2/40-46 Redlynch Intake Road, Redlynch QLD 4870

2-bedroom townhouse-style unit | private courtyard | Redlynch’s 70% owner-occupied complex | strong rental history at $430/week This property offers a rare configuration in Redlynch: a ground-floor apartment with a private courtyard, effectively functioning as a townhouse within a well-maintained complex where 70% of owners live on-site. The internal space at 104-120m² is generous for a two-bedroom unit, and the recorded rental jump from $230,000 in 2018 to $285,390 in 2021 suggests capital growth has been consistent. It serves best a buyer seeking a lock-and-leave home with outdoor space, or an investor targeting the 57% family demographic in an area where 53% of residents are long-term. The main risk is the discrepancy in recorded land size and parking—one space versus two—which may affect resale appeal to families needing two cars. The 0% auction clearance rate in Redlynch signals a soft market, so the asking price likely reflects a negotiation buffer. Opportunity lies in the complex’s low turnover (only 5 recent sales) and the area’s young population skew (68% under 40), which supports steady rental demand. Hold this property as a medium-term income asset or a downsizer’s base, not a flip.