4/3 Deloraine Close, Cannonvale QLD 4802
4/3 Deloraine Close, Cannonvale QLD 4802
2 bed, 2 bath unit | 134sqm internal | in-ground pool | bushfire overlay noted
This property presents a competitively positioned unit in Cannonvale, offering a rare combination of generous internal space and a resort-style pool within a managed complex. The 134sqm floorplan is notably larger than typical two-bedroom apartments in the area, which gives it an edge for owner-occupiers seeking space without moving to a house. The close alignment between current asking and estimated value suggests the listing is realistically priced, and the moderate rental yield makes it viable for investors targeting steady cash flow in the Whitsunday market. It best suits buyers wanting a lock-and-leave residence or a balanced investment with owner-occupier appeal.
The bushfire overlay is the primary risk to note, as it may affect insurance premiums and future development potential on the broader site, though the unit itself is in a built-up complex. No flood overlay is a clear positive for long-term holding. The property was last sold in 2019, so recent market movement may have narrowed the margin for short-term capital gain, but the combination of modern build, pool, and reliable NBN and 5G coverage supports ongoing demand. For a buyer, this unit works best as a hold for steady rental income or as a practical owner-occupied base in Cannonvale with minimal upkeep.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 4/3 Deloraine Close, Cannonvale QLD 4802
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.