136 Westminster Boulevard, Doolandella QLD 4077
136 Westminster Boulevard, Doolandella QLD 4077
New build | leased until 2026 | smaller high-density lot | bushfire overlay
This property presents a compelling, low-maintenance investment with immediate and secure cash flow. Its 2023 construction and fixed tenancy until late 2026 offer a rare turnkey proposition, eliminating near-term vacancy risk and refurbishment costs. The configuration-four bedrooms, multiple living areas, and ducted cooling-caters directly to the family rental market, ensuring sustained demand in this suburb. This house is ideally suited for an investor seeking a hands-off asset with modern appeal and predictable income.
The primary risk is the below-market rental, locked until November 2026, which represents a quantifiable income trade-off for tenancy security. The high building coverage on a 350mΒ² lot reflects a denser development pattern, differing from the suburb’s traditional larger blocks, which may influence future capital growth relative to established homes. Proceed with an offer strategy that capitalises on the vendor’s need for a sale amid a tenanted property, positioning this as a long-term hold to realise value post-lease expiry.
Recent sales context is limited, but a nearby three-bedroom house at 116 Westminster Boulevard has sold recently. This suggests active demand in the immediate precinct, though the subject property’s newer build and extra bedroom command a premium. The 2022 last sale price for this house is not a relevant benchmark given its subsequent construction.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Doolandella is a rapidly expanding suburb with strong fundamentals, driven by young professionals and new residential developments. House prices have surged, with median values around $925,000 and robust annual growth of approximately 10-12%, supported by high sales volume and houses selling in just over three weeks. Future growth is underpinned by significant population increase and new housing supply, though its reliance on continued affordability for its dominant demographic presents a key sensitivity.