9 Lema Circuit, Kuraby QLD 4112
9 Lema Circuit, Kuraby QLD 4112
Detached 4-bed house | 615m² block | Kuraby State School catchment | quiet family pocket | auction market
This house holds genuine appeal for family buyers wanting a detached home in an established, quiet pocket of Kuraby. The 615m² block is a workable size—room for kids to play, a garden, and possibly a pool—without demanding heavy upkeep. Being in the Kuraby State School and Runcorn State High School catchments is a practical advantage, especially for buyers with school-aged children, and the short distance to the primary school adds everyday convenience. The street itself reads as family-oriented and settled, which tends to attract owner-occupiers rather than investors, supporting price stability. For a buyer seeking a solid, low-maintenance family house in a convenient location, this property sits comfortably in that sweet spot.
The lack of internal detail means finish and layout will be central to how this house is priced. If the interior is dated or needs work, that may temper competition and give a buyer room to negotiate. Conversely, if it presents well, the auction format could draw multiple interested families, particularly given the limited stock in this segment. The 2008 last sale suggests the current owner has held it through a strong market cycle, so there may be an expectation of a premium. Buyers should weigh the cost of any immediate renovations against the strength of the location and the likelihood of future demand from similar family buyers.
|| Comparable Sales: 36 Lema Circuit sold mid-2024; 68 Lema Circuit listed as ex-display, last sold 2002 | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, school catchment, street appeal, internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Lema Circuit, Kuraby QLD 4112
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Kuraby, in Brisbane’s south, combines commuter access via major roads and train stations with a resident base averaging 36 years, where 54% of owners hold mortgages. Demand comes from investors and homeowners, evidenced by 61 sales above $1m out of 108 total properties traded. House prices grew 14.46–18.5% annually, reaching medians of $1.425m–$1.505m, while units sit near $650k. Houses sell in a median 24 days, indicating tight market conditions. Rental yields are modest for houses at 3.18% but stronger for units at 4.76%, with weekly rents at $720 and $600 respectively. Future growth rests on infrastructure works in surrounding areas and ongoing commuter demand. Key risks include affordability constraints from elevated house prices, rate sensitivity given the high mortgage prevalence, and supply tightness inferred from limited turnover volume.
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PropCred Estimated Value
Comparable Sales: 36 Lema Circuit sold mid-2024; 68 Lema Circuit listed as ex-display, last sold 2002 | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, school catchment, street appeal, internal condition
Bedrooms
4
Bathroom
2
Parking
-
Land
616m²
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