402/239 Esplanade, Pialba QLD 4655
402/239 Esplanade, Pialba QLD 4655
Ocean-front 4th-floor unit | 2-bed 2-bath secure complex | Resort amenities with direct views | Premium over typical Pialba stock | Suits downsizers and lifestyle buyers
This unit holds a rare position in Pialba—a true ocean-facing apartment on the Esplanade with a large balcony and uninterrupted views, which immediately separates it from the bulk of suburban units in the area. The complex itself is well-appointed: secure gated entry, underground parking, a lockable storage cage, ducted air-conditioning, and shared facilities including a pool, gym, and BBQ area. For a downsizer moving from a house, or a sea-changer wanting low-maintenance coastal living without sacrificing space, the 80 m² floor plan with two full bathrooms and built-in robes works well. Its proximity to Pialba State School and Hervey Bay State High School adds practical appeal for those with family ties, though the property is better suited to couples or singles than families with children. The furnished presentation and leasing history also suggest it could serve as a holiday home or short-stay rental, though the price point implies the owner-occupier market will be the primary driver.
The price positioning may be the key consideration here. This unit sits well above what most 2-bedroom apartments in Pialba transact for, and the premium is justified by the view and frontage rather than the land component—the lot size is minimal and the value is tied to the building and strata arrangement. Buyers should weigh the ongoing strata fees and shared-wall living against the lifestyle benefit, and consider whether the ocean outlook holds its premium in a softer market. The building has seen recent sales at lower levels, which may indicate that higher-floor, better-view units command a meaningful step-up, but it also suggests negotiation room exists. A buyer should also factor in the age of the complex—no construction date is confirmed—and budget for potential future levies on common property maintenance.
|| Comparable Sales: 306/239 Esplanade sold $665,000; 504/239 Esplanade sold $811,000 | Property Price Band: $900K–$1.0M | Value Drivers: Ocean aspect and floor level, complex amenities and security, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 402/239 Esplanade, Pialba QLD 4655
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Pialba, on the Fraser Coast, is an established coastal suburb with a tight housing market. Demand is led by older Australians, predominantly aged 60–69, many locally born and previously working as professionals or community service workers; household incomes are modest. House prices range from $705,000 to $756,000, with annual growth between 4.4% and 19.11% depending on the data source. Units show notable strength, up 27.27% to a $490,000 median. Sales are brisk: three-bedroom houses sit on the market for a median of 16 days, with annual sales volume of 78–97. Rental demand is firm: vacancy is 0.84%, unit yields reach 4.77%, and house rents have grown 6.6% to $650 weekly. Future drivers include coastal access near the Esplanade and constrained supply—house listings are down 10.42% year-on-year. Key constraints: rising prices test affordability, while low turnover and an ageing demographic may temper transaction volumes.
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PropCred Estimated Value
Comparable Sales: 306/239 Esplanade sold $665,000; 504/239 Esplanade sold $811,000 | Property Price Band: $900K–$1.0M | Value Drivers: Ocean aspect and floor level, complex amenities and security, condition and presentation
Bedrooms
2
Bathroom
2
Parking
1
Land
104m²
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