15 Barrine Drive, Worongary QLD 4213
15 Barrine Drive, Worongary QLD 4213
Renovated 4-bedroom on 799mยฒ | No flood or fire overlay | Pool and caravan storage | Strong owner-occupier street
The property presents a rare configuration advantage in Worongary: a fully renovated house on a flat 799mยฒ lot with no environmental overlays, which is uncommon at this price point. The 4-car parking with undercover boat or caravan storage, combined with the pool and 5kW solar system, positions this house well for a family seeking a turnkey home with practical outdoor amenity. For the buyer who values low ongoing maintenance and immediate occupancy, the renovation qualityโparticularly the bathrooms and reverse-cycle air conditioningโremoves the typical post-purchase capital works burden. The street’s 90% owner-occupier ratio signals stable neighbourhood character, which supports both lifestyle and future resale.
The primary risk is the EOI process having closed without a published result, which may indicate the property did not meet vendor expectations or that a negotiated sale is now possibleโthis creates a potential opportunity for a buyer to approach with a firm, unconditional offer below the listed range. The 2018 purchase price of $564,000 and subsequent renovation means the vendor holds a low cost base, so they have room to negotiate without loss. The property is best held as a long-term family home given its school proximity and M1 access; short-term flipping is less advised due to already captured renovation uplift.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 15 Barrine Drive, Worongary QLD 4213
Market Insight:
Worongary is a high-growth, high-income suburb with median house prices surging between 13-23% annually, indicating strong buyer competition. Demand is driven by affluent households, evidenced by median weekly rents of $1,200 and rapid sales, with houses averaging just 22 days on market. This robust activity, supported by solid rental yields of 4.14%, points to sustained investor and owner-occupier interest. Future growth will hinge on continued high-income migration and limited new supply, though the market’s recent velocity suggests sensitivity to interest rate changes.