4/144 Shingley Drive, Cannonvale QLD 4802

4/144 Shingley Drive, Cannonvale QLD 4802
Large format unit | low-density complex | Whitsunday lifestyle demand | dual parking | pool and courtyard. This property sits in an uncommon position for a unit: a 233-square-metre floorplate with a courtyard and pool in a low-density complex, effectively offering townhouse-style living without the land premium. The dual parking and ensuite to the main bedroom make it suited to owner-occupiers seeking lock-and-leave convenience, while the rental yield projection of roughly 4.2 percent on mid-range estimates gives an investor a reasonable cash-flow buffer in a market where short-term accommodation demand is structurally supported by tourism and FIFO activity. The school catchment and 4G coverage add practical depth for families or remote workers. The primary risk is the strata environmentโ€”95 percent owner-occupied reduces turnover risk but limits rental supply flexibility, and the $299 report cost is a necessary check on sinking fund health. The land size discrepancy between 1.86 acres and 223 square metres suggests a complex lot, meaning no direct land control for the buyer. There is no recent sales data beyond 2018, so pricing relies on comparable estimates rather than a clear market test. For a buyer, the opportunity is to negotiate on the gap between the $1.48 million Domain figure and the higher property.com.au estimate, using the lack of recent transaction evidence. Hold this as a medium-term lifestyle or income property in a corridor where Whitsunday demand is unlikely to soften sharply.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Cannonvale is a high-growth coastal suburb with a young, trades-oriented demographic and 52.7% owner-occupancy. Demand is driven by lifestyle buyers and a tight housing supply, with population growth of 15.4% over five years. House prices, around $850k, have grown over 14% annually, while units have surged over 23%, supported by strong rental yields near 6%. Future growth is underpinned by significant regional investment and master-planned communities, though risks include a persistent undersupply of houses and uneven unit market performance.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

1.86 acres

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