The Current Real Estate Market for Apartments in Surfers Paradise, Queensland

Surfers Paradise, a jewel in Queensland’s Gold Coast, remains one of the most sought-after destinations for real estate investors and homeowners alike. Known for its pristine beaches, vibrant nightlife, and luxurious high-rises, this iconic suburb continues to attract buyers from across Australia and the globe.

Market Overview

As of 2025, Surfers Paradise has witnessed consistent increases in apartment prices, fueled by robust demand, constrained supply, and the suburb's lasting attractiveness. The current median price for apartments in Surfers Paradise is around $760,000, indicating a year-on-year increase of approximately 10%. Luxury apartments, especially those situated in waterfront towers, are priced significantly higher, often exceeding $2 million.

One-bedroom apartments have a median sale price of $530,000, two-bedroom apartments have a median price of $779,000, and three-bedroom apartments have sold for a median price of $1,300,000. (source property.com.au)

For instance, units in the esteemed Soul Surfers Paradise tower have achieved sales surpassing $3.5 million for three-bedroom apartments with ocean views, highlighting the premium buyers are prepared to invest for both luxury and prime location.

Rental Market Dynamics

The rental market in Surfers Paradise is equally dynamic. The median rent for apartments is $690 per week, while larger, well-located apartments can fetch upwards of $1,000 per week. The snapshot is; One-bedroom apartments rent for around $550 per week, two-bedroom apartments for $750 per week, and 3-bedroom apartments for $1,100 per week. Vacancy rates have plummeted to an all-time low of 1.5%, underscoring the fierce competition among tenants. (source realestate.com.au)

A recent listing for a two-bedroom apartment in the Circle on Cavill building was leased within 48 hours for $950 per week, highlighting the intense demand for centrally located, high-quality rental properties

Buyer Trends

1. Local and Interstate Buyers: Many Queenslanders and interstate migrants from Sydney and Melbourne are driving demand, drawn by Surfers Paradise’s coastal lifestyle and relatively affordable prices compared to other major Australian cities.

2. International Interest: International buyers, particularly from China and New Zealand, have shown renewed interest in Surfers Paradise apartments.

Future Projections

Industry experts predict continued growth in the apartment market for Surfers Paradise, with a forecasted annual increase of 8-10% in property values over the next two years. This growth will be bolstered by:

• Limited new developments due to rising construction costs.

• An influx of retirees and remote workers seeking a lifestyle change.

• Increasing tourism and international student numbers.

Opportunities and Challenges

Opportunities:

• Investors can benefit from high rental yields, with gross yields averaging 4.5-5% for apartments.

• Buyers who secure properties in well-managed buildings with low body corporate fees stand to gain long-term capital growth.

Challenges:

• High interest rates may impact borrowing capacity for some buyers.

• Construction delays in new apartment projects could further strain supply.

Conclusion

Surfers Paradise remains a vibrant and lucrative market for real estate investors and lifestyle buyers. Its unique combination of natural beauty, urban amenities, and enduring appeal ensures that it remains a top destination for apartment seekers.

Whether you’re looking to invest in a holiday home, secure a rental property, or settle in a vibrant community, Surfers Paradise offers opportunities aplenty. However, with rising prices and intense competition, acting decisively is key to securing your piece of this iconic suburb.

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Published by

Nick Karayanis B.Eng. UNSW (Civil)

Licensed Contractor NSW (Building)

Disclaimer:

The content of this blog is for informational and educational purposes only and should not be considered professional financial, legal, or real estate advice. Every real estate transaction and renovation project is unique, and you should consult with qualified professionals, such as real estate agents, contractors, and legal advisors, to address your specific needs and circumstances. The information provided here is based on personal experiences and research and may not reflect current market conditions or regulations in your area. Readers assume all responsibility for decisions made based on the content of this blog.