6/16 Madang CrescentRunaway Bay QLD 4216
Property Details for 6/16 Madang Cres, Runaway Bay
6/16 Madang Cres, Runaway Bay is a 2 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1985. The property has a land size of 209m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in October 2016.
Last Listing description (November 2016)
This spacious unit in the heart of Runaway Bay has plenty of room and style with the main living area being open plan with east facing balcony to catch the breeze or the morning sun to warm the unit for the day.
There are 2 bright and spacious bedrooms and a modern bathroom with laundry.
The features of this unit are:
Undercover car parking for 2 cars
Modern bathroom
Split system air conditioner
East facing balcony
Body Corp: Approx $42 pw after discount
Council Rates: Approx $1,726 p.a.
Water Rates: Approx $940 p.a
Rental Potential: $315 pw
The location is perfect with cafes, shops, schools and the Broadwater all close by
It offers a new lifestyle for an owner occupier or an investment that puts you in front.
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Property History for 6/16 Madang Cres, Runaway Bay, QLD 4216
- 10 Oct 2016Sold for $280,000
- 22 Sep 2016Listed for Sale $288,000
- 10 May 2016Listed for Rent - Price not available
Recent sales nearby
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0About Runaway Bay 4216
The size of Runaway Bay is approximately 5.3 square kilometres. There are 12 parks, covering nearly 26.4% of the total area. The population of Runaway Bay in 2016 was 9068 people. By 2021 the population was 9308 showing a population growth of 2.6% in the area during that time. The predominant age group in Runaway Bay is 70-79 years. Households in Runaway Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Runaway Bay work in a professional occupation.In 2021, 70.70% of the homes in Runaway Bay were owner-occupied compared with 66.50% in 2016.
Runaway Bay has 5,345 properties. Over the last 5 years, Houses in Runaway Bay have seen a 43.18% increase in median value, while Units have seen a 94.99% increase. As at 31 July 2026:
- The median value for Houses in Runaway Bay is $1,844,526 while the median value for Units is $1,140,323.
- Houses have a median rent of $1,190 while Units have a median rent of $750.
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