2201/23 Ferny Avenue, Surfers Paradise QLD 4217

2201/23 Ferny Avenue, Surfers Paradise QLD 4217
2201/23 Ferny Avenue, Surfers Paradise appears to be a 2-bedroom, 1-bathroom, 1-car apartment in a building completed in 2004, with an internal area reported at 82–83 m². The property was listed for sale as an apartment in Surfers Paradise. 2-bed river-view apartment in established resort | mid-2000s build with full amenities | strong rental yield in central Surfers Paradise | compact but efficient layout This unit sits in a well-regarded resort complex, offering a river outlook that lifts it above many comparable apartments in the precinct. The 82–83 square metre floorplan is functional for a couple or single professional, and the inclusion of ducted air-conditioning and gym access adds genuine everyday comfort. The building was completed in 2004, meaning it is older than new stock but established, with a full suite of resort facilities—multiple pools, spa, theatre—that remain competitive in the central Surfers Paradise market. The rental yield of approximately 5.8% is solid for this area, making it a practical choice for an investor seeking steady cash flow, while owner-occupiers looking for a lock-and-leave lifestyle with views and amenity may also find it appealing. Its location on Ferny Avenue places it within walking distance of beach, dining, and light rail, reinforcing convenience as a core advantage. The key factors that may influence value here are the exact floor level and orientation, neither of which is confirmed from the available data. A lower floor with a less direct river view could reduce the comparative attractiveness, while a higher floor might command a premium. The tourist-heavy neighbourhood can bring noise and transient feel, which may not suit all owner-occupiers. Body corporate fees for this scale of resort building are typically notable and should be verified. Market conditions in the Gold Coast apartment segment may also shift, particularly for mid-2000s stock against newer competitors.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2201/23 Ferny Avenue, Surfers Paradise QLD 4217
Checks found:
Value Risk
Liquidity Risk
Planning Risk 2
Income Risk ! 1
Execution Risk ! 1
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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.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

96m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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