3055/23 Ferny Avenue, Surfers Paradise QLD 4217

3055/23 Ferny Avenue, Surfers Paradise QLD 4217
5th floor | canal views | oversized courtyard | Chevron Renaissance | flood overlay noted This unitโ€™s position in Chevron Renaissance offers a rare combination of size and outdoor space for a Surfers Paradise apartment. The 111mยฒ floorplan with a generous courtyard and canal outlook from the main bedroom creates a configuration that outperforms most two-bedroom stock in the building, where 85% owner-occupancy signals strong resident satisfaction and lower turnover risk. The buildingโ€™s extensive amenityโ€”multiple pools, gym, theatreโ€”adds lifestyle depth that appeals most to downsizers or professionals seeking a permanent base rather than short-term rental play. The flood overlay is a specific risk that may affect insurance costs and future buyer perception, though the property sits on the 5th floor, removing direct physical exposure. The 2019 last sale date means the current price point reflects recent market movement, and with the median for two-bedroom units in the suburb at $875,000, this listing is positioned below that benchmark. The optional furniture package offers a turnkey opportunity for an investor or interstate buyer wanting immediate occupancy without logistics friction.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3055/23 Ferny Avenue, Surfers Paradise QLD 4217
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Market Insight:

Surfers Paradise is undergoing a significant transformation, positioning itself as a resurgence destination driven by major infrastructure projects and the 2032 Olympics tailwind. Demand is underpinned by a persistent undersupply of homes and attracts both lifestyle-seeking families and strategic investors. Recent house price growth of 4.0% reflects this momentum, supported by a tight 1.2% vacancy rate. While a reputation shift is underway, the key risk is an easing of growth following several strong years, though no major correction is forecast.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

2.04 ha

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