27/40 Ferny Avenue, Surfers Paradise QLD 4217

Premium 131sqm apartment | only 3 per floor | resort complex | riverside Surfers Paradise This property offers a rare configuration advantage in a market dominated by smaller units. The 131sqm internal floor area with a full-length balcony and separate laundry room positions it well above the Surfers Paradise median for two-bedroom apartments. The Waterways complex provides enhanced privacy with only three units per level, and direct balcony access from the master bedroom adds a lifestyle edge that appeals to owner-occupiers seeking space and comfort over pure investment yield. The flood overlay is the primary risk and should be investigated through a flood search and insurance quote before any offer. It may affect resale speed and borrowing appetite from some lenders, but does not necessarily diminish long-term value in a high-demand riverside precinct. The building benefits from NBN fibre and strong 5G coverage, supporting remote work flexibility. Given the 65% growth since the 2022 sale and the current median of $875,000 for two-bedroom units, this property suits a buyer who values internal space and building privacy over a discount entry point. Hold it as a long-term residential base or premium rental in a tightly held complex.