419/87-97 First Avenue, Mooloolaba QLD 4557
419/87-97 First Avenue, Mooloolaba QLD 4557
compact 1-bed coastal apartment | resort-style shared amenities | strong capital growth since 2019 | priced above recent complex sales | buyer pool of owner-occupiers and downsizers
This unit’s competitive strength lies in its compact yet functional 1-bedroom, 1-bathroom, and 1-car configuration, which is well-suited for owner-occupiers seeking a low-maintenance coastal lifestyle or investors targeting steady rental demand in Mooloolaba. The shared amenities, including hot spa, BBQ area, gymnasium, and sauna, enhance its appeal by offering resort-style living without the upkeep of a larger property. Its position within a medium-sized strata complex provides a balance of community and privacy, and the absence of bushfire, flood, or heritage overlays reduces insurability risks. The property is best suited for downsizers or professionals who value proximity to the beach and prefer a turnkey apartment that requires minimal effort to maintain.
A key factor that may materially affect the unit’s value is its internal area of 50 m², which is compact compared to larger premium apartments in the area, potentially limiting its appeal to buyers who prioritize space. The asking price is positioned above the most recent comparable sale within the same complex, which suggests that the listing may reflect a premium for current market conditions or specific unit features not fully documented in public data. The building’s age and exact floor level are not confirmed, and these aspects could influence desirability, as lower floors may have less natural light or views. Buyers should weigh these factors against the strong capital growth observed since 2019 and the potential rental yield, which appears reasonable for the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 419/87-97 First Avenue, Mooloolaba QLD 4557
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Mooloolaba is positioned as a premium coastal suburb benefiting from spillover demand and a major infrastructure super-cycle, including the Direct Rail Line and Maroochydore CBD development. Demand is driven by lifestyle migrants and investors capitalising on decade-low listings and strong population growth. While house prices show mixed recent trends, unit prices surged nearly 20% annually, with houses selling in a brisk 34 days. Future growth is anchored to this infrastructure pipeline, though critical supply constraints and high construction costs present key risks.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
3392m²
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