1/13 Toohey Street, Cardwell QLD 4849
1/13 Toohey Street, Cardwell QLD 4849
2 bed unit on 500m² | coastal Cardwell | strong rental yield | bushfire overlay noted | courtyard living
This unit holds a genuine edge for its size—78m² of internal living on a 500m² land component is uncommon in regional unit stock, giving it a feel closer to a small house than a standard apartment. The courtyard, single car space, and air conditioning make it practical for low-maintenance coastal living, and the configuration suits downsizers, first-time buyers, or investors chasing yield in a market where detached housing is often priced higher. It sits comfortably within Cardwell’s modest, low-rise character, offering a quiet residential setting with NBN and mobile coverage already in place. The rental signal near $350 weekly aligns with local demand, so an investor can reasonably expect consistent tenancy, though the vacancy picture suggests turnover may not be instant.
The bushfire overlay is the factor most likely to shape buyer caution and, in turn, price expectations—it may affect insurance costs and lending appetite for some purchasers. The lack of confirmed build year or floor level means condition and layout should be inspected directly, as older construction could require maintenance that offsets the yield appeal. The 500m² land size may or may not include shared title arrangements, so confirming the exact ownership structure matters before forming a firm view. These points are manageable, but they warrant due diligence rather than assumption.
|| Comparable Sales: 2 bed unit nearby sold $240k–$260k; older 2 bed unit in Cardwell sold $225k | Property Price Band: $220k–$320k | Value Drivers: land size, courtyard layout, rental yield potential, bushfire overlay impact on buyer pool
Detailed Independent Property Report prepared by PropCred Analyst team for 1/13 Toohey Street, Cardwell QLD 4849
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Cardwell, on Queensland’s Cassowary Coast, sits off the Bruce Highway linking Townsville and Cairns. Investor demand dominates, drawn by gross rental yields of 6.3% for houses and 6.0% for units, with vacancy at 0.89%. House prices range $377,500–$407,500, but growth signals conflict: 10.1% compound annual gain versus a -6.09% past-year reading. Units outperformed, up 29.7% year-on-year to a $295,000 median. Sales are thin, roughly 34 houses annually, and days on market vary from 98 to 353. Future growth hinges on highway infrastructure and rental demand; risks include an ageing population, shallow buyer pool, and supply constraints from low stock and extended selling times.
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PropCred Estimated Value
Comparable Sales: 2 bed unit nearby sold $240k–$260k; older 2 bed unit in Cardwell sold $225k | Property Price Band: $220k–$320k | Value Drivers: land size, courtyard layout, rental yield potential, bushfire overlay impact on buyer pool
Bedrooms
2
Bathroom
1
Parking
1
Land
78m²
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