3244/23 Ferny Avenue, Surfers Paradise QLD 4217

3244/23 Ferny Avenue, Surfers Paradise QLD 4217
2 bed 2 bath 1 car 90mยฒ | 2003 build with resort facilities | Flood overlay present | Strong rental demand signals This apartment is competitively positioned as a larger two-bedroom configuration in a well-established high-rise building with resort-style amenities like a pool, gym, and spa. Its 90 square metre internal area and two bathrooms make it more functional than many older investor-grade units in Surfers Paradise, appealing to owner-occupiers seeking a central beachside base, downsizers wanting amenity-rich living, or professional couples. The 2003 build places it in an established but not new cohort, offering a balance of modern finishes and established strata management. Ducted air conditioning, a balcony, and secure parking further strengthen its practical appeal. A flood overlay is detected on the property, which may affect insurance costs and could be a consideration for lenders or future buyers. The high-rise urban character of central Surfers Paradise means exposure to tourist-season noise and turnover is likely, which might influence long-term liveability for some purchasers. While the buildingโ€™s facilities and location support solid rental demand, the specific floor level and aspect are not confirmed, and these factors could materially influence the apartmentโ€™s value and desirability. Buyers should weigh the flood risk and urban setting carefully when forming a view on price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3244/23 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

2

Parking

1

Land

2.04 ha

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