11 Cardamom Close, Griffin QLD 4503

Flood overlay present | rising rates | 3.3% rental yield | below-median block The decision to proceed with 11 Cardamom Close depends on how the flood overlay is assessed; this risk mechanism could raise insurance premiums by 15–20% annually and soften resale liquidity in a downturn. The rental yield at 3.3% is acceptable for Griffin’s growth trajectory, but it does not cover holding costs for leveraged buyers, meaning positive cash flow remains unlikely until rates fall. It is best held as a medium-term family home or a negatively geared investment with a 5–7 year horizon. The buying case hinges on the property’s location within strong school catchments and its formal living layout, which is increasingly rare in newer builds and adds functional separation for families. The 13.9% annual suburb growth supports capital appreciation, and the existing lease at $650 per week until 2026 provides immediate income certainty for an investor. It serves best a buyer seeking long-term equity growth with a tenant in place, not a flipper or rate-sensitive buyer. These conditions point to one path: secure the property if the flood overlay is mitigated by site-specific engineering or insurance quotes, then hold for the full lease term. The next step is to commission a flood impact study and obtain three insurance quotes before exchange.