1007/3440 Surfers Paradise Boulevard, Surfers Paradise QLD 4217
1007/3440 Surfers Paradise Boulevard, Surfers Paradise QLD 4217
Level 10 position | 92m² internal area | Furnished & reverse-cycle air | Secure parking & pool/gym | Central Surfers Paradise
This unit presents a competitively sized two-bedroom offering in a central, high-demand location. Its 92 square metre internal area is notably larger than many one-bedroom apartments in the suburb, providing a tangible space advantage. The inclusion of furnishings, air conditioning, and building amenities like a pool and gym caters directly to the rental market, positioning it strongly for an investor seeking serviceability or an owner-occupier wanting a turnkey solution in a tourist-centric area. The mix of holding times within the building suggests it appeals to both short-term investors and longer-term residents.
Decision hinges on reconciling the premium ask with recent sales evidence. The primary risk is paying a significant premium over recent one-bedroom sales in the building, which transacted between $775,000 and $803,000. The opportunity exists in securing a larger, well-appointed unit if the price aligns closer to the lower end of its estimated value range. Given the demonstrated rental yields and holding patterns, this property is best acquired as a long-term hold, leveraging its rental appeal to service debt while banking on the scarcity of larger layouts in the building for capital growth.
Recent comparable sales within the building show one-bedroom units achieving prices from $775,000 to $782,000. This establishes a clear value benchmark, indicating that the two-bedroom layout and larger size of this unit command a justifiable premium, but one that must be carefully quantified against these lower-price-point transactions.
Detailed Independent Property Report prepared by PropCred Analyst team for 1007/3440 Surfers Paradise Boulevard, Surfers Paradise QLD 4217
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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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
Bathroom
Parking
1
Land
2379m²
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