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%โ€“6.4% | 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 buildingโ€”a lower-floor unit with a poorer outlook may trade at a meaningful discount to the buildingโ€™s top sales. The buildingโ€™s 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 unitโ€™s 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
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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.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1820mยฒ

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