13 Kalimna Drive, Clontarf QLD 4019

13 Kalimna Drive, Clontarf QLD 4019
3-bedroom house on 622sqm | no overlays | 7m roof height | strong rental yield | Clontarf beach proximity This property presents a compelling buying case for its combination of a generous 622sqm block with no bushfire, flood, or heritage constraints—rare in coastal suburbs. The 31% building coverage leaves significant redevelopment or extension potential, while the 7m roof height and 28m elevation offer passive design advantages and reduced flood risk. The $720 weekly rental estimate against a $665,000 purchase price yields a gross return near 5.6%, appealing to investors or owner-occupiers seeking future capital growth in a suburb with rising median values. School catchments and NBN connectivity add practical livability. The primary risk is the wide valuation gap between sources ($790k–$964k), indicating market uncertainty; buying at $665k may have captured immediate equity, but future appreciation depends on sustained regional demand. The property is not currently listed, so a buyer must initiate direct negotiation. Opportunity lies in leveraging the low building coverage for a granny flat or subdivision, subject to council approval. Hold for medium-term capital growth or use as a high-yield rental while monitoring Clontarf’s price trajectory.
Detailed Independent Property Report prepared  by PropCred Analyst team for 13 Kalimna Drive, Clontarf QLD 4019
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk 2
Income Risk 2
Execution Risk 2
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Market Insight

Clontarf is a mature, established suburb with a demographic skew towards older, professional residents and childless couples, creating stable demand. This demographic profile, combined with strong recent capital growth across both houses and units, indicates a robust market. Future growth is supported by consistent population increases, while the current high volume of properties for sale suggests a balanced market that may temper short-term price escalation.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

622m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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