3/24 Ferguson Avenue, Bongaree QLD 4507

Rental yield compression | Landbank premium priced in | Flood overlay | Complex sale risk | No unit comparables The key risk is paying near-complex level pricing for a single unit, where the flood overlay and altitude exposure during east-coast lows may constrain future resale pool and insurance costs. The 299m² strata share and BUP2024 legal structure suggest a land-heavy interest that could deliver above-median capital growth if future development potential under the Next Generation Neighbourhood zoning (12m height STCA) is realised. This property is best held as a long-term landbank proxy with steady rental buffer, not as a pure yield play. The quiet three-unit complex and private verandah offer scarcity in Bongaree’s 2-bed unit market, where median values rose 14% annually and rental demand remains high. The FTTN connectivity and single lock-up garage are adequate for the target buyer—an owner-occupier seeking low-maintenance beachside living or a patient investor prioritising lot control over immediate cash flow. A professional building and pest inspection, combined with council flood overlay clarification, should precede any offer.