1001/3422 Surfers Paradise Boulevard, Surfers Paradise QLD 4217
1001/3422 Surfers Paradise Boulevard, Surfers Paradise QLD 4217
larger-than-average 2-bedroom apartment | mid-level high-rise position | resort-style amenities | central Surfers Paradise location | flood overlay noted
This apartment offers a notably generous floorplan compared to much of the newer, more compact stock in Surfers Paradise, with recorded sizes between 114 and 127 square metres. Positioned on Level 10, it sits above street noise while still being within a complex built in 1977 that provides substantial common facilities including a pool, tennis court, and secure parking. The property is best suited to owner-occupiers seeking space and amenity in a central coastal precinct, or investors targeting tenants who prioritise location and layout over modern finishes.
The flood overlay detected for the site may influence insurance costs or lending conditions for some buyers, and should be investigated further. The building’s age means internal finishes and fixtures may not match newer developments, though this may be reflected in the pricing expectations. Strong rental demand in the area, supported by the property’s walkability to beach and retail, could offset these factors, but the exact condition of this specific unit remains unverified from available information.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1001/3422 Surfers Paradise Boulevard, Surfers Paradise QLD 4217
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.