This property or other similar established properties can be acquired by our Inner Circle membership. This property may be available or it may have been acquired by our client. Submit an enquiry to learn more.
Suitable for following Buyer Brief
Strategy Type: Buy & Hold
Investment Hold Period: Minimum 5 years
End Goal: Passive Income + Wealth Building + Tax Savings
Active or Passive Investing: Passive with minimum maintenance and ongoing involvement
Acquisition Objective: Accumulate self sustaining properties in growth areas for easy hold and get some equity to buy another one in 2 years.
Location Highlights
- Proximity to Major Hubs: Approximately 13 km northeast of the central business district and about 370 km north of the state capital.
- Shopping and Entertainment: Features a central shopping centre with supermarkets and various dining options. The Esplanade offers a selection of restaurants, cafes, and boutique shops along the beachfront.
- Educational Facilities: Nearby educational institutions include a state school in the adjacent locality and secondary schools in the nearby city.
- Parks and Recreation: Boasts several parks and beaches, including a popular conservation park known for its sea turtle nesting sites. The area offers opportunities for fishing, swimming, surfing, and golfing.
- Medical Services: Local medical amenities include pharmacies, chiropractic and physiotherapy clinics, dental services, and general practitioners.
- Dining Options: A variety of restaurants and cafes are available along the Esplanade, offering diverse culinary experiences with ocean views.
- Amenities: The suburb provides essential services such as a post office, veterinary clinics, hairdressers, and beauticians.
- Public Transport: Connected to the nearby city via a bus route that operates seven days a week, facilitating easy access to urban amenities.
- Vacancy Rate: The region exhibits one of the lowest rental vacancy rates in Queensland, indicating strong demand for rental properties.
- Supply and Demand: The real estate market has experienced significant growth, with houses seeing a 106.35% increase in median value over the past five years, and units an 80.25% increase.
- Infrastructure Development: Ongoing development of new estates reflects growing demand in the property market, enhancing the suburb's appeal to investors.
- Population: As of the latest census, the suburb has a population of approximately 8,883 residents, with a predominant age group of 60-69 years, indicating a mature community.
- Employment Hubs: While the suburb itself is primarily residential and a tourist destination, it is in proximity to employment opportunities in the nearby city, which has a diverse economy including sectors like healthcare, education, and retail.
This coastal suburb offers a blend of relaxed beachside living with essential amenities and services, making it an attractive option for property investors seeking growth potential in a vibrant community.
Recommended Due Diligence
Building & pest inspections, Title search, Flood, Bushfire, Easements, Soil type, Water & sewer, Stormwater, Dual Key compliance, Supply Demand stats review, Vacancy rates stats review, Contract review, Tenant agreement review.
Our Inner Circle membership includes Due Diligence, Search, Data Research, Strategy forming, and End to End Support.
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