16/52 Bestman Avenue, Bongaree QLD 4507
16/52 Bestman Avenue, Bongaree QLD 4507
2 bed 2 bath with ensuite | secure garage and balcony | flood overlay present | modernised beachside unit | strong holiday and retiree demand
This unit sits within a low-rise beachside complex that has been modernised to a standard that competes well in the Bongaree market. The internal layout is efficient for a couple or small household, with the ensuite to the master and a balcony that extends the living space. The secure garage and intercom add a layer of convenience that many older units in the area lack. It serves retirees downsizing for a coastal lifestyle, investors targeting holiday or long-term rental demand, and first-home buyers who want a turnkey property near the water. The flood overlay is present but does not appear to have deterred recent buyers in the same complex, and the position near the Bongaree strip means shops and cafes are within walking distance.
The flood overlay may affect insurance premiums and could be a negotiating point for cautious buyers, though it has not suppressed values in comparable units nearby. The land size of 1.3 acres is a strata share rather than a private block, so it should not be compared to a standalone house lot. The building age is not stated but the interior updates are recent, which reduces immediate maintenance risk but does not change the underlying structure. Rental yield is modest for the price band, and the unit may not suit families needing school catchment performance or those who require a high-growth outlook. A buyer should verify the strata levies and any sinking fund commitments before forming a final view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 16/52 Bestman Avenue, Bongaree QLD 4507
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Bongaree’s property market is characterised by exceptional capital growth, with house values surging 97% over five years and a remarkable 17-23% in the past year alone. This rapid price escalation, alongside a median house price approaching $950,000, signals a high-demand, high-growth environment. Demand is evidenced by brisk sales, with houses averaging just 27 days on market, and stronger performance for larger dwellings. While rental yields are moderate, the suburb’s sustained price momentum suggests robust buyer competition, though this growth trajectory introduces potential affordability constraints for future entrants.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.3 acres
URL has been copied successfully!