Local Real Estate Agents, after careful consideration taking into account current (Sept 2005) rental demand and the availability of comparable rental properties, have assessed the apartments and villas as having a current market rental as follows:
| Unfurnished, 2 bedroom, 1 & 2 car spaces | $330-$345 per week |
| Unfurnished, 3 bedroom, 2 bath, 1 powder, 2 car space skyline villas | $420-$450 per week |
| Unfurnished, 3/4 bedroom penthouse, 2 bath, 1 powder, 2 car space skyline villas | $500-$520 per week |
Capital and Rental Growth
The Southport area has experienced high capital and rental growth in the past
three years. Typically new 2 bedroom apartments have increased from $175,000-$185,000
in 1999/2000 to $320,000-$350,000 in 2004. Likewise, these 2 bedroom apartment
rentals have increased from $175-$180 per week in 1999/2000 to $285-$345 per week
in 2004.
Southport, an area that experienced 17 per cent median house growth when selected
in last years hot spot list, makes the grade for the second year running. Strong
sales of new unit developments is expected to continue and also flow through to
the house market, particularly properties close to the CBD. The current (May 2004)
median house in Southport is $335,000, while the median unit price is also $335,000.
Source: Gold Coast Bulletin 20 Feb 04.
Rates & Body Corporate Fees
| Gold Coast City Council Rates | $1450 per year (approx) |
| Body Corporate Fees | $17.80 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.