705/9 Hooker Boulevard, Broadbeach Waters QLD 4218

705/9 Hooker Boulevard, Broadbeach Waters QLD 4218
7th-floor waterfront apartment | 76โ€“85 mยฒ two-bedroom | Spice complex | Pacific Fair opposite | flood zone noted This apartment occupies a specific niche within Broadbeach Waters: a modern, mid-rise waterfront unit with resort amenity in a suburb dominated by detached canal homes. The 7th-floor position and direct balcony access from both bedrooms give it a light-filled, open feel that many ground-level units lack, while the ducted air conditioning, ensuite, and concealed laundry lift it above standard two-bedroom stock. It best serves downsizers seeking lock-and-leave living with water views, or investors targeting the premium rental bracket, as the rental appraisal suggests strong uplift from the current tenancy. The proximity to Pacific Fair and the light rail makes it more urban in character than most Broadbeach Waters properties, which is a strength for convenience but a shift from the quiet residential streets typical of the suburb. The property sits within a flood zone, which may affect insurance costs and buyer sentiment, particularly for those unfamiliar with canal-side living. The floor area discrepancy between 76 mยฒ and 85 mยฒ could reflect different measurement methods and should be clarified against a formal floorplan. The body corporate fee of $87 per week is moderate for a complex with pool, BBQ area, and lift access, but it is an ongoing cost that must be factored into holding expenses. The rental appraisal of $900โ€“$950 per week suggests yield potential around 4.7โ€“4.9% based on typical pricing for this type of unit, but that yield depends on achieving the upper end of the range in a market where tenant demand for waterfront apartments remains active. The lack of confirmed view permanence or building age means the buyer should verify these directly before forming a final view on price.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 705/9 Hooker Boulevard, Broadbeach Waters QLD 4218
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Market Insight:

Broadbeach Waters is an exclusive Gold Coast canal suburb positioned for affluent buyers seeking a premium waterfront lifestyle. Demand is driven by professionals and established high-income households drawn to its private jetties, boating access, and proximity to Oasis Shopping Centre and Pacific Fair. The median house price, between $1.835M and $2.575M, has seen strong annual growth of 9.6% to 14.88%, reflecting a tight, high-value market. Future growth is anchored in its limited luxury stock and central infrastructure, though high entry prices and low rental yields around 2.53% for houses present affordability and cash flow constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

85mยฒ

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