4/21-27 Markwell Avenue, Surfers Paradise QLD 4217

Ground floor unit in sought-after Costa D’Ora | strong recent comparable sales growth | low-rise complex with long-term owners | walkable to Surfers Paradise amenities. This unit’s primary strength is its ground-floor position within a well-regarded complex where 32% of owners have held for over a decade, indicating stable occupancy and limited turnover pressure. The recent sale of Unit 18 at $455k in 2024 after 17 years of ownership, combined with Unit 2’s 22% annual growth over four years, suggests the building has delivered consistent capital appreciation for patient holders. For a buyer seeking a low-maintenance entry into Surfers Paradise with parking and a solid rental yield potential near 6%, this unit offers a rare configuration edge in a market where ground-floor apartments are infrequently listed. The key risk is the 1m² land allocation, which limits long-term redevelopment upside and ties value primarily to the building’s condition and strata management. The asking price at $620k+ sits well above the most recent comparable sale of $455k, meaning the buyer must justify a 36% premium through recent market movement or superior unit condition. The opportunity lies in negotiating based on the 2021 purchase price and the building’s ageing profile, which may require special levies. Hold this property for rental income and capital growth over a minimum five-year cycle, treating it as a cash-flow positive position rather than a short-term flip.