11 Morgan Close, Yungaburra QLD 4884
11 Morgan Close, Yungaburra QLD 4884
Village-adjacent street | tight rental demand | mixed lifestyle stock | larger-lot potential | buyer profile split
This property sits within a residential pocket that balances everyday village convenience with the elevated, lake-view lifestyle options the suburb is known for. The street itself appears established and active, with a mix of standard family homes and larger parcels in the immediate area, meaning the house likely appeals to both owner-occupiers seeking a settled neighbourhood and investors drawn to the very low vacancy rate. The demographic mix—older residents alongside families—suggests a stable, low-turnover environment rather than a transient one, which typically supports consistent values and rental interest. For a buyer wanting a foothold in a tight market with genuine lifestyle pull, this location offers a credible middle ground between ordinary suburbia and premium scenic living.
The property’s final value may hinge on how it sits within the street’s broader spread—whether it leans toward the more modest village stock or the larger-lot lifestyle segment. Land size and orientation could shift its appeal significantly, as homes with lake or elevated positioning tend to command a noticeable premium here, while standard blocks trade closer to the suburb’s median. Condition and layout will also matter, particularly if the house requires updating or lacks the open-plan flow that current buyers expect. The very low vacancy rate might support rental income, but that depends on whether the house suits long-term tenants or short-stay demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Morgan Close, Yungaburra QLD 4884
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
The suburb’s house market shows a median price of $722,500–723,000 and 7% annual growth. Houses take 56–60 days to sell, implying balanced conditions. With a 4.13% gross house yield and 6.30% unit yield, demand leans on owner-occupiers for houses and investors for units. Weekly house rents are $555. Only 32–43 house sales occur yearly—a thin supply that supports prices but also raises correction risk. Affordability at this level is the main constraint.
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PropCred Estimated Value
Comparable Sales: 6 Alamanda Close sold at $785,000; 29 Oleander Drive with lake views on 1250 m² | Property Price Band: $700K–$800K | Value Drivers: land size, orientation, condition, and proximity to the village core
Bedrooms
3
Bathroom
2
Parking
2
Land
800m²
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