2/26 Morinda Way, Labrador QLD 4215

East-facing duplex in Southport High catchment | 3 beds with open plan living | renovated kitchen | no flood or bushfire overlays | 4.73% rental yield This property’s primary strength is its configuration within a sought-after public high school catchment, a proven demand driver that underpins both rental appeal and capital stability. The three-bedroom layout in a duplex form is competitively rare against typical two-bedroom units in Labrador, offering a family-scaled floor plan. The recent renovations, zoned ducted air conditioning, and a substantial outdoor area translate to immediate livability without near-term capital expenditure, positioning it for owner-occupiers or a long-term rental hold. The central risk is the conflicting land size data, which obscures true title value and potential body corporate implications; due diligence must confirm if the 450m² or 101m² figure governs ownership and fees. The asking price sits notably above automated valuation model ranges, demanding validation through comparable sales. Proceed only with a negotiated price aligned to the $650k-$750k benchmark, treating this as a long-term hold to capture catchment-driven demand.