16 Melaleuca Street, Manunda QLD 4870
16 Melaleuca Street, Manunda QLD 4870
3-bed house | 1 bath | double garage | established Manunda | flood overlay caution
A compact three-bedroom, one-bathroom layout is offered with double-car accommodation, a configuration well suited to first-home buyers, young families, and investors seeking manageable costs. Its established Manunda location is positioned close to Cairns without a premium price tag. The single-bathroom format is typical of this housing stock, so demand is expected from practical buyers rather than those seeking executive finishes. The double garage is considered a genuine everyday advantage. This property is best used as an affordable entry into detached living, with rental appeal as a secondary strength.
Buyer interest and final price may be influenced by condition and any recent updating. The single-bathroom configuration might be seen as narrowing family appeal, while insurance costs and long-term desirability could be affected by a flood overlay in the locality. If maintained or lightly modernised, value may be supported by the practical layout and double garage.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Melaleuca Street, Manunda QLD 4870
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Manunda, a Cairns suburb, sits below Queensland’s median house price ($845,870) at $746,500, offering relative affordability in a fast-appreciating tropical market. Demand skews young (20-29 age bracket) and is buttressed by regional migration into Cairns, where houses rose 9.86% and units 13.78% over the past year. Median house growth reads 33.3% (property.com.au) but alternative sources range to 17.1%, suggesting a strong yet volatile market. Units return a 6.1% gross yield, with houses renting at $523 weekly. Inventory is tight: houses sell in 15 days against 46-55 annual sales. Future gains hinge on ongoing North Queensland development and population inflow, while key risks include significant data dispersion—median house estimates span $532,792 to $746,500—and a balanced demand-supply ratio that could plateau prices. Affordability cushions downside, but the market is unlikely to repeat its 33% spike.
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PropCred Estimated Value
Comparable Sales: 14 Melaleuca St (3-bed, $470k); 8 Bottlebrush Ave (3-bed, $505k) | Property Price Band: $450k–$550k | Value Drivers: condition, land size, layout presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
891m²
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