17 Olive Avenue, Greenbank QLD 4124
17 Olive Avenue, Greenbank QLD 4124
Plunge pool | 306m² build on 480m² lot | Bushfire overlay | Off-market post-2023 sale
The property’s competitive edge lies in its unusually high 64% site coverage, delivering a spacious 27-square floorplan with dedicated media room and kids’ retreat,rare for a 480m² lot in Greenbank. This configuration suits a family seeking separation of living zones without sacrificing a private plunge pool, positioning the house as a premium option in a market where similar-sized blocks often yield smaller builds. The bushfire overlay is the primary risk, imposing higher insurance premiums and potential vegetation management costs, which may narrow the buyer pool and soften resale liquidity. However, the overlay does not restrict development or occupancy, and the 2023 sale at $1.197 million suggests the market has already priced this in. For a buyer, the property functions best as a long-term family hold where the pool and layout justify the location premium; short-term flipping is not advised given the overlay’s discounting effect.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Olive Avenue, Greenbank QLD 4124
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Market Insight:
Greenbank is a high-growth, family-oriented suburb within a master-planned community, with strong demand from owner-occupier couples with children. This demographic is driving a robust market, evidenced by houses selling in approximately 24-56 days and annual price growth consistently around 10%. Future expansion is supported by new residential developments, though this also increases supply. Key considerations include the market’s sensitivity to mortgage repayments and a distinct lack of established unit stock.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
480m²
Assessments Delivered Today
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