27/6 Sullivan Street, Emerald QLD 4720
27/6 Sullivan Street, Emerald QLD 4720
Central location | 3/2/2 duplex | leased $520/wk to 2027 | low-maintenance | double garage
This townhouse holds a clear edge in Emerald’s tighter strata market. The three-bedroom, two-bathroom layout with a double garage and private outdoor space places it above the typical two-bedroom units in the same complex, while the existing lease at $520 per week through mid-2027 signals dependable rental demand. Its central position near the CBD, schools, and services suits investors seeking steady income, downsizers wanting minimal upkeep, or first-home buyers after a move-in-ready property. The modern finishes and open-plan living add practical appeal without pushing into premium territory, making it a solid, functional choice rather than a standout.
The value picture may hinge on the limited land component typical of strata duplexes, which could cap long-term growth compared to detached houses. The surrounding area includes active development sites, so the streetscape might shift over time, potentially affecting appeal or traffic. Rental yield looks healthy given the current lease, but that income level depends on sustained local demand, which appears reasonable given nearby comparable rents. Buyers might weigh the security of the tenancy against the property’s smaller footprint and consider how the evolving neighbourhood could influence resale.
|| Comparable Sales: 24/6 Sullivan Street sold $205,000 in 2022; 25/6 Sullivan Street sold $267,500 | Property Price Band: $300,000–$400,000 | Value Drivers: existing lease duration, central location, three-bedroom layout with double garage
Detailed Independent Property Report prepared by PropCred Analyst team for 27/6 Sullivan Street, Emerald QLD 4720
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Emerald, Queensland, is a regional centre with 14,904 residents and a young skew, the dominant cohort under 10. Houses have climbed to a median of $501,000, with annual growth of 19.4 per cent, while units rose 27.3 per cent to $324,500. Sales volume is strong at 563 houses in 12 months, and homes sell in about 16 days, reflecting tight supply. Rental yields of 5.7 per cent for houses and 7.3 per cent for units, alongside weekly rents of $580 and $430, are drawing investors seeking income and capital growth. Demand is underpinned by Queensland’s infrastructure pipeline and 2032 Olympics confidence, plus affordability relative to southern capitals. The main constraint is low inventory, which keeps competition sharp and limits entry options for buyers.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 24/6 Sullivan Street sold $205,000 in 2022; 25/6 Sullivan Street sold $267,500 | Property Price Band: $300,000–$400,000 | Value Drivers: existing lease duration, central location, three-bedroom layout with double garage
Bedrooms
3
Bathroom
2
Parking
2
Land
157m²
URL has been copied successfully!