1404/1 Cannes Avenue, Surfers Paradise QLD 4217

1404/1 Cannes Avenue, Surfers Paradise QLD 4217
A 14th-floor riverfront apartment from 2022 with 109 square metres internally. Two bedrooms, two bathrooms, a study, and a rumpus room are configured within. Ducted air conditioning, secure parking, and building amenities including gym and pool are provided. Energy efficiency is rated 10 out of 10. A flood overlay has been identified on the lot. The riverfront aspect on the 14th floor is considered a premium configuration in Surfers Paradise, where older high-density stock is more typical. The 2022 build is noted for its modern finishes and efficient floor plan, which are uncommon in the suburb. Flexibility is added by a study and separate living area, making it suitable for downsizers or professionals. This property is positioned as a preferred option for affluent buyers seeking a lock-and-leave lifestyle with strong rental demand. The identified flood overlay may be weighed by prospective buyers, though it is standard for riverfront properties and should not be overstated. Verification might be required for discrepancies in floor size between sources, but the larger figure is assumed. The premium for the riverfront aspect is supported by limited comparable stock in this tower. Net returns might be affected by ongoing body corporate fees.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1404/1 Cannes Avenue, Surfers Paradise QLD 4217
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✕ 2
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

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.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

755m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat