47/2940 Gold Coast Highway, Surfers Paradise QLD 4217
47/2940 Gold Coast Highway, Surfers Paradise QLD 4217
This is a 120-square-metre two-bedroom two-bathroom apartment on an elevated floor within a 761-square-metre complex. It has one car space and an outlook over the resort pool, the Maroochy River, and the Surfers Paradise skyline.
What is competitively strong here is the size. At 120 square metres this apartment is substantially larger than most two-bedroom units in Surfers Paradise, where the typical floor plan runs closer to 70 to 90 square metres. That extra space combined with the elevated view positions it as a premium offering rather than standard stock. It is best suited to an affluent buyer seeking a permanent coastal residence or a high-end holiday home, not a first-home buyer or a yield-focused investor. The resort-style pool and direct river-city outlook add a lifestyle edge that is rare at this configuration.
What may affect value is the price positioning. This unit sits well above the suburb median for apartments, so its buyer pool is narrower. The previous sale in 2019 at $420,000 suggests a significant price jump, which might reflect major renovations, a market shift, or a repositioning of the building itself. Buyers should verify what has changed since that sale. The Gold Coast Highway location offers convenience but also carries traffic noise, which could matter for permanent residents. The absence of detailed finish specifications means the final value will depend heavily on the actual condition of the kitchen, bathrooms, and flooring.
Detailed Independent Property Report prepared by PropCred Analyst team for 47/2940 Gold Coast Highway, Surfers Paradise QLD 4217
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
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
2
Bathroom
2
Parking
1
Land
761m²
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