176 Alexander Drive, Highland Park QLD 4211
176 Alexander Drive, Highland Park QLD 4211
Established townhouse estate | 3-bed lowset layout | Compact strata land | Mid-1980s build era | Gated complex with pool
This property sits within a mature, managed townhouse precinct on Alexander Drive, a configuration that stands apart from the detached houses dominating most of Highland Park. The likely 3-bedroom, 2-bathroom, single-car layout with internal areas around 101–134 m² and compact lots of 160–244 m² suits buyers seeking low-maintenance living without sacrificing bedrooms or privacy. The estate’s secure, gated character and shared lagoon-style pool add genuine lifestyle appeal, while the mid-1980s construction era means the bones are proven and the complex is well-established, not speculative. This serves downsizers, first-home buyers, and investors prioritising convenience, security, and modest upkeep over land size. Proximity to shops, schools, medical facilities, and public transport reinforces its practical strengths, and the presence of some water-view lots within the complex suggests orientation can meaningfully differentiate individual units. For the right buyer, this is a sensible, functional purchase in a corridor where townhouse demand remains steady.
Value may be shaped by the property’s specific position within the complex, as outlook and aspect vary lot-by-lot, with some homes enjoying lagoon views or private garden access while others face internal driveways. The older build era could require attention to finishes, kitchen and bathroom updates, or roof and window replacements, which might influence how the price compares to newer stock. The compact strata land limits outdoor expansion, but the managed complex offsets this with shared amenities. Rental demand appears active, with some units achieving strong weekly returns, though yields differ noticeably across the estate. Buyers should weigh the trade-off between established character and potential renovation costs when forming a view on price.
|| Comparable Sales: 53/102-104 Alexander Drive sold $705,000 in Feb 2024; 73/102-104 Alexander Drive sold $540,000 in 2023 | Property Price Band: $700,000–$800,000 | Value Drivers: Internal condition, outlook within complex, and garage configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 176 Alexander Drive, Highland Park QLD 4211
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Highland Park is a tightly held Gold Coast suburb where demand is led by established professionals and trades aged 40–59, with upper-middle incomes underpinning buyer capacity. House prices have risen roughly 19.5% annually to a median near $1.2 million, yet turnover remains thin at about 72–79 sales over the year and listings are down 40% year-on-year. The rental market is just as constrained: vacancy sits at 0.47%, house yields are 4.68% and units/townhouses yield 5.23%, keeping investor interest active. Homes sell fast, averaging 17 days on market, and close access to schools, shops, cafes and medical facilities reinforces local demand. However, momentum is not without friction. Auction clearance is 45%, well below Queensland’s 67% average, and vendors are discounting around 3%, pointing to buyer caution at current price levels. Scarce supply and steady owner-occupier demand support the medium-term outlook, but affordability pressures and rate sensitivity are the clear constraints.
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PropCred Estimated Value
Comparable Sales: 53/102-104 Alexander Drive sold $705,000 in Feb 2024; 73/102-104 Alexander Drive sold $540,000 in 2023 | Property Price Band: $700,000–$800,000 | Value Drivers: Internal condition, outlook within complex, and garage configuration.
Bedrooms
3
Bathroom
2
Parking
2
Land
957m²
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