9-17 Cabriolet Cres, Macleay Island QLD 4184

Potential multi-unit site | No direct sales history | Island lifestyle growth | Ferry-dependent access This property presents a rare configuration for Macleay Island, where the address format suggests a dual or multi-unit potential on a single title, a scarcity in a market dominated by detached houses. This positions it for a buyer seeking land banking or future development optionality within a high-growth island community, capitalising on a population that has more than doubled. It serves an investor or owner-occupier comfortable with ferry access, prioritising lifestyle and land value over immediate turnkey convenience. The primary risk is illiquidity, with a suburb median of 80 days on market, costing you in holding costs and limiting exit speed. The commercial logic lies in the 18% annual house price growth and the forthcoming foreshore upgrade, which will solidify waterfront appeal. Acquire this for its land value and hold it to benefit from infrastructure improvements and sustained demand for affordable island living, rather than for immediate rental yield. Recent sales confirm a robust market, with 47 houses sold in the past year at a median of $575,000, demonstrating strong demand. While no direct sales on Cabriolet Crescent are recorded, the suburb-wide activity supports the growth narrative. Higher-end listings with premium features command prices up to $840,000, indicating a clear value spectrum where this property’s value will be anchored by its land size and configuration.