10/18 Queen Street, Southport QLD 4215
10/18 Queen Street, Southport QLD 4215
2 bed 1 bath 1 car | 1820mยฒ site | building sales up to $1.255m | gross yields 4.8%โ6.4% | not currently listed
This apartment sits within a building that has demonstrated consistent capital growth, with recent resales showing annualised gains between 8% and 15% depending on unit size and holding period. The 1820mยฒ site is unusually large for a single apartment building in Southport, which may imply lower density or better common space than typical newer complexes. The recorded rental yields of 4.8% to 6.4% for units in this building suggest genuine rental demand, making this property suitable for an investor seeking a balanced mix of capital growth and income, or an owner-occupier wanting a well-located unit in a proven building.
The exact floor level, aspect, and internal condition of unit 10 are not confirmed, and these factors can materially affect value even within the same buildingโa lower-floor unit with a poorer outlook may trade at a meaningful discount to the buildingโs top sales. The buildingโs age and any upcoming special levies or maintenance works are also unknown, which may affect holding costs and net yield. Buyers should weigh the strong building-level sales evidence against the uncertainty of this specific unitโs position and condition when forming a view on price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 10/18 Queen Street, Southport QLD 4215
Market Insight:
Southport is a key Gold Coast business hub, with demand driven by young professionals and constrained housing supply. House prices have surged (up ~18% annually), with a severe shortage of new stock against strong sales. Units offer more supply and higher yields (~5%), serving as an affordable coastal entry point. Future growth is anchored by the expanding Health & Knowledge Precinct, though house affordability remains a key constraint.