3-bed house, Tannum Sands, undersupplied street, 24% YoY growth | Low-density pocket, strong rental yield, family demand | Only 4 properties on street, scarcity advantage | Above-median capital growth, tight vacancy.
This property sits on a street with only four homes, a rare configuration that limits supply competition and supports price stability. The 24% annual house price growth and 4.9% rental yield signal strong demand from both owner-occupiers and investors, while the 1.6% vacancy rate confirms quick tenant placement. It suits buyers seeking a coastal family home with capital growth potential, underpinned by the area’s undersupply of ready-to-sell houses and limited new projects.
The key risk is the property’s specific condition and pricing relative to the $775,000 median sold figure, which may require verification against comparable sales. The small street size means limited historical data for precise valuation, so buyers should cross-check recent sales on nearby streets. The opportunity lies in the area’s tight supply and rising rents, offering a buffer against holding costs. Hold this property for medium-term capital growth, leveraging the low vacancy and undersupplied market.