56/31 Queensland Avenue Broadbeach QLD 4218

56/31 Queensland Avenue Broadbeach QLD 4218
Recently sold at $1.09m |110mยฒ in 2360mยฒ complex |Rental yield near $1000pw |Fresh to market|This 2-bedroom apartment with 110mยฒ internal area in a 2360mยฒ development suits couples or investors seeking central Broadbeach living without house maintenance. Its practical layout delivers generous space for a two-bedroom unit, supporting comfortable daily use or strong rental returns in a high-demand locale. Positioned within a larger complex on Queensland Avenue, it benefits from shared amenities while maintaining a distinct footprint larger than many peers at 110mยฒ. Buyers drawn to similar apartments here include downsizers from houses and interstate investors eyeing Gold Coast yields, given the recent $1.09 million sale after 190 days on market. Comparable 2-bedroom units in Broadbeach have held steady, with estimates around $1.13 million reflecting solid demand despite longer settlement times. School catchments for Broadbeach State and Merrimac High add appeal for those with school-age children renting or buying. No flood or bushfire risks enhance its low-maintenance profile, positioning it favourably against riskier stock. Long-term, the central location and NBN fibre connectivity underpin holding value as Broadbeach’s urban core intensifies. Market signals suggest it could attract quick offers if priced near recent comps.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 56/31 Queensland Avenue Broadbeach QLD 4218
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Market Insight:

Broadbeachย’s demand remains anchored in its beachside lifestyle, convention centre precinct, and Pacific Fair retail/dining precinct, which keep both downsizers and investors chasing walkable, serviced apartments; limited new low-rise supply and rising inner-city tourism returns keep units selling steadily. Buyers are drawn to ongoing rental growth and vacancy tightness even as a wave of large-format ย“sky homesย” sells through scarcity, but they should watch any sharper rate rises, short-stay regulation shifts and the concentrated apartment stock for signs of softening. Prices have been nudging higher over the past six months, with the unit segment still displaying mid- to high-single-digit gains and little sign of a pause as premium offerings remain competitive.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

107mยฒ

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