11/3 Deloraine Close, Cannonvale QLD 4802

Last sold $207k eight months ago | now asking $479k | bushfire overlay flagged | rental yield under 5% The gap between the August 2024 sale price of $207,000 and current asking levels signals either a significant value-add event or market mispricing—buyers should verify what changed. With bushfire overlay confirmed and no flood or heritage constraints, the main risk here is overpaying for a unit that traded at half its current ask within a year. At a gross yield near 6% if purchased at the lower end, this works for a hold-and-rent strategy, but capital growth depends entirely on the complex’s broader land value story given the 2.36-acre lot allocation. This apartment’s competitive strength lies in its resort-style ground-floor position with pool and spa access, which appeals to owner-occupiers seeking lifestyle rather than investors chasing yield. The 124sqm internal area is generous for a two-bedroom unit in Cannonvale, and proximity to schools and the lagoon adds practical liveability. This suits a buyer who wants a low-maintenance coastal base and can hold through a soft refinance period. Book a building inspection focused on strata records and bushfire mitigation costs before proceeding.