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8/40-42 Tarcoola Crescent
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1m2
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SOLID INVESTMENT - PRIME LOCATION

Welcome to Karana Palms Resort. This holiday apartment is in a quiet, popular tourist complex, within minutes from the action of Surfers Paradise, and only metres to the trendy Chevron Island Village Centre. So close to all that the Gold Coast has to offer, but yet, tucked away from the hustle and bustle.
This fully furnished apartment is an excellent investment opportunity, ideal for the superannuation fund, or if you want to build your property portfolio. With strong investment returns, the net income is approx. $30,000 per year. It's definitely one property that requires your full attention. Owners can take advantage of being investors in the resort by spending some of your holidays in your very own apartment. You'll just need to check the availability with the on-site manager.
Features:
• One Bedroom - One Bathroom
• Renovated Kitchen
• New Flooring
• Combined Living/Loungeroom
• Front Facing Balcony with City Views
• Separate Internal Laundry
• Undercover Secure Parking
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Property Details for 8/40-42 Tarcoola Cres, Surfers Paradise

8/40-42 Tarcoola Cres, Surfers Paradise is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 1m2. The place is currently for sale with Ray White Runaway Bay.

Building Type
Unit
Land Size
1m2

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About Surfers Paradise 4217

The size of Surfers Paradise is approximately 6.3 square kilometres. It has 20 parks covering nearly 7.3% of total area. The population of Surfers Paradise in 2011 was 19,668 people. By 2016 the population was 23,688 showing a population growth of 20.4% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation. In 2011, 41.5% of the homes in Surfers Paradise were owner-occupied compared with 39.9% in 2016.

Surfers Paradise has 25,357 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 57.93% increase in median value, while Units have seen a 99.12% increase. As at 30 November 2024:

  • The median value for Houses in Surfers Paradise is $2,098,210 while the median value for Units is $768,609.
  • Houses have a median rent of $745 while Units have a median rent of $675.
There are currently 356 properties listed for sale, and 86 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1603 properties were sold in the past 12 months in Surfers paradise.

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Lucy Vetrano
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Ray White Runaway Bay
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