It is true, Sydney car spaces are selling for more than this studio unit. Well positioned with the new light rail out front, the centre of Surfers Paradise and the beach are both only a 5 minute walk away. It gets even better when you consider that rental appraisal is $270 pw, Body Corporate $70 pw, and Council rates approx $40 pw. When you do your sums it adds up to approx 5.5% return on asking price which means on current interest rates the unit would cost virtually nothing to own.