1802/10-12 First Avenue, Broadbeach QLD 4218
1802/10-12 First Avenue, Broadbeach QLD 4218
3-bed 3-bath 2-car | 172m² high-floor coastal views | boutique 72-residence tower | walk to beach and tram | premium 2019-2020 build
Three-bedroom, three-bathroom apartments with two car spaces are rarely found in Broadbeach, where high-rise stock is dominated by compact one and two-bedroom units. At 172m², this apartment is positioned as a full-sized residence in a boutique 25-level tower of roughly 72 residences, giving it a more owner-occupied feel than larger towers in the area. The building was completed around 2019-2020, and the high-floor fit-out includes floor-to-ceiling glazing, Smeg appliances, a butler’s pantry, and a wine fridge. Coastal and skyline views are offered from the 18th floor, placing this clearly above the suburb’s mainstream apartment pool. This property is best suited to downsizers or interstate buyers seeking real space, a lock-up-and-leave lifestyle, and direct access to the beach, tram, and Broadbeach dining precinct.
Several factors may influence the value of this apartment. Views and orientation should be confirmed on inspection, as the exact compass aspect is not fully verified. Strata fees in boutique towers may be higher per square metre, which could affect net returns. The buyer pool may be narrowed by the premium price point, and seasonal noise might be weighed by owner-occupiers. Resale depth is thinner than for standard two-bedroom stock, so a longer holding period may be appropriate.
>> Comparable Sales: 1802 Vue Broadbeach sold $1.775M in 2020; 1402 Vue Broadbeach 2-bed sold $862.5K | Property Price Band: $1.8M–$2.0M | Value Drivers: high-floor views, 172m² layout, premium finishes
Detailed Independent Property Report prepared by PropCred Analyst team for 1802/10-12 First Avenue, Broadbeach QLD 4218
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Broadbeach is the Gold Coast’s cosmopolitan heart, anchored by the Convention Centre, Pacific Fair, and strong walkability. Demand comes from local and interstate buyers seeking a premium coastal lifestyle, alongside downsizers competing for limited family-sized stock. Median house prices are $1.185 million, up 24.7% annually; median unit prices are $1.025 million, up 10.27%. Houses sell in a median 23 days, and weekly rents are $828 for houses and $850 for units. Sustained demand and limited land availability support values, with a surge in three-bedroom sky homes (over 45% in some buildings) reflecting the missing middle. Risks include affordability – many coastal homes exceed $1.5 million – and interest-rate sensitivity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
2
Land
408m²
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