209 Stuart Street, Goodna QLD 4300
209 Stuart Street, Goodna QLD 4300
3 bed, 2 bath, 3 car house | 701mยฒ block in Goodna | last sold 1976 | auction May 16
The property’s primary advantage is its substantial 701mยฒ block in a suburb where the median house price sits at $690k, offering a rare land-to-price ratio that makes it a strong candidate for buyers seeking long-term capital growth. The three parking spaces and three-bedroom configuration are functional for families or investors targeting tenants in the school catchment area, particularly with Kruger State School 1.3km away. The auction format suggests the seller expects competitive interest, but the 0% auction clearance rate in Goodna this year indicates market hesitancy, giving a prepared buyer negotiating leverage.
The last sale in 1976 means the house likely has aging infrastructure, requiring immediate inspection of plumbing and electrical systems, which could add $30k-$50k in post-purchase costs. The demographic profile shows 36% of residents under 20, reinforcing demand for family housing, but the 53% long-term resident rate suggests limited turnover. A buyer should budget for renovations and use the auction’s low clearance rate to set a firm ceiling bid. Hold this property as a land bank in a growth corridor, renovating to capture family buyers.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Goodna is experiencing a high-growth phase, with median house prices rising approximately 20% annually and units surging over 40%, indicating strong investor and first-home buyer interest. Demand is driven by robust sales activityโ188 houses sold in a yearโand a tight rental market where rents are rising sharply. Properties move quickly, with houses averaging just 15 days on market. Future growth is underpinned by this strong transactional momentum, though the market’s rapid price escalation suggests potential sensitivity to affordability constraints and interest rate changes.