6/15-17 Garrick Street, Port Douglas QLD 4877
6/15-17 Garrick Street, Port Douglas QLD 4877
Ground-floor resort apartment | 2-bed 1-bath with secure parking | Lagoon pool complex near Four Mile Beach | Holiday-let ready and furnished | 1988 build with solid rental appeal
This unit holds a clear competitive edge through its ground-floor configuration within a well-established resort-style complex, offering direct access to the lagoon pool and tropical gardens that define the Beach Terraces experience. The open-plan layout, covered balcony, and tiled living areas create a practical coastal footprint that suits both permanent occupation and short-stay letting. Its position near Four Mile Beach and Macrossan Street places it in the heart of Port Douglas’s visitor-oriented precinct, making it particularly attractive to holiday-let investors seeking turnkey accommodation, as well as downsizers wanting a low-maintenance base with strong walkability. The 1988 construction is older than newer stock, but the complex’s maintained amenities and furnished presentation offset that age for the right buyer.
The property’s value may be influenced by its older build year, which could require future updates to kitchens or bathrooms compared to newer apartments, and the ground-floor position might carry minor privacy or noise considerations despite the convenience. The holiday-letting potential may support rental income above standard residential levels, which could justify a premium for investors, but owner-occupiers might weigh the complex’s tourism-oriented character against long-term living comfort. The single bathroom and one-car space are modest for a two-bedroom unit, potentially limiting appeal for families or those needing extra parking. Market conditions for similar resort apartments in this precinct may fluctuate with tourism demand, so timing and buyer motivation could shape the final price more than the property’s intrinsic features.
|| Comparable Sales: Unit 5/15–17 Garrick St sold $395,000 (1-bed, May 2025) | Property Price Band: $400,000–$500,000 | Value Drivers: Ground-floor access, lagoon pool amenity, furnished holiday-let readiness
Detailed Independent Property Report prepared by PropCred Analyst team for 6/15-17 Garrick Street, Port Douglas QLD 4877
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Port Douglas (4877) is a premium coastal market where houses are outperforming units. Demand is led by local buyers, semi-retirees, families, and business owners housing staff; buyers prefer private blocks, pets, and no body corporate. Median house price is $1.2m, with annual growth of 20.3–33.1%, listings down up to 30% year-on-year and sales volume around 50. Units remain subdued, at a $390k median with annual falls of 2.5–4.2%; gross yields are 4.7% for houses versus 7.6% for units. Tourism recovery and limited long-term rental supply are lifting buyer activity. Principal risks are rate rises reaching Far North Queensland after about a year, and affordability constraints, as incomes sit below the regional average.
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PropCred Estimated Value
Comparable Sales: Unit 5/15–17 Garrick St sold $395,000 (1-bed, May 2025) | Property Price Band: $400,000–$500,000 | Value Drivers: Ground-floor access, lagoon pool amenity, furnished holiday-let readiness
Bedrooms
2
Bathroom
1
Parking
1
Land
93m²
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