrier Drive has just arrived at the starting line.

The Property

Positioned directly opposite Swan Lake, this three-bedroom, two-bathroom house on 612 sqm has been held by the same family for over 21 years. That kind of tenure is unusual in itself — this is only the third recorded transaction on the property, and the first time it has come to market since January 2005.

The home offers 143 sqm of floor area with four car spaces, a pool, balcony, deck, and air conditioning throughout. No renovation signals were detected in the listing data — this appears to be a largely original home, which places it squarely in the hands of a buyer who either wants to move in as-is or bring their own vision to a well-held block in a blue-chip street.

Why This Sale Matters

Three-bedroom houses in Burleigh Waters move fast relative to everything else on the market here. While the suburb average sits at 54 days across all property types, homes in this bedroom count clear in an average of 40 days. That compression matters — it points to a buyer pool that is both active and decisive at this specific price point.

Why the demand? Burleigh Waters consistently attracts buyers who want coastal proximity without the full coastal premium. The suburb sits within the Burleigh State High catchment, which draws family buyers actively, and the lifestyle draw of Burleigh Heads is minutes away. For buyers who have been priced out of canal-front or beachside stock, the three-bedroom segment here represents a credible alternative at a more accessible entry point relative to the suburb's upper tiers.

The lake-facing position adds a dimension that goes beyond the bedroom count. Swan Lake frontage — or in this case, direct street frontage opposite the lake — carries its own buyer appeal in Burleigh Waters, independent of what the broader median says. Properties with this orientation rarely sit idle, and this one has been off the market for two decades.

What the Numbers Say

The rolling 12-month median house price for Burleigh Waters sits at $1,760,000 across 236 sales — a deep and active market. The three-bedroom median is $1,367,500, which is where this property will most likely compete for buyers.

An automated platform valuation puts the range at $1,400,000 to $1,840,000 — a wide spread that reflects both the uncertainty of an undisclosed asking price and the variance inherent in a 20-year hold with no clear renovation signal. The lower end of that range sits close to the three-bedroom median; the upper end approaches the suburb's 75th percentile of $2,250,000, which would require a stronger case than this data currently supports.

Burleigh Waters has been one of the corridor's sharper movers over the past 12 months, with house prices up +15.6% year-on-year. Supply remains tight at 1.2 months — meaning buyers have limited alternatives at any given moment, which is part of what keeps days on market low in the faster-moving segments.

The last recorded purchase price was $399,000 in January 2005. The capital gain over 21 years, regardless of where this ultimately sells within the valuation range, is substantial.

Our Take

With three-bedroom houses averaging 40 days on market and Burleigh Waters operating at 1.2 months of supply, a well-priced campaign here should be competitive. The lake outlook and the rarity of a 20-plus-year first release will do real work for this property — buyers who know the street will know the position, and that typically shortens the search.

The variable to watch is price. The asking price is undisclosed, and the automated valuation range is unusually wide — a $440,000 spread suggests the market has limited recent comparable data for this specific pocket and configuration. If the vendor's price expectations sit above the three-bedroom median of $1,367,500 without strong justification, the 40-day average could stretch. If the campaign is priced to the active buyer pool, 40 days may prove generous.

Follow This Sale

We'll be watching how this one moves through its campaign — and what it ultimately sells for will tell us something real about where buyer appetite sits in the Swan Lake precinct right now. We'll publish the result in our How It Sold series once this one settles. Follow Fields to see what happens.

This article is produced by Fields, a boutique real estate agency specialising in the southern Gold Coast. Our editorial is independent of our agency work.

Disclaimer: The information in this article is for general informational purposes only and does not constitute financial, investment, or valuation advice. Fields Real Estate (Licence No. 4832971) makes no warranty as to the accuracy or currency of data published. Readers should conduct their own due diligence and seek independent professional advice before making any property or investment decision. Read our full disclaimer →