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QLD › Coolangatta › Garrick St

U1, 37 Garrick St, Coolangatta QLD 4225

For saleUnit

$825,000

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $825,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $825,000(Listing record · 10 July 2026)
  • CalculationAsk is 58% below the Coolangatta median recorded sale ($1,975,000, n=10, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Coolangatta's advertised median rent ($811/wk), implied gross yield would be 5.11% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$825,000

Asking

No recorded sale for this property.

Coolangatta at a glance

7,434

People

$1,975,000

Median sale

$811/wk

Median rent

2.14%

Suburb gross yield

Median sale from 10 recorded sales (last 12 months) — a Districts calculation.

See the full Coolangatta report →

Vs Coolangatta

-58.2%

Median sale

Suburb $1,975,000

+2.97 pp

Gross yield

Suburb 2.14%

Suburb median $1,975,000 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$825,000
Stamp Duty (Queensland)
$30,150
Transfer/Registration Fee
$3,274
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$862,124

$37,124 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Coolangatta's advertised median rent — not a rent for this listing.

Net yield
3.61%
Annual cashflow (pre-tax)
$-13,103
Interest cover (DSCR)
0.69
Annual rent
$42,172
Operating expenses
$12,375
Loan amount
$660,000
Annual interest
$42,900
Gross yield
5.11%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$825,000available10 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $811/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 5.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Coolangatta in one glance

Coolangatta at a glance

7,434

People

$1,975,000

Median sale

$811/wk

Median rent

2.14%

Suburb gross yield

Median sale from 10 recorded sales (last 12 months) — a Districts calculation.

See the full Coolangatta report →

Keep researching

  • Why Coolangatta? Read the area thesis →
  • What else is on the market in Coolangatta →
  • Other records on Garrick St →

Listing material

Listed by RBR Property Consultants

Renovation Opportunity - Prime Coastal Position 550m to Coolangatta Beach

Positioned on the ground floor within the boutique Camila Apartments complex, this original two-bedroom apartment presents an outstanding opportunity to secure a property in one of Coolangatta's most sought-after locations. Set within a quiet block of only eight residences, the apartment offers privacy, convenience and enormous potential for those looking to renovate and add value.

Ready for a complete transformation, this is an ideal project for renovators, investors or buyers eager to create their dream coastal retreat. With easy street-level access as well as internal entry from the secure basement car park, the layout offers practicality and flexibility in an unbeatable beachside setting.

Property features include

Read the full description

* Two bedrooms

* One bathroom with separate toilet

* Combined bathroom/laundry

* Original condition with excellent renovation potential

* Secure basement car space

* Boutique complex of only eight apartments

* Ground floor position with convenient street access

The lifestyle on offer is exceptional. Enjoy a short 550m stroll to Coolangatta Beach for morning swims, surfing or sunset walks along the coastline. The Strand Shopping Centre is only 700m away, placing cafes, restaurants, boutique shopping and everyday essentials right at your fingertips. Kirra's world-famous surf breaks and dining precinct are also just moments away.

Conveniently located only five minutes from Southern Cross University, Gold Coast International Airport and M1 motorway access, this address delivers outstanding connectivity while maintaining a relaxed coastal atmosphere.

Whether you are searching for your next renovation project, investment opportunity or future beachside home, this property offers location, lifestyle and unlimited potential.

WHERE TO FROM HERE:

450m Kirra Hill lookout

550m walk to Coolangatta Beach

650m walk to Kirra Beach Hotel

700m walk to The Strand at Coolangatta

750m walk to Siblings @ Kirra

2.2km walk to Snapper Rocks

2.1km to Gold Coast Airport

40 minutes to Surfers Paradise

45 minutes to Byron Bay

THE FINER DETAILS:

Rental Appraisal: $700 - $750 per week

Body Corporate Levies: $77 per week (approximately)

Council Rates: $1,400 per half annum (approximately)

For further information or to arrange an inspection, contact Gavin on 0438 243 441

DISCLAIMER

The information relating to this property has been obtained by a third-party source, which is believed to be accurate and reliable. RBR Property Consultants has taken every care to ensure this information is as reliable and accurate as possible but may be subject to errors and omissions. RBR gives no guarantee that this information is 100% correct and it is recommended that you consult an advisor.

Listing description written by Gavin Keith, RBR Property Consultants — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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