204/569 Esplanade, Urangan QLD 4655

204/569 Esplanade, Urangan QLD 4655
Resort complex on Esplanade | 2nd-floor unit with study | Near beach & schools | High $600k’s guide This unit presents a competitively strong offering within a managed resort complex on the Urangan Esplanade, a location that reliably attracts holidaymakers and coastal lifestyle buyers. The configuration, including a potential study, enhances its utility beyond a standard two-bedroom apartment, making it suitable for a live-in owner seeking lock-and-leave convenience or an investor targeting the tourism rental pool. Its position within the well-regarded Oaks Resort provides access to shared amenities and management, a significant advantage for absentee owners. This property serves best as a low-maintenance coastal base or an investment leveraged against the established Hervey Bay visitor economy, with the recent price guide reflecting its premium positioning. The decision hinges on reconciling the resort premium with body corporate costs and the inherent lack of land control, which can constrain capital growth relative to free-standing properties. The absence of recent rental yield data necessitates independent verification of income potential against strata fees. The opportunity lies in acquiring a turn-key property in a high-demand location without the upkeep burden, but the commercial logic requires a long hold to offset the 2007 purchase price and realize gains from the area’s maturation. Proceed only if the lifestyle or hands-off investment model aligns with your strategy, as this unit is an operational holding rather than a development or value-add play.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Urangan’s property market is characterised by strong house price growth, with median values between $725k and $763k and annual gains of 7.7% to 16.95%, indicating robust demand. This demand is primarily driven by the rental market, where weekly rents for houses have increased by up to 8.3%, reflecting high tenant competition. However, a key constraint is emerging buyer caution, evidenced by houses taking 21 to 63 days to sell, suggesting a more measured market pace despite the upward price momentum.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

1.01 ha

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