1/18-20 Wyllie Street, Redcliffe QLD 4020

1/18-20 Wyllie Street, Redcliffe QLD 4020
3 bed 2 bath apartment | 126sqm land 102sqm internal | 90% owner occupancy | 2 days on market This unit sits in a well-located Redcliffe building with strong owner-occupier character, which typically signals better common-area maintenance and quieter living. The 102sqm floorplan is generous for a three-bedroom apartment, giving it a feel closer to a small townhouse than a standard unit. The position near Redcliffe State High School and Scarborough State School makes it practical for families, though the demographic skew toward older residents suggests the immediate area is more settled than transient. For a buyer seeking a solid owner-occupied style apartment with good space, this property competes favourably against newer but smaller developments. The main risk is the thin sales history within the building โ€” only three recorded sales since 2021, with wide variance that makes recent valuation assumptions less reliable. The 10% rental ratio is low, which reduces investor competition but also means less local rental evidence if resale timing shifts. The buyer gains a property with low body corporate risk given the owner profile, but should verify sinking fund adequacy given the building contains 11 units. Hold this as a long-term owner-occupied home or a conservative hold for stable capital growth in a tightening Redcliffe market.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Redcliffe is a coastal suburb undergoing a significant transformation, with upgraded infrastructure and a maturing demographic profile driving strong demand. The market is characterised by robust price appreciation across both houses and units, reflecting a competitive environment with properties transacting efficiently. Future growth is anchored by major public investments and its relative affordability compared to Brisbane, though mortgage and rental affordability pressures present a key constraint for certain segments.
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PropCred Estimated Value

Bedrooms

-

Bathroom

-

Parking

-

Land

1029mยฒ

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