3143/23 Ferny Avenue, Surfers Paradise QLD 4217
3143/23 Ferny Avenue, Surfers Paradise QLD 4217
Large 101m² two-bedroom | Ocean outlook mid-level | Chevron Renaissance tower | Renovated but no finish detail
This is a genuinely spacious two-bedroom apartment at 101 square metres, which is well above the typical floorplan for Surfers Paradise units and gives it a rare sense of room. It sits on a desirable mid-level floor in the Chevron Renaissance complex and captures an ocean outlook, which places it above the many internal-facing apartments in the same precinct. The property has been described as beautifully renovated, though the specific materials and finishes are not confirmed. It is best suited to an owner-occupier looking for a central coastal home with genuine living space, or a downsizer wanting a quality apartment in a landmark tower without the premium of a penthouse.
The value of this property may be influenced by how the renovation compares to other recently updated apartments in the tower, since finish quality has a direct effect on price in this segment. The large internal area is a clear advantage, but without confirmed balcony size or orientation bearing, the full amenity package is not yet clear. The 2.04 hectare land figure reflects the entire complex lot, not private land, so buyers should not attribute land value to this unit. The building age is unstated, which may affect depreciation expectations for investors, and the absence of settled sales data in the same tower makes it harder to benchmark price without further research.
Detailed Independent Property Report prepared by PropCred Analyst team for 3143/23 Ferny Avenue, Surfers Paradise QLD 4217
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.