1/16 Jacaranda Drive, Bongaree QLD 4507
1/16 Jacaranda Drive, Bongaree QLD 4507
Unit 1/16 Jacaranda Drive, Bongaree is a 3-bedroom, 2-bathroom canal duplex on 140m² of land with one car space. It features canal access, a covered entertaining area, a spa, and a water tank with pump. The interior has been refurbished and the building was likely constructed in the mid-1990s.
This property is competitively strong because of its direct canal access and spa, features that are rare in Bongaree and command a premium over standard duplex stock. Its refurbished interior and low-maintenance 140m² land size make it particularly suited to retirees, empty-nesters, or weekenders seeking a lock-and-leave lifestyle with water views. The location is a clear advantage, being a short walk to both the Passage and local shops, which adds everyday convenience to the lifestyle appeal. Within Bongaree, this unit sits above typical flats in size and amenity, but below larger houses on land area, positioning it as a mid-tier water-adjacent option that avoids the compromises of high-density living.
Several factors may materially affect the property’s value or sale price. The single car space could limit appeal for households with multiple vehicles, and the small land size may deter buyers wanting a garden or expansion potential. The last recorded sale was in 2009 for $490,000, so current market conditions and the refurbishment likely support a significantly higher value, but without recent sales data for this unit, the price range remains uncertain. The canal aspect and spa are strong value drivers, but buyers should weigh whether the property’s configuration and parking constraints align with their needs before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/16 Jacaranda Drive, Bongaree QLD 4507
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Bongaree’s property market is characterised by exceptional capital growth, with house values surging 97% over five years and a remarkable 17-23% in the past year alone. This rapid price escalation, alongside a median house price approaching $950,000, signals a high-demand, high-growth environment. Demand is evidenced by brisk sales, with houses averaging just 27 days on market, and stronger performance for larger dwellings. While rental yields are moderate, the suburb’s sustained price momentum suggests robust buyer competition, though this growth trajectory introduces potential affordability constraints for future entrants.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
136m²
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