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“For those who can’t afford Burleigh Heads, Burleigh Waters is the next best thing because you can be as close as 700 metres from the beach.” Related: Meet a 33-year-old investor with 10 properties The majority of the housing that makes up Burleigh Waters is 80s brick homes that are now being renovated by clever vendors, Ms Mulholland said. Buyer who couldn’t snag propertiesies like ONE Burleigh Heads were turning to the surround areas. Photo: Supplied “There’s a lot of money being poured into the area — people are renovating these old homes and they’re the ones that the buyers love most.” Ms Mulholland cited the recent sale of a Burleigh Waters house that nearly doubled in only two years. “I sold it to them for $425,000 two years ago and since then they’ve renovated and now sold it again for $835,000,” she said. But that growth is still pricing buyers with lower buying power out of the market, moving more activity further inland, Remax Regency agent Daryn Trowbridge said. “Burleigh Waters has gone ballistic recently. I’m telling buyers how much they’ll save by being that extra five minutes away and they’re seeing the services that Varsity Lakes has here and seeing the value,” he said. Varsity Lakes saw a whopping 11 per cent increase in the median price over the past 12 months. The extra five minute drive was well worth it for the $200,000 saving on house prices, Mr Trowbridge said. Lacey West agent Bobbie Higgins said Palm Beach was gaining popularity as tightly-held Burleigh Heads and Waters became too busy for those who liked it for its “village feel”. “Burleigh’s got so busy,” Ms Higgins said.
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