141/93 Sheehan Avenue, Hope Island QLD 4212
141/93 Sheehan Avenue, Hope Island QLD 4212
Large apartment with land | 3-car secure garage | Flood overlay flagged | High-growth Hope Island pocket
This property is competitively rare for its configuration: a three-bedroom apartment on 859 square metres of land, with three dedicated car spaces, in a suburb where three-bedroom units have appreciated 17.7 percent annually. For a buyer seeking a premium owner-occupier position or a long-term hold in a tightly held, 90 percent owner-occupied enclave, the combination of private outdoor space, air conditioning, and a balcony on a single title with that land area gives it an edge over standard apartments. It suits a downsizer or professional household wanting space, security, and low-maintenance living without moving to a house.
The flood overlay is the primary risk and must be investigated before exchange; a qualified inspectorโs report is recommended. That risk may limit future resale speed or insurance cost, but the 2018 purchase at $1.25 million and current price guide suggest strong capital growth has already absorbed some of that concern. With NBN fibre and 5G coverage supporting remote work, and school catchments within five kilometres, the property holds well as a primary residence or a medium-term hold in a market with low rental turnover.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 141/93 Sheehan Avenue, Hope Island QLD 4212
Market Insight: Hope Island QLD 4212
Hope Island presents a high-value, dual-track market. Demand is driven by affluent professionals, with strong rental growth (8-10% annually) and robust sales activity underpinning the unit sector, which has seen 6% price growth. However, the premium house segment faces headwinds, with prices down 2-5% and extended 65-day marketing times reflecting affordability constraints. Future growth hinges on sustained rental demand, but high entry prices and divergent performance between houses and units remain key considerations.