8/158 Hedges Avenue, Mermaid Beach QLD 4218

Northeast aspect, unobstructed ocean views | Strong owner-occupier complex | Rooftop sauna and pool | 70sqm with separate laundry | Broadbeach school catchment. This unit occupies a rare configuration in a 15-property block where owner-occupancy runs near 70%, meaning the building is likely well-managed and resale competition will be constrained. The northeast aspect with unobstructed ocean and city views from the second floor is the primary competitive edge, as most apartments at this price point offer only partial or shared outlooks. The rooftop entertaining level with sauna and pool adds genuine lifestyle amenity that appeals to downsizers or professionals seeking lock-and-leave convenience, and the 70sqm floorplan with separate laundry and secure basement parking makes it functionally superior to many newer micro-apartments in the area. This property suits a buyer who values long-term hold quality over speculative flip potential. The 1982 build means owners should budget for upcoming special levies, particularly for lift or pool infrastructure, though the small complex size limits exposure compared to larger towers. The current rental return of roughly $775 per week sits below a 4% gross yield, so this is not a high-cash-flow proposition for an investor,capital growth will depend on scarcity of similar stock in Mermaid Beach’s tightly held coastal strip. The auction format on 27 May gives a buyer a narrow window to conduct building and pest inspections, so pre-auction due diligence is critical. Hold for at least five years to realise the compounding effect of limited supply and rising owner-occupier demand in this pocket.