QLD Registered Law Firm, LEAD Conveyancing

Conveyancing Works + Solicitor included in fixed fee.

Get a FREE quote prepared by Kristy Fletcher LLB

Lead Legal Services Pty Ltd (ABN 86 640 514 558)
Proud to be a registered conveyancing law firm.

1. Send us a copy of the contract & when you’ll make an offer
2. Tell us when you’d like to settle on the property
3. We’ll achieve a satisfactory outcome for you

1. Send us a copy of the contract or instruct us to draft it
2. Tell us more about the property you’re selling
3. We’ll achieve an on-time settlement for you

1. Let us know what you are proposing to do;
2. We will tailor the purchase and sale contracts to fit your particular requirements and timeline; and
3. We will provide you with a seamless transition from home to home.

About Labrador (statistics and facts) 

Labrador is a suburb in the city of Gold Coast, Queensland. This coastal suburb provides a view of the Gold Coast Broadwater to the east. It also overlooks the Southport on the southern border and has a land area of 5.7 km². The population in Labrador was 15,391 at the 2006 census. It grew to 16,402 at the 2011 census and grew even higher to 18,261 according to the 2016 census. Early settlers spoke of two local groups of people, which were the Yugambeh and Kombumerri Aboriginals. 

Labrador has been more like a traditional country for many families. This is specifically due to the large presence of mud crabs, oysters, waterfowl, and shellfish in the area. 57.2% of the population of Labrador were born in Australia. People born in New Zealand that emigrated to Labrador amount to 8.7% of the population. Those from England are 4.3%, and it is not unusual to see people from China, the Philippines, and India in Labrador. 

The name Labrador was given to the area by Robert Muir in the late 19th century. He is believed to have named it after the local fishery in north-eastern Canada. This was majorly due to the similarities in the shape of the land and the recreational fishing. Robert Muir was a sugar farmer and investor, and he bought the land in April 1878. 

• Brisbane to Labrador is only about 71 kilometers
• 2.1% of the population are Aboriginal and Torres Strait Islander people 
• 73.3% of people speak only English
• The Labrador State School is a primary at Turpin road, but there is no secondary school in Labrador

Property and Realestate Market of Labrador 

In Labrador, 43.58% of the population live in rental houses and units. Data from property listings shows that there is a high demand for properties in this Gold Coast suburb. Properties get about 515 visits each per year. About 44 houses and units are available for rent, while 164 are available for sale. The median property pricing for houses in Labrador ranges from about $600,000 for a 2 – 3 bedroom to about $660,000 for a four-bedroom house. For units, the median property price is in the range of $400 - $480 per week for a 2 – 3 bedroom. For a 4 bedroom unit, the pricing is about $605 per week. 

As of 2016, 45.1% of homes in Labrador were owner-occupied. The main age group in Labrador is 20-29 years, and the households are majorly childless couples. Generally, people living in this suburb work a professional occupation. Therefore, there is a high likelihood that the people in Labrador will be repaying mortgage repayments in the range of $1400 - $1799 monthly.

• 64km from Brisbane
• It takes an average of 52 days to sell a property in the last 1 year
• Average discounting on the pricing of a property stands at -4.85%

Activities & Things to do in Labrador 

Labrador is a coastal suburb situated north of Southport and thus attracts a lot of visitors. There are wonderful places to eat, natural attractions, and nice places to explore in Labrador bubbling. There are numerous activities you can engage in to spend quality time and have fun. More so, things to do can simply not be exhausted. First, you can have some Prime Australian Beef at Cavs Steakhouse. They are open 7 days a week for lunch from12 noon to 2.30 pm and dinner from 6.00 pm to 9.30 pm. If you’d rather go for some cooked fish and chips, you can have your fill at Charis Seafood Kiosk. More so, mouth-watering meals are served at the Grand restaurants. 

The Fishing Jetty in Labrador offers you the opportunity to cast your rod and nets and catch fish. You just need to be careful of what you catch, as some natural species can be spiny and poisonous. Additionally, at Harley Park, which is next to Charis Seafoods, you can come around at exactly 1:30 pm and catch some fun feeding Pelicans. Additionally, you can simply just walk along the foreshore or cycle on the cycling track. 

The Boat Ramp in Labrador serves as a meeting point for fishing charters. Here, you can conveniently go for jet-ski tours and boat trips. Other activities and things to engage in at the Gold Coast include: 

• Swimming in the Ian Dipple Swimming Lagoon
• Buying fresh seafood and prawns to cook for yourself on weekends from the Charis Seafood Market & Kiosk
• Enjoy thin-crust pizza at Charlie’s Pizzeria and visit the Gold Coast Hockey Centre

Property Investing Information in Labrador 

As an investor, Labrador is a great suburb to make profitable investments. Data reveals that the rental population in Labrador is a whopping 43.58%. The median weekly rent for houses is $450, and the median yield is 4.17%. For units, it is about $390, and the median yield is 5.26%. Labrador has seen a tremendous growth rate over the last five years. This growth rate stands at 3.6% for units and 5.1% for houses. 

Compared to the national average of $485 000, houses in Labrador have a median sale price of $535,000. This keeps it at the 467th position in Queensland. The median price change per annum is 23.70%. The median sale price of units in Labrador is $375,000 as against the $438,000 national average. However, the median price change for units stands at 8.70%, which is higher than the national average of 2.10%

You need Conveyancing 

It is recommended to use conveyancing services when buying a house or unit in Labrador. This curtails the risk of the buyer losing the property. This also helps to forestall the forfeiture of the buyer’s 10% even after losing the property. Conveyancing deals with legally transferring the title of real property from the old owner to a new owner. It might seem easy on the surface, but it involves a lot of attention to detail and various documentation. 

LEAD Conveyancing services simplifies this process for both parties. It does this from the first phase of the exchange of contracts to the completion phase.