1204/10-12 First Avenue Broadbeach QLD 4218

Level 12, 180-degree views | 90% owner-occupied building | 55% held 6–10 years | 3-bedroom, 111m², one park This unit offers a rare combination of genuine owner-occupier stability and a high-quality floor plan. The building’s 90% owner-occupancy and long holding periods (55% for 6–10 years) signal low turnover and a well-maintained common property—a structural advantage for capital preservation. The 180-degree views from Level 12 are a positional edge not easily replicated, and the 111m² internal area is generous for a three-bedroom apartment, giving it a competitive floor plan against newer but smaller stock. This property suits a buyer seeking a secure, low-risk hold in a tightly held building, particularly one who values outlook and space over parking count or yield. The primary risk is the single parking space, which may limit appeal to families or high-end tenants. The 2019 purchase date means the current owner has held through a strong growth cycle, so re-sale margin may be compressed. However, the comparable sale of 1501 at $1.67m in October 2025, with 5.92% annual growth over seven years, confirms the building’s consistent appreciation. For a buyer, the opportunity lies in acquiring a unit with proven capital growth and low supply risk in a building where most owners do not sell. Hold for medium-term equity growth; the building’s demographics and views will support steady demand without reliance on rental yield.