102/137 Eugaree Street, Southport QLD 4215
102/137 Eugaree Street, Southport QLD 4215
High-floor modern unit in boutique complex | 105sqm with dual parking | Strong rental yield in tight Southport market | Owner-occupied majority signals quality management.
This property offers a rare configuration advantage in the current market: a full 105 square metres of internal space paired with two dedicated car spaces, which is increasingly difficult to find in newer apartment stock. The 2021 build year places it beyond typical defect periods, while the 70% owner-occupier ratio in The Mill suggests above-average building standards and fewer short-term rental disruptions. For a buyer seeking either a low-maintenance owner-occupier home or a high-yield investment, the 4.8โ5.3% rental return is competitive for Southport, and the proximity to Brickworks Centre and Southport State School strengthens long-term tenant demand.
The primary risk is the short holding period โ the property last sold in March 2026, which may indicate a quick resale or vendor motivation, though no distress signals are present. The absence of flood or bushfire overlays is a clear positive, but buyers should verify body corporate records for any special levies given the complex’s rooftop amenities. The opportunity lies in Southport’s ongoing precinct upgrades and the unit’s dual-income potential, which should insulate against vacancy better than smaller one-bedroom offerings in the same corridor.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 102/137 Eugaree 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.