1 Condamine Court, Pelican Waters QLD 4551

1 Condamine Court, Pelican Waters QLD 4551
New build on corner block | Water views & pool | Established precinct | Above median configuration This property presents a specific risk in its premium valuation against older local stock, with the cost being limited resale liquidity in a softening market. The opportunity lies in securing a modern, high-specification home in a mature location without the delay of construction. It is best held as a long-term primary residence to amortize the new-build premium. The commercial logic supports this if your timeline exceeds seven years. Its competitive strength is the 2024 construction on a well-sized corner block, a rare combination in this area. The quality finishes, pool, and functional layout create immediate utility for a family, positioning the buyer with a decade of low-maintenance living. This serves a professional family seeking a turnkey home in a settled community with direct water access. Your next step is to validate the view premium and construction quality through a targeted comparative assessment.

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

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Market Insight:

Pelican Waters is a premium canal estate positioned for affluent lifestyle buyers and investors, with its 60-69-year-old professional demographic driving demand for waterfront properties and boating access. The market demonstrates robust conditions, with a median house price of approximately $1.45 million and strong annual capital growth between 5.7% and 7.8%, supported by high population growth. Future demand is fueled by this demographic influx and limited new supply, though high price points constrain affordability and the market remains sensitive to interest rate movements given rental yields around 4.5-5%.
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PropCred Estimated Value

Bedrooms

-

Bathroom

-

Parking

-

Land

536mΒ²

Assessments Delivered Today

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