4/1 Cowen Street, Margate QLD 4019

146m² internal | three-bed two-bath | shared pool and parking | Margate unit market softening The property’s 146m² internal area is unusually generous for a three-bedroom apartment, giving it a floor plan that competes more with townhouses than typical units. Secure parking, a balcony, and shared pool access strengthen its appeal to owner-occupiers seeking low-maintenance coastal living, while the building’s 40% owner occupancy suggests a stable resident mix. For a buyer planning to live in the unit, the combination of space and amenity at this price point offers a rare position in a market where median days on market are lengthening, reducing bidding pressure. The primary risk is the softening local market, with longer selling times and no recent auction clearance data to suggest urgency among buyers. The last rental at $500/week implies a gross yield below 3.2% at current estimates, making this a weaker proposition for investors unless capital growth returns. However, the unit’s size and layout give it an edge over typical three-bedroom apartments in the area, and the catchment for Humpybong State School adds long-term appeal for families. Hold this property as a primary residence to capture the lifestyle advantage, or as a medium-term hold for capital appreciation once the market stabilises.