19/136 Marine Parade, Southport QLD 4215
19/136 Marine Parade, Southport QLD 4215
East-facing Broadwater views | Level 4 front position | Freshly updated | Strong rental yield signals | Secure complex with amenities
This unit presents a competitively strong proposition due to its uninterrupted Broadwater and parkland aspect, a feature that distinguishes it from standard one-bedroom stock in Southport. The east-facing position on level four captures light and coastal breezes, enhancing livability. Recent internal updates align with modern expectations, reducing immediate capital outlay. The combination of a practical layout, balcony access from both living and bedroom areas, and complex amenities like a pool and spa caters directly to an owner-occupier seeking a lifestyle purchase or an investor targeting the professional tenant market drawn to reliable waterfront rental demand.
Decision factors center on the premium for the view positioning versus internal-area comparables, with the flood overlay requiring due diligence on insurance costs. The recent sale of a comparable unit in the same building demonstrates achievable pricing and supports a solid gross rental yield, indicating a property with dual-purpose utility. This unit justifies a hold strategy for either rental income or capital growth tied to its irreplaceable aspect, provided the view premium is rationally assessed against the broader one-bedroom market. Proceed with a view to long-term holding.
Recent comparable sale at 17/136 Marine Parade sold for $650,000 in February 2026 and was subsequently advertised for rent at $700 per week. This transaction implies a gross rental yield of approximately 5.6%, establishing a credible benchmark for both value and income potential for the subject property.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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.