48 Carrara Street, Mount Gravatt East QLD 4122
48 Carrara Street, Mount Gravatt East QLD 4122
DA-approved subdivision | elevated 622m² | Cavendish High catchment | basic 3-bed shell | $700-725/wk potential
The property’s competitive edge is defined by its approved subdivision status, a feature rarely combined with an elevated 622m² block in this suburb. A basic three-bedroom house is positioned on the land, which can be leased while a future subdivision or rebuild is evaluated. The Cavendish Road State High School catchment is viewed as a strong demand driver, pulling family buyers who might otherwise overlook a home of this presentation. This house is best suited to an investor or a land-bank buyer, because the dwelling is functional but not a premium product.
The value of this property may be influenced by the precise terms of the DA approval, including any conditions about site access, services, or the size of the proposed lots. A lower entry price might be allowed by the modest condition of the existing house, which also opens the door for rental income while the subdivision is processed. The quoted weekly return may be supported by rental demand in the area, helping to offset holding costs. Any survey or geotechnical outcome on the elevated block might also be factored into the final price a buyer is prepared to pay.
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Carrara Street, Mount Gravatt East QLD 4122
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Mount Gravatt East offers a study in South East Queensland’s supply-constrained momentum. Professionals dominate demand, with household incomes well above the Greater Brisbane average and 62 per cent of owners holding mortgages, pointing to working families and investors. Houses have reached a median of $1.36 million, up 11.5 per cent annually, while units sit at $843,500 after a sharper 20.3 per cent rise. Homes sell in a median 19 days, underscoring tight stock. Gross yields remain modest at 3.0 per cent for houses and 4.1 per cent for units, with weekly house rents near $700. Future growth relies on continued migration into a market where supply is inherently limited; that same scarcity raises affordability and rate-sensitivity risks as Queensland values outpace the national trend.
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PropCred Estimated Value
Comparable Sales: a 4/3/7 Carrara Street house sold for $1.62M; a 3/1/2 Carrara Street house sold for $975K | Property Price Band: $1.2M to $1.3M | Value Drivers: DA approval, elevated 622m² block, Cavendish High catchment
Bedrooms
3
Bathroom
1
Parking
1
Land
623m²
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