14/189-193 Buchan Street, Bungalow QLD 4870

14/189-193 Buchan Street, Bungalow QLD 4870
2-bed unit in a small complex | 79m² floor area | 106m² land | Parramatta State School and Trinity Bay High catchment | suits first-home buyers or investors seeking low-maintenance living near Cairns The property sits within a compact 17-unit complex, offering a practical floor area of 79m² on a 106m² lot. Its location in Bungalow provides proximity to Cairns CBD, major roads, and retail services, which supports appeal for first-home buyers or investors focused on low-maintenance occupancy. The school catchment for Parramatta State School and Trinity Bay High adds functional value for owner-occupiers with children. The unit is one of several similar 2-bedroom dwellings in the complex, suggesting a consistent market segment. The 60% owner-occupier split in the complex may indicate reasonable community stability. The property’s exact renovation status and internal condition are not confirmed from visible data, which reduces confidence in its current livability. Body corporate levies and sinking fund balance remain unresolved, and these costs can affect holding expenses. The price picture is unclear, as guide estimates vary across sources. Whether the 79m² floor area applies precisely to this unit needs verification. Can the property’s condition and ongoing costs be confirmed to support a confident purchase decision?
Detailed Independent Property Report prepared  by PropCred Analyst team for 14/189-193 Buchan Street, Bungalow QLD 4870
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Cairns North offers a lifestyle-driven market with strong infrastructure investment, including a major hospital expansion. Demand is driven by first home buyers, upgraders, and interstate investors, creating intense competition for family homes under $700k. Recent data shows robust price growth for units (up 22.9%) and houses, supported by chronic undersupply and tight rental yields near 7.8% for units. Future growth is anchored to major projects and resilient employment, though risks include rising insurance costs and persistent supply constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

106m²

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