407/9-21 Beach Parade, Surfers Paradise QLD 4217
407/9-21 Beach Parade, Surfers Paradise QLD 4217
1 bed | 1 bath | 1997 build | beachside strip | rental demand driven
This is a compact one-bedroom unit in a 1997-built complex on Beach Parade, a position that places it directly within Surfers Paradise’s high-density coastal core. The configuration is best suited to investors seeking yield or downsizers wanting a low-maintenance beachside base, rather than families. Its age places it in the mid-range of the suburb’s apartment stock, neither new nor heritage, which means it avoids the premium of recent towers while still offering established construction. The rental estimate around $680 per week signals consistent demand from the tourism and employment base that defines this precinct. The property’s strength lies in its location and the enduring appeal of compact units in a walkable beachside setting, where parking is included and the building is part of a strata complex that likely shares common amenities typical of the area.
The floor level, aspect, and internal finish quality are not confirmed from available records, which may materially affect the property’s appeal and price. A lower-floor unit with limited views or dated interiors might trade at a discount compared to higher, renovated equivalents in the same building. Buyers should weigh the potential for body corporate costs in an older complex and the possibility that the unit requires updating. The lack of a clear amenity list also means the property’s comparative value within the building remains uncertain, so a physical inspection is essential before forming a firm view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 407/9-21 Beach Parade, Surfers Paradise QLD 4217
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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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.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1.27 acres
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