Rent
Local Real Estate Agents, after careful consideration taking into account current (July 08) rental demand and the availability of comparable rental properties in the immediate area, have assessed the apartments as having a current (July 08) market rental as follows:
| Unfurnished, 1 bedroom, 1 car space apartment |
$270 - $280 per week |
| Unfurnished, 2 bedroom, 1 & 2 car space apartments |
$350-$370 per week |
| Unfurnished, 3 bedroom, 2 car space apartments |
$430-$440 per week |
Capital and Rental Growth
The Southport area has experienced high capital and rental growth in the past eight years. Typically new 2 bedroom apartments have increased from $175,000 - $185,000 in 1999/2000 to $350,000 - $380,000 in 2008. Likewise, these 2 bedroom apartment rentals have increased from $175-$180 per week in 1999/2000 to $350-$370 per week in 2008.
Rates & Body Corporate Fees
| Gold Coast City Council Rates |
$2000 per year (approx) |
| Body Corporate Fees |
$17.70 per week |
Disclaimer - The figures contained herein are approximate only and are no way intended to be a guarantee of future performance and no warranty is given as to their accuracy, as they are dependent upon market conditions.