28/51 Macrossan Street, Port Douglas QLD 4877
28/51 Macrossan Street, Port Douglas QLD 4877
28/51 Macrossan Street, Port Douglas QLD 4877 appears to be a 2-bedroom apartment/unit in the Regal Port Douglas complex on Macrossan Street, with current asking price around $595,000. ## Property notes The property was listed for sale as an apartment/unit in Port Douglas.
Resort-style unit | Two bedrooms | Central Macrossan Street | Strata living | 200 metres from beach
This unit sits in a tightly held complex at the core of Port Douglas’s tourism and dining strip, offering a walkable position that few detached houses can match. The proximity to the beach and restaurant precinct makes it particularly suited to buyers seeking a holiday retreat or a short-stay investment property. As a strata unit within a well-known building, it provides lower-maintenance living compared to freestanding homes, which appeals to those who prioritise location and convenience over land size. The configuration as a two-bedroom apartment aligns with strong demand from both owner-occupiers and investors targeting the visitor accommodation market in this central corridor.
The property’s value may be influenced by the building’s age and the quality of its common amenities, which are not detailed here. Its position on a main thoroughfare could introduce noise or traffic considerations that affect appeal for some buyers. The strata arrangement might also impose levies or usage restrictions that impact net returns or lifestyle flexibility. A buyer should weigh these factors against the clear locational advantages, as the balance between convenience and potential constraints will shape the property’s long-term suitability and market performance.
Detailed Independent Property Report prepared by PropCred Analyst team for 28/51 Macrossan Street, Port Douglas QLD 4877
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Port Douglas presents a sharply bifurcated market. House prices, driven by strong demand from locals, semi-retirees, and tenants seeking to escape rising rents, surged over 20% annually to a $1.2M median. Conversely, unit prices declined ~3% despite higher rental yields near 7.6%. Demand is fueled by a preference for land, tourism-driven business needs, and critically low housing supply, with listings down 30%. Key risks include household income 9.1% below the regional average and the lagged impact of interest rate rises from southern states.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
-
Land
2032m²
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