20 Chervil Drive, Greenbank QLD 4124

Near-new 4-bedder in Greenbank | 375sqm block, no overlays | Fast-growing family pocket | Priced below replacement cost The property offers a rare combination of near-new build quality and a sub-400sqm block in a suburb where land values are rising steadily. Its four-bedroom, two-bathroom layout with double garage suits first-home buyers and investors targeting the family rental market, where demand remains consistent. The absence of flood or heritage overlays removes two common due-diligence risks, strengthening the buyer’s negotiating position. At $600 per week rent, the yield is competitive for the area, and the March 2023 purchase price of $303,000 suggests the seller is likely carrying some equity, which may create room for price negotiation. The main risk is the 375sqm land size, which limits future subdivision potential and may feel tight for larger families. Buyers should also note the Logan council area’s slower capital growth compared to Brisbane City Council suburbs, though Greenbank’s infrastructure pipeline offsets some of this. The property’s near-new condition means minimal immediate maintenance, allowing a buyer to hold for medium-term capital gains while collecting stable rental income. Hold for at least five years to capture the suburb’s growth cycle.