23/56 Hooker Boulevard, Mermaid Waters QLD 4218
23/56 Hooker Boulevard, Mermaid Waters QLD 4218
North-facing sixth-floor presence | 126m² two-bed with dual balcony access | Resort-style waterfront complex | Broadbeach-adjacent lifestyle demand
This is a genuinely rare configuration for Mermaid Waters. Most apartment stock in the suburb is smaller, older, and lower in amenity, but this unit sits at the larger, more premium end—two bedrooms both opening directly to the balcony, a walk-through robe in the main suite, and a floorplan that rivals many three-bedroom offerings. The north aspect and sixth-floor elevation deliver consistent light and skyline views, while the complex itself—pools, tennis courts, marina access, landscaped waterfront—positions it as a lifestyle purchase rather than a standard investment unit. It suits downsizers seeking space without house maintenance, or owner-occupiers who want resort-style living within minutes of Pacific Fair, the light rail, and Broadbeach’s dining and entertainment precinct. The 1980s build is mature, but the scale and amenity are what carry the value here.
The flood overlay is a practical consideration, though it has not prevented strong prior sales activity in the complex. The building’s late-1980s fabric may mean older finishes or common-area upkeep compared with newer product, and the large complex could carry higher strata levies—though no figures were provided. Buyer demand for this pocket is steady, driven by proximity to major retail, transport, and the beach, and the unit’s north-facing balcony and internal laundry add everyday usability. The main price influences are likely to be the condition of the unit’s interior, the quality of the complex’s common areas, and how the market currently values larger apartments in established waterfront complexes.
Detailed Independent Property Report prepared by PropCred Analyst team for 23/56 Hooker Boulevard, Mermaid Waters QLD 4218
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Mermaid Waters holds a premium Gold Coast position, with a $2.1 million median house price up 13.8% annually. Professionals buying renovated family homes near waterways drive demand, with supply lagging; houses trade in 35 days and 168 sales occurred over the year, often above asking. Units at $929,987 with 3.2% growth attract interstate buyers. Rental demand is firm, with 116 active listings and rising rents. Light Rail Stage 3 completion in mid-2026 supports connectivity, though affordability constraints shift demand toward units and limit detached upside.
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PropCred Estimated Value
Comparable Sales: 45/56 Hooker Boulevard sold near $1.16M; 23/56 itself traded at $800K in 2023 | Property Price Band: $900K–$1.0M | Value Drivers: North aspect and sixth-floor views, complex amenity and marina access, dual balcony bedrooms and 126m² layout
Bedrooms
2
Bathroom
2
Parking
1
Land
2935m²
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