313/22-24 Ward Street Mooroobool QLD 4870
313/22-24 Ward Street Mooroobool QLD 4870
Second-floor corner unit | inward-facing for quiet | 72mยฒ with two bathrooms | complex pool and gym | reliable NBN and 5G
The unitโs inward-facing corner position on the second floor, combined with a two-bathroom layout in a 72mยฒ footprint, is uncommon in this price band and gives a buyer genuine lifestyle edge over ground-level or street-facing alternatives. The complexโs pool and gym reduce the need for external memberships, and the NBN and 5G connectivity support remote work without compromise. This property is best suited to a first-home buyer or investor seeking low-maintenance, resort-style living in a well-maintained block where 75% owner-occupancy signals stable tenure and neighbour quality.
Flood overlay is the primary risk, and it will constrain resale speed and insurance cost; a buyer should factor a premium of at least 10โ15% on annual premiums and avoid relying on capital growth in a wet season. The absence of bushfire or heritage overlays simplifies due diligence, and the school catchmentโBalaclava State and Trinity Bay State Highโprovides a reliable tenant pool for rental at $500/week. Hold this property as a long-term, low-effort income unit, not a short-term flip, and budget for strata levies that reflect the pool and gym upkeep.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Mooroobool presents as a tightly held, established suburb with a mature demographic profile, primarily attracting owner-occupiers and investors seeking stable rental returns. Demand is driven by childless couples and professionals, supported by strong sales volumes and remarkably low vacancy rates indicating a competitive rental market. Recent price trends show significant capital growth, with houses transacting swiftly, reflecting a high-demand, low-supply environment. Future growth is underpinned by this sustained demand and limited stock, though the market’s recent rapid price appreciation introduces a key constraint regarding affordability and potential sensitivity to economic shifts.