2/82-84 Abel Smith Parade, Sunset QLD 4825

Sunset | Bushfire overlay | cash-flow range mismatch | 26-year-old unit | low land-to-area ratio The bushfire overlay introduces a specific insurance and financing constraint that compounds the gap between the low $170k entry and the modest rental ceiling of $340–$400 per week. The 94m² internal area on 150m² land means limited land-value appreciation and higher per-square-metre body corporate risk for a 2000-build unit. This property works as a long-hold cash-flow play only if you can secure acceptable insurance and hold through a flat capital-growth cycle; otherwise it is a thin margin proposition best suited to an investor with existing portfolio diversification, not a first-time owner-occupier. The unit is competitively rare in this price band for Sunset—the 150m² land parcel is the smallest in recent comparable sales, but the 94m² internal area is the largest in its cohort, offering genuine livability over speculative land banking. The 4G and NBN coverage, plus nearby school catchment, support a stable tenant profile for an investor. If your strategy is cash flow with minimal capital expectation, and you have pre-approved insurance quotes and a lender comfortable with the overlay, this is a buy for the rental yield. Otherwise, walk toward a unit without the overlay or a newer build with better land-to-area efficiency for the same price.