1453/9 Ferny Avenue, Surfers Paradise QLD 4217
1453/9 Ferny Avenue, Surfers Paradise QLD 4217
High-floor 195m² | fully renovated three-bed | river-to-Broadwater views | resort tower amenity | premium owner-occupier stock
This is regarded as a rare configuration for the Surfers Paradise apartment market. A 195m² floor plan with three ensuites and two car spaces is not commonly offered in the central tower precinct, and the Level 45 position is understood to provide one of the stronger view corridors in the building. The property has been completely renovated, with the kitchen, bathrooms and finish standard brought to a turn-key level. It is best suited to owner-occupiers and downsizers who want a low-maintenance, resort-style property in the walkable core of Surfers Paradise, and the size and finish are expected to command attention among buyers who are comparing it with newer but materially smaller apartments in the same area.
Value may be influenced by the body-corporate fee structure and the building’s age, given the extensive shared amenity must be maintained from the levy pool. The tourism-heavy precinct may also shape the buyer pool, as some purchasers prefer quieter locations further back from the core. The strong elevation and orientation are expected to hold value well over time, and the renovated condition may reduce immediate capital outlay. These factors might be weighed against the premium that is typically paid for this level of apartment size and finish.
>> Comparable Sales: Level 53 three-bed sold $1.15M; 201m² sub-penthouse sold $1.38M | Property Price Band: $1.2M–$1.3M | Value Drivers: high-floor views, renovated condition, large floor area
Detailed Independent Property Report prepared by PropCred Analyst team for 1453/9 Ferny Avenue, Surfers Paradise QLD 4217
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Surfers Paradise is repositioning as a genuine residential contender, with its light rail, precinct upgrades and Olympic-linked infrastructure resetting a market once hampered by reputational slack. Demand is coming from high-wealth buyers alongside families and middle-income households drawn by lifestyle and employment, while population growth continues to outstrip new supply. The vacancy rate remains tight, underscoring underlying pressure. After a sustained run in which most properties more than doubled in value, price growth is now expected to moderate, though no correction is forecast. The 2032 Games and ongoing tower developments provide a durable tailwind, yet market sentiment remains sensitive to perception and delivery timing.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
2
Land
1.41 ha
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