SOLD
Sold on 10 Apr 2024 for $56,000,000

5/27 Garfield Terrace
Surfers Paradise QLD 4217

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 194m2
Land area: 195m2
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Property Details for 5/27 Garfield Tce, Surfers Paradise

5/27 Garfield Tce, Surfers Paradise is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1969. The property has a land size of 195m2 and floor size of 194m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Year Built
1969
Floor Size
194m2
Land Size
195m2
Local Government
Gold Coast City
Lot/Plan
5/BUP430

Last Listing description (July 2020)

ABSOLUTE OCEANFRONT APARTMENT - Unit 5 Kuleena 27 Garfield Terrace
The whole fifth floor consisting of 2 bathrooms, Spacious lounge and living rooms, well appointed kitchen with wall oven, microwave wall oven and dishwasher, separate laundry, wide protected wrap around balcony with ocean views, air conditioned living area, large single security garage with storage room, Swimming pool in complex

References essential, Available for immediate occupancy

Contact: Vic Mackay Mobile:0414 880 044 to arrange a private inspection

Email: vicmackaypayne@gmail.com

Property History for 5/27 Garfield Tce, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$56,000,000
10 Apr 2024
Listed for Rent
$750/w
22 Jul 2020
  • 10 Apr 2024
    Sold for $56,000,000
  • 04 Aug 2022
    Sold for $2,752,577
  • 02 Mar 2020
    Listed for Rent - Price not available
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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 25,225 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 72.39% increase in median value, while Units have seen a 98.47% increase. As at 31 October 2024:

  • The median value for Houses in Surfers Paradise is $2,308,496 while the median value for Units is $767,523.
  • Houses have a median rent of $750 while Units have a median rent of $673.
There are currently 369 properties listed for sale, and 88 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1586 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.