10 Kokoda Street, Idalia QLD 4811

2-bed unit in 2012 complex | strong rental yield ~9% | flood & bushfire overlays | strata lot on 3.35ha site This unit presents a compelling proposition for an investor seeking high cash flow in a well-located complex. Its competitive strength lies in the demonstrated rental demand, with yields around nine percent significantly exceeding typical market returns, indicating a property that pays for itself efficiently. The configuration of two bedrooms and two bathrooms, a relative rarity in the unit market, enhances its appeal to a tenant pool seeking space and convenience, likely young professionals or couples. While the internal area is modest, the unit benefits from its 2012 construction, implying modern standards without the premium of a brand-new build. The buyer profile is clearly the yield-focused investor, as the tenure data shows significant resident turnover, confirming a building accustomed to tenancy rather than owner-occupation. You must, however, decisively factor the overlay risks into your financial modelling. The flood and bushfire overlays will directly impact insurance premiums, an ongoing cost that erodes net yield and must be quantified prior to any offer. The strata title on a 3.35-hectare site, while not unusual, necessitates scrutiny of the body corporate fees and long-term capital plan for such extensive common grounds. The opportunity exists to acquire a cash-flow positive property where comparable sales show volatility; recent sales in the building demonstrate wide variance in capital growth, from negligible to strong short-term gains, suggesting individual unit appeal and negotiation are key. The judgment call is to proceed strictly as a hold-for-income property, where the robust rental return justifies managing the overlay costs and strata complexities, but not as a vehicle for reliable short-term capital appreciation. Recent sales within the same building provide critical context for value: – Unit 10107 (2/2/2): Sold Feb 2026 for $482,750 – Unit 8203 (2/2/1): Sold for $425,000 – Unit 6302 (2/2/1): Sold for $425,000 – Unit 9105 (2/2/1): Sold for $425,250 – Unit 5205 (2/2/1): Sold for $400,000 This sales history anchors the subject property’s estimated value in the low to mid $400,000s, with the higher sale of Unit 10107 likely reflecting its top-floor position. The data confirms your negotiation should benchmark against the $425,000 cluster, adjusting for floor level and condition, as the building shows clear price points rather than erratic valuation.