102 Steiner Cres, Baringa QLD 4551
102 Steiner Cres, Baringa QLD 4551
4/2/2 family house | 220m² on 350m² lot | high 63% site coverage | school catchment zone | $740/wk rental demand
This property is positioned as one of the more substantial family houses in Baringa’s newer estate core. The 220 square metres of internal space on a 350 square metre lot is viewed as a configuration edge over the compact terrace and townhouse stock that dominates the walkable precinct. The four-bedroom, two-bathroom, two-car layout is well suited to owner-occupier families seeking a low-maintenance modern house within the local school catchment. The 63 percent site coverage is interpreted as a built form that maximises floor area, which is reflected in strong rental interest. FTTP broadband and 5G mobile coverage are considered sufficient for a working-from-home or tech-dependent household profile.
The property’s price is most likely shaped by its size advantage relative to typical estate stock, though the 63 percent site coverage may be perceived as limiting future extension potential. Family buyer appeal might be influenced by the unresolved secondary school catchment, and perceived depreciation could be affected by the absent build year. These factors are balanced against the strong rental demand, which is supported by investor interest.
>> Comparable Sales: 43 Leslie Cres, Baringa sold $1.275M for a 4/2/2 on 287m² | Property Price Band: $1.2M–$1.3M | Value Drivers: larger floor area, school catchment, rental demand strength
Detailed Independent Property Report prepared by PropCred Analyst team for 102 Steiner Cres, Baringa QLD 4551
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Baringa is a young, family-dominated suburb: median age 31, 84% family households, and 80% of owners holding mortgages. That points to working families as the core buyer base, supported by steady sales volume of 131–133 houses annually. House prices span $824,292 to $1,025,760 depending on source, with annual growth of 7.4% to 8.67% and a median 19 days on market, signalling strong demand and fast turnover. House rents range $710–$720 weekly, with gross yields of 4.41% for houses and 4.27% for units. Evolving infrastructure underpins future demand, though limited unit data and no vacancy rate temper visibility for investors.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
350m²
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