50/37 Bayview Street, Runaway Bay QLD 4216

2 bed, 2 bath, 2 car | Waterfront apartment | Flood overlay noted | Downsizer and investor appeal The property’s configuration of two bedrooms, two bathrooms, and two car spaces is competitively rare for a waterfront apartment in Runaway Bay, giving it a clear edge over typical one-car offerings. This layout serves downsizers seeking lock-and-leave convenience without sacrificing parking or space, and investors targeting a tenant profile that values both amenity and security. The estimated rental yield near 4.8% is solid for the suburb, and the owner-renter mix of 60/40 suggests stable occupancy demand. The flood overlay is the primary risk, directly affecting insurance premiums and lender appetite, which can narrow the buyer pool at resale. This should be quantified through a building-specific insurance quote and body corporate records. Conversely, the older demographic profile of the area supports consistent demand from lifestyle buyers, and the broadband and alarm features add modest tenant appeal. The opportunity lies in negotiating on the flood risk, as many buyers will be deterred, potentially allowing a below-estimate entry price.