Runaway Bay, located at the northern end of the Gold Coast, was the original hub of residential activity in the northern Gold Coast region. The suburb is based around some of the best canal development on the Gold Coast and is one of the few areas to boast bridge-free access to the fabulous Broadwater.
Only minutes by boat to the Gold Coast seaway, the area’s excellent boating facilities include a number of public boat ramps in addition to its own wet and dry storage marina. The area has a great diversity of real estate catering to the first home buyer through to the million dollar investor, with product ranging from duplexes and villas through to high-rise apartments and large canal front homes. The trend in recent times in both dry and direct access waterfront areas has been the purchase and demolition of the older style homes to be replaced by modern homes making the most of the coastal lifestyle. With vacant land in the area all but gone, it is not surprising that the few blocks remaining are selling at a premium.
First class shopping and educational facilities in the area are attracting families from around Queensland and interstate. Harbour Town’s 130 stores are appealing to the budget conscious while Oxley Drive is developing a reputation as an Al Fresco dining precinct with a number of quality restaurants.