1102/61 Old Burleigh Road, Surfers Paradise QLD 4217
1102/61 Old Burleigh Road, Surfers Paradise QLD 4217
3 bedrooms | 2.5 bathrooms | 2 car spaces | half-floor residence | panoramic ocean, city & hinterland views
This apartment occupies a genuinely rare position within Surfers Paradise’s high-rise stock, offering a half-floor footprint that is significantly larger and more private than the typical investor-grade unit in this suburb. The combination of three bedrooms, two and a half bathrooms, and two secure car spaces aligns with what downsizers and high-income owner-occupiers prioritise, not what the broader holiday-let market demands. The panoramic views across ocean, city, and hinterland are a competitive edge that few properties at this price point can match, and the ducted cooling and building gym add practical liveability. This property is best suited to a buyer seeking a primary residence with genuine space and outlook, rather than a short-term rental play or a compact pied-à-terre.
The prior sale price from three years ago may provide a useful reference point, but the current market conditions and the property’s premium positioning mean that price formation will depend heavily on how a buyer values the view and floorplate relative to newer builds in the area. The absence of confirmed building age and body corporate levies in the available information means ongoing holding costs should be verified directly, as older towers can carry higher sinking fund contributions. The rental yield inference is modest for this price bracket, which may limit investor appetite and narrow the buyer pool to those prioritising lifestyle over income. A buyer should weigh these factors carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1102/61 Old Burleigh Road, Surfers Paradise QLD 4217
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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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
3
Bathroom
2
Parking
2
Land
358m²
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