94/9 Veivers Road, Palm Cove QLD 4879
94/9 Veivers Road, Palm Cove QLD 4879
3 bed 2 bath 1 car | 140m² floor area | Palm Cove beachside complex | lifestyle-oriented apartment | flood overlay flagged
The property is positioned within a well-established beachside complex, and its configuration is notably strong for the local market. Three bedrooms and two bathrooms within a 140 square metre footprint is uncommon for apartment stock in this area, where many units trade with two bedrooms and considerably less internal space. That generosity of layout makes the unit particularly suited to owner-occupiers seeking permanent coastal living without the maintenance responsibilities of a house. Downsizers are especially well served, as the practical floor plan provides room to spread out while retaining the convenience of complex living. Investors may also find appeal in the holiday-let potential, given the proximity to Palm Cove’s esplanade and hospitality precinct. The overall character of the property is firmly lifestyle oriented, and it competes well with the resort-style apartments that dominate the surrounding streets.
Value may be influenced by the flood and bushfire overlays attached to the broader site, which might affect insurance premiums or limit future alterations. Body corporate fees and the specific floor level within the complex could also shape marketability, as could the quality of internal finishes and overall presentation. The unit’s potential for short-stay rental income might provide a yield advantage, but this may bring additional management or regulatory considerations. Buyers should weigh these factors when forming a view on price.
>> Comparable Sales: Unit 37 sold $1.275M, Unit 28 sold $1.0875M | Property Price Band: $1.3M–$1.4M | Value Drivers: internal condition, floor level, layout efficiency
Detailed Independent Property Report prepared by PropCred Analyst team for 94/9 Veivers Road, Palm Cove QLD 4879
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Palm Cove is a beachfront lifestyle suburb in the Cairns region, anchored by reef and beach access. Demand comes from lifestyle migrants, interstate buyers, and investors chasing tight rental conditions; the 60–69 age cohort dominates. House prices are $1.1–1.135 million, with 9.45–16.4% growth; units run $430,000–457,500, growing 5.2–14.37%. Despite medium-term strength, the suburb saw negative growth over 12 months, contrasting with broader Cairns. Thin sales volume: 69 houses annually. Future drivers include Bruce Highway upgrades, beachfront improvements, and economic diversification in health, defence, and aviation. Risks: limited stock, affordability, weather and insurance, plus 2027 rental compliance requirements.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
140m²
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