503/28-30 Second Avenue, Broadbeach QLD 4218

503/28-30 Second Avenue, Broadbeach QLD 4218
3 bed, 2 bath Broadbeach apartment | 112m² flat in Gallery Residences | 4.84% rental yield | Built 2021 with premium finishes This property’s competitive strength lies in its combination of modern construction, strong rental yield, and proven capital growth in a tightly held beachside pocket. The 112m² floor plan is generous for a three-bedroom apartment, and the 2021 build means lower maintenance and higher depreciation benefits for an investor. With a 4.84% yield and $1,415+ weekly rent, it suits an investor seeking income alongside capital appreciation, or a buyer wanting a lock-and-leave home near the beach with premium finishes like stone benchtops and Smeg appliances. The primary risk is the narrow buyer pool for a $1.52 million apartment in Broadbeach, which may slow resale in a softer market. However, the 22.2% growth from 2021 to 2023 demonstrates strong demand, and the absence of flood or bushfire overlays reduces insurance costs. The opportunity is to hold for medium-term capital gains while the 4.84% yield covers holding costs. Use this property as a balanced income-and-growth holding in a prime coastal location.
Detailed Independent Property Report prepared  by PropCred Analyst team for 503/28-30 Second Avenue, Broadbeach QLD 4218
Checks found:
Value Risk
Liquidity Risk 2
Planning Risk
Income Risk 2
Execution Risk ! 1
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Market Insight

Broadbeach is a premier coastal suburb, positioned as the cosmopolitan heart of the Gold Coast with exceptional walkability and established infrastructure. Demand is driven by affluent professionals, downsizers, and interstate buyers seeking a premium lifestyle, competing for limited family-sized stock and luxury apartments. Recent price trends show strong growth, particularly for units, supported by sustained demand and constrained land supply. Future growth is anchored by its irreplaceable location and ongoing infrastructure investment, though key risks include affordability pressures and sensitivity to interest rate changes.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

112m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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