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Overview
This spacious apartment at 502/89 Surf Parade offers a versatile living environment, ideal for buyers seeking entry-level luxury or investors aiming for a strong yield in the Broadbeach precinct. Its extra-large layout of approximately 95m² gracefully combines indoor and outdoor living with a northeast-facing balcony that invites abundant natural light, extending the lounge area for seamless entertaining or relaxed everyday enjoyment.
The property includes one bedroom complemented by a sizeable multipurpose study/media room, which can effortlessly transition into a second internal bedroom to suit changing lifestyle needs. Positioned within an iconic award-winning building, residents benefit from premium facilities such as a rooftop pool and spa, a residents’ lounge, a gymnasium, sauna, and 3-speed lifts servicing the boutique collection of just 110 apartments.
- Onsite management ensures professional care and adds to a well-maintained community atmosphere
- Close proximity to Broadbeach Mall and major retail outlets like Woolworths adds conveniences for daily living
- Easy access to transportation, including the light rail, and key destinations including Pacific Fair Shopping Centre, Star Casino, and Surfers Paradise within a 10-minute drive
- Pet-friendly policies and balanced occupancy create a diverse and welcoming environment
Fully furnished and currently part of a thriving holiday rental pool that produces a strong net rental return of $42,000 to $45,000 per annum, this residence represents an attractive option both as a primary home and as a lock-and-leave holiday investment in a vibrant coastal location.
Local Market Insights
In Broadbeach, Quiet Listings observed 39 new apartments entering the market over the last 30 days, down from 82 during the previous 30-day period, with an average advertised asking price of $2,042,410. The property type mix of listed properties is predominantly Apartments at 41%, followed by houses (37%), and units (11%). The most active agency for apartments in the Broadbeach area is currently Ray White, representing 23% of new listings, followed by Kollosche with 21%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Offers Over $730,000 |
Location
Market Insights for Broadbeach QLD 4218
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