1/82-84 Old Smithfield Road, Freshwater QLD 4870
1/82-84 Old Smithfield Road, Freshwater QLD 4870
Freshwater village charm | near airport & CBD | tight rental supply | strong unit growth
This property’s location in a family-friendly, transport-connected suburb positions it to attract both long-term tenants and capital growth buyers. The suburb’s low sales volume and high rental yields signal a competitive market where well-priced units secure stable income. This configuration best serves an investor leveraging the strong yield or a first-home buyer entering a high-growth area.
The primary risk is the variance in reported suburb growth, where some data indicates short-term price softening against long-term gains, demanding a multi-year hold to realise the upward trend. The opportunity lies in acquiring a unit below the median house price in a suburb where rental demand structurally outpaces supply. Proceed with a buy-and-hold strategy to capitalise on compounding growth and rental returns.
A recent comparable sale at 9/13 Le Grande Street, Freshwater, sold for $410,000 in May 2025. This two-bedroom unit sale provides a direct benchmark, confirming the upper end of the suburb’s unit price range. It substantiates the analysis of robust demand at this price point.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Freshwater presents a mature, established suburb profile, characterised by high owner-occupancy and a demographic skew towards professionals and childless couples. Demand is driven by this demographic seeking stability, supported by strong historical capital growth for units. Recent market conditions for houses show softening prices and mixed sales velocity, while the unit segment demonstrates robust growth. Future upside is linked to a significant pipeline of development applications, though a current low volume of active listings and stalled development completions present a key supply-side constraint.