287/105 Scarborough Street, Southport QLD 4215
287/105 Scarborough Street, Southport QLD 4215
23rd floor corner | Broadwater and ocean views | 169mยฒ internal | two car spaces
The propertyโs competitive strength lies in its combination of size and positionโ169 square metres internally on a high corner floor is rare in any Gold Coast apartment market. The 180-degree north/east aspect captures both Broadwater and ocean outlooks, which typically holds value better than rear-facing stock. The open-plan layout with floor-to-ceiling glass and a large balcony with bi-fold shutters gives the unit a genuine indoor-outdoor feel that owner-occupiers in particular will pay a premium for. The three-bedroom, two-bathroom configuration with two secure car spaces positions this as a viable long-term home rather than an investment-only unit, which broadens the buyer pool. For a professional couple or downsizer wanting resort amenities without sacrificing living space, this is one of the better options in Southport CBD.
The main risk is the suburbโs recent -6% growth and the fact that estimated values range from $1.31m to $1.63m, which signals some valuation uncertainty and suggests buyers need to be disciplined on price. The building is residential-only, which can limit capital growth compared to mixed-use towers with higher demand from investors. On the opportunity side, the Broadwater frontage and proximity to the G:Link tram and parklands give this property a lifestyle edge that should support rental demand at around $1,000 per week if needed. The NBN and 5G connectivity are functional but not value drivers. Hold this property as a primary residence for at least five years to ride out the current softness in Southportโs marketโit is not a short-term flip.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
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.